Revenue at DC Thomson was slightly down last year but digital news subscriptions saw a “strong increase”, the Press & Journal, Stylist and Beano publisher has said.

Recurring trading revenue at DC Thomson was down 6% to £134.5m in the year to 31 March 2024, attributed to the closures of holiday booking platform Bunkered Golf Breaks, Scottish radio station Pure Radio “and several magazine titles that were approaching the end of their commercial life”. But like-for-like revenues (from continuing businesses) were down £1m.

DC Thomson also saw a recovery in profit after a year in which a fall in the unrealised value of its financial investments led to a pre-tax loss of £161.5m. In the year to March 2024, it was back into pre-tax profits of £93.8m of which £92m was attributed to its financial assets, leaving £1.8m in profit from the core businesses.