Reworld Media (ALREW) Q3 2024 TU earnings summary

Executive summary

• Consolidated revenue for the first nine months of 2024 was €389.5M, down 1.6% year-over-year, with 34% generated internationally.

• BtoB segment achieved record revenue of €219.6M (+3.0%), driven by digital activities; BtoC revenue declined 6.8% to €169.9M, mainly due to lower magazine sales.

• Third quarter revenue decreased 3.0% year-over-year, with BtoB stable (+0.1%) and BtoC down 6.5%.

• Strategic focus remains on digital diversification, new monetization levers, and international growth.

Financial highlights

• BtoB revenue for the first nine months rose by €6.3M (+3.0%) year-over-year; BtoC fell by €12.4M (-6.8%).

• Q3 BtoB revenue was €69.7M (+0.1%); BtoC was €55.7M (-6.5%).

• Subscription offers (45% of BtoC) declined 7.7% year-to-date, but the average basket increased 2.1% to €5.44.

• Single-copy sales (55% of BtoC) dropped 6.6% year-to-date, with a sharper 7.8% fall in Q3.

Outlook and guidance

• Confidence in sustainable growth in France and internationally, supported by ongoing investment in content, formats, and monetization.

• Next annual results publication scheduled for March 26, 2025.