GB News reports 40% jump in loss as audience numbers increaseBy August Graham, PA Business ReporterGB News’s losses ballooned by nearly 40 per cent last year as its owners continued to pour millions of pounds into the broadcaster. GB News said that its pre-tax loss had gone from £30.7 million (€35.9 million) in the year to the end of May 2022, to £42.4 million (€49.6 million) a year later. Despite almost doubling, the company’s revenue was still considerably lower than its losses, reaching £6.7 million (€7.8 million). In the company’s digital presence page views rose 431 per cent to 51.9 million, GB News said. Ad revenue rose 41.4 per cent to £4.2 million, with digital revenue increasing around fourfold to £2.2 million.

Source: Irish Independent March 05, 2024 16:47 UTC