guardian

Guardian financial results: £173m pre-tax loss

The Guardian and Observer publisher had hoped that digital income would exceed print for the first time in the year to the end of March 2016 and had previously budgeted for a figure in excess of £100m for this period.

But instead digital income has declined from £83.8m in the year to March 2015 to £81.9m, figures released today show. Overall revenue fell from £217.5m in 2015 to £209.5m for the last year.

Guardian and Observer print revenue declined from £132.6m in 2015 to £126.3m. It is now more than five years since The Guardian declared it was going “digital first”. It now plans to break even in three years. Good luck with that.

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