Latest Results

Results for the six months ended September 30th 2023:

  • Half-year revenues for the Group were £178.7m

  • Revenues were in line with the prior year at actual exchange rates and grew by 1% at constant currency

  • The Group’s half-year operating profit of £23.5m was an increase of 17% on the first half of the year. This is in line with the prior year on an underlying basis

  • The Economist subscriber volumes remained steady at 1.158m 

  • More people choose digital than ever before, with 61% of Economist subscriptions digital-only compared with 56% in the prior period 

  • Economist Impact’s revenue fell this half-year, reflecting last year’s decline in sales of new business. This was partially offset by the fact that the Economist Impact Events business has performed well

  • Economist Impact’s EuroFinance International Event in Barcelona generated record revenues with over 2,200 attendees and 100 sponsors and exhibitors

  • Economist Intelligence has seen revenues fall slightly, reflecting a dip in sales for its Clearstate medtech business

  • Economist Education continued to grow its offer with its new Data storytelling and visualisation course

Results for the 12 months ended March 31 2023:

  • The Group’s revenues grew by 9% compared with the prior year at actual exchange rates and by 2% at constant currency

  • Operating profit was £42.2m, lower than last year as expected—reflecting our planned investments in technology, editorial and digital capabilities, and including restructuring costs, all designed to position the Group for future growth

  • Subscriber numbers at The Economist were 1,182,000, in line with last year

  • Digital subscriptions for The Economist grew by 13%, making up 75% of new starts for the year

  • Economist Impact revenues grew by 10% despite market headwinds

  • Economist Impact’s 200+ in-person, virtual and hybrid events delivered record revenues 

  • Economist Intelligence’s revenue grew by 14%, driven by improved sales of new subscriptions and a 95% EIU subscriber retention rate 

  • In its second year, Economist Education expanded its executive-education course offerings and doubled its student enrollment

  • The Group’s annual greenhouse-gas emissions have reduced 20% since base year 2020

Previous Results

AGM and shareholder calls

Date Event
Oct 31st 2023 Shareholder call
Mar 14th 2023 Shareholder call

For access to shareholder calls, email us.

UK Pension Plan