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.

Recommended

Unmissable

Marketing Week

We really BELIEVE: Nothing is impossible. Because we know the industry constantly moves on and forward, our ideas do too. Thats why were the industrys top prize provider and why agencies with brands such as Coca Cola, RBS, Unilever, Sky, United Biscuits, Sony Ericsson come back to us again and again.

Chime’s 2012 Olympic win leaves competitors bemused

Marketing Week

More than a few eyebrows were raised when the London Organising Committee for the Olympic Games (Locog) announced the appointment of Chime Communications to handle the marketing communications for London 2012 (MW last week). UK-centric Chime beat WPP and Naked, now part of the Photon Group – both international communications groups, to handle Locog’s one-year […]

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    If you're an existing paid print subscriber find out how to get access here.

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

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

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now