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Visual31 Oct 2025
Three decades of Rolls-Royce
Reach (RCH) investor relations material
Reach Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary14 Oct, 2025
Executive summary
Digital revenue grew 2.1% year-over-year in Q3, with indirect revenues up 4.0% and direct revenues down 0.8%.
Print circulation remains stable, with advertising revenue outperforming circulation volume declines.
Group restructuring aims to accelerate growth, focusing on video production, new commercial propositions, and off-platform audience growth.
Estimated full-year restructuring cost is approximately £20m.
Financial highlights
Group revenue: Digital revenue up 2.1% in Q3; indirect revenue up 4.0%; direct revenue down 0.8% year-over-year.
Print advertising revenue continues to perform above circulation volume declines.
Page views fell 1% over the nine-month period due to lower digital referral volumes, especially from Google.
Outlook and guidance
Confident in delivering full-year market expectations, with profit underpinned by resilient print and cost management.
On track to achieve 4-5% cost saving target for the year.
Full-year digital revenues expected to be broadly flat year-over-year due to ongoing volatility in referral volumes and weak macroeconomic conditions.
How will £20m restructure accelerate growth?
What is the strategy to offset Google referral drops?
How does declining print underpin profit expectations?
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Frequently asked questions
Reach plc is a leading regional news publisher with operations in the UK and Ireland. Through our portfolio of local and regional printed titles, websites, mobile platforms and events we deliver tailored content to readers in a variety of places from their doorstep to their daily commute. Reach plc was incorporated in 1904 and is headquartered in London, the United Kingdom.
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