Pearson reports profits rise

Financial Times 2Pearson, the owner of the Financial Times, has reported positive results for 2007 driven by growth in its digital and subscription revenue at the FT. It has exceeded analysts’ expectations by announcing a 9% increase in pre-tax profits to £549 for the year.

The publisher says that every part of the business, which also includes an educational publisher, returned sales leading to a 4% increase in revenue to £4.218bn and a 14% rise in group operating profits to £634m.

It says that it expects the FT Group, which includes its data arm, Interactive Data, to continue its profit growth, with sales up 12% and profits up 85% in 2007. The division has reduced its reliance on advertising revenue due to an increase in digital and subscription trends. It has seen revenue from digital services grow from 28% of its group revenue to 63% last year. Revenue from advertising has fallen to 30% from 52% over the same period.

While the company expects ad revenue will continue to grow for FT Publishing at the beginning of this year, it says the rest of the year remains difficult to predict.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here