Profits at Times Media, publisher of The Times and The Sunday Times, doubled in 2022 as the group added 70,000 digital-only subscribers.
Pre-tax profits rose by 115 per cent to £73.2 million in the 12 months to July 3, up from £34 million the year before. Operating profit rose to £73.2 million, up from £36.3 million. Revenue for the period rose to £373.4 million, up from £327.1 million the year before.
“The future for The Times and Sunday Times remains strong with a continuing commitment to the delivery of high-quality journalism and incisive commentary. We are committed to exposing The Times and Sunday Times journalism and unique storytelling capabilities to new audiences in new, compelling formats,” the directors said.
The number of digital-only subscribers increased
