Reach Plc Optimistic Despite Revenue Dips

Reach Plc (GB:RCH) has released an update.

Reach Plc reports a decline in both digital and print revenues in Q1 2024 but remains confident in meeting full-year expectations due to robust trading conditions and a strong performance in data-driven revenues. The company’s Customer Value Strategy continues to grow, now accounting for 45% of digital revenues, while cost-saving measures are on track to reduce operating costs by 5-6%. Despite challenges such as reduced traffic from major platforms, strategic initiatives and upcoming events like the European Football Championships and the Olympics are expected to bolster interest and performance.

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