Annual revenues up by 13% to £255.8m, aided by increased contributions from online readers
The Guardian’s parent company has recorded its strongest financial results since 2008, aided by more contributions from online readers and increased income from its international operations.
Keith Underwood, the interim chief executive, said: “Strong revenue growth and our best cash performance in decades have firmly established a sustainable platform from which we can make strategic investments to grow the Guardian’s global reach, impact and revenue. The Scott Trust has historically given Guardian Media Group access to a cash injection of up to £30m a year. The latest financial accounts, which cover the 12 months to April 2022, show that Guardian Media Group performed so well it instead produced a cash surplus of £6.7m.
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