Latest Results

Results for the six months ended September 30th 2022:

  • Half-year revenues for the Group were £179.3m

  • Revenues grew £19.7m or 13% compared with the prior year, and by 5% at constant currency

  • The Group’s half-year operating profit of £20.1m was, as expected, lower than last year, reflecting our planned investment in technology, editorial and digital capabilities

  • The Economist subscriber volumes have remained flat however retention remains strong, with churn down substantially and now at historically low levels

  • More and more customers are choosing digital - 52% of subscriptions were digital-only, compared with 45% last year

  • Economist Impact has performed strongly across both Partnerships and Events with revenues of £53.2m, an increase of 33%. The Events business delivered its flagship ‘International’ event in person

  • Economist Intelligence revenues increased by 15% to £25.2m driven by its core subscription business and Clearstate, our healthcare offer

  • Economist Education, though still small, continues to grow and launched a new website in September

Results for the 12 months ended March 31st 2022:

  • Revenue for the year grew 12% to £346.3m

  • The Group delivered its highest profit since 2016 for its continuing business, reaching £46.4m (+11% year-on-year)

  • Digital services made up 55% of revenue, growing to more than 60% when including digital consumption from customers who take a print and digital bundled product. During the year, 66% of new subscribers to The Economist chose digital only offerings

  • Subscriber numbers at The Economist were 1,185,000, in line with last year. Notably, The Economist’s revenues grew 5% at constant currency and first-year subscriber retention grew markedly

  • Economist Impact accounted for the largest revenue increase among the Group’s four core businesses, and delivered revenue of over £106m for the year. The Events business hosted 222 events over the year, gathering more than 78,000 attendees in person and online

  • Economist Intelligence increased revenues to £45.5m driven by a 33% increase in revenues in Clearstate, and a 95% retention rate among Economist Intelligence Unit subscriptions

  • In its first full year of trading Economist Education launched three new online courses with a fourth planned in the coming months

  • The Group is on track to achieve its goal of reducing carbon emissions by 25% by 2025. The Group has reaffirmed its commitment to achieve net zero by 2045 and will be making its first disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) 

Previous Results

AGM and shareholder calls

Date Event
Apr 25th 2023 Shareholder call
Jul 11th 2023 2023 Annual general meeting

For access to shareholder calls, email us.

UK Pension Plan