Revenue growth to £62m for Mail Online largely offsets print decline

Mail Online has has reported revenue up 41 per cent year on year from £44m to £62m.

The increase helped offset a 5 per cent fall in revenue for the Daily Mail and Mail on Sunday print editions from £562m in 2013 to £536m for the year to 30 September.

Revenue for free daily newspaper Metro fell 3 per cent year on year to £75m.

Overall the media division of Daily Mail and General Trust, which also includes online businesses Wowcher and Evenbase, reported revenue flat year on year at £796m and operating profit up 19 per cent to £95m.

Parent company DMGT said: “The underlying increase in digital advertising revenues across the dmg media portfolio continued to exceed the ongoing decline in print advertising revenues, with total underlying advertising revenues increasing by 5 per cent.

“Overall underlying circulation revenues declined by 4 per cent, outperforming in a difficult market environment.”

Mail Online averaged some 12m global unique ‘browsers’ in October with 193m over the course of the month, according to ABC.

In October, the Daily Mail averaged 1.7m copies a day, down 5.3 per cent year on year. The Mail on Sunday averaged 1.5m copies per day, down 9 per cent year on year.

Metro had an average free distribution of 1.3m with a further 1.2m browsers per day online.

Read the DMGT annual results statement in full for the year to the end of September 2014 in full.

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