paidContent.org - The Economics of Content

Current Story

Earnings: FT.com Subs Up 13 Percent, Ad Outlook Uncertain

By Robert Andrews - Mon 03 Mar 2008 02:35 AM PST

FT added 13 percent more digital subscribers in 2007, taking it up to 101,000. In the year it remodeled its subs strategy to let out more free stories but keep a premium lid on the offering, monthly unique users went up 30 percent to 5.7 million; page views up a third to 48.2 million. The stats suggest FT.com has found more new customers following the move - but not at the same rate it’s attracted users of the free stories as a whole.

It did, however, get 150,000 new user registrations since the switch in October - data that can be used for demographic ad targeting. Newspaper circs were up two percent to 440,000 in the second half of the year and there were 19 percent more print subscriptions.

FT Group profits grew 30 percent to £153 million ($303.9 million) in 2007, helping Pearson’s (NYSE: PSO) adjusted operating profit up 14 percent to £634 million. Digital services made up 63 percent of the group’s revenue (£426.56 million, $847 million) - that’s up from 28 percent back in 2000. Pearson boasted it had increased its digital and subscription efforts while reducing reliance on print advertising. Indeed, advertising made up only 30 percent of FT revs - down from 52 percent in 2000 - “but future advertising trends remain difficult to predict”. FT Group did revenue of £688 million ($1.36 billion) - up 12 percent on last year.

Pearson’s Penguin and DK book publishers saw 34 percent more subscriptions to opt-in newsletter, taking it to 150,000 addresses. In the earnings call, CEO Marjorie Scardino said she wanted to: “Push our boat out in to this digital, 21st Century river.” She expects 2008 growth in the US schools market of three to four percent despite budget tightening by some states.

Financials | Webcast | Slides | Release

Posted in: Companies, FT.com, Countries, UK & Europe, Money, Earnings



Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

FOBM Conference - Oct 28 | Edison Ballroom | NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters