Latest Results
Results for the 12 months ended March 31st 2024:
The Group’s revenue of £367.0m was down 3% compared with the prior year at actual exchange rates and was flat at constant currency
Operating profit was £47.4m, 12% higher than the prior year and 14% higher at constant currency. Operating expenses declined and a more stable US dollar exchange rate reduced the charge from foreign exchange
Subscriber numbers at The Economist were 1,220,000, a 3% increase over last year
Digital subscriptions for The Economist grew by 13%, accounting for 86% of new starts for the year
Economist Impact revenues decreased by 16% due to challenging market conditions which affected advertising and research sales
Economist Impact's 136 in-person, virtual and hybrid events attracted 35,000 attendees and 571 client sponsorships, delivering margin growth for a third consecutive year
Economist Intelligence’s revenue decreased by 3% at actual exchange rates but increased by 1% at constant currency. EIU subscription revenues increased strongly and were partially offset by a reduction in consulting revenue from Clearstate
In its third year, Economist Education further expanded its executive-education course offerings and saw enrollment increase to over 2000 students from more than 100 countries
The Group’s annual greenhouse-gas emissions have decreased 30% since base year 2020
Results for the six months ended September 30th 2023:
Half-year revenue for the Group was £178.7m
Revenue was 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
Previous Results
AGM and shareholder calls
Date | Event |
---|---|
Jul 9th 2024 | AGM |
Sep 2024 | Shareholder call (date tbc) |
Dec 2024 | Shareholder call (date tbc) |
Mar 2025 | Shareholder call (date tbc) |
For access to shareholder calls, email us.