Insider UK: our 15 June 2023 newsletter

Hello and welcome back to Insider - your one-stop shop for everything Independent Advertising.

A huge week for The Independent! We’re delighted to be able to share three great pieces of news about The Independent – and to thank you, our partners, for contributing to our success and sharing our vision.

Independent results

The Independent is pleased to record revenue with double-digit growth for the past financial year ending September 2022, making it the sixth consecutive year of profitable growth since going fully digital. The results reflect the impact of the business’ strategic focus on investing in the areas of international expansion, eCommerce and TV.


  • Another year of record revenue growth of 12% to £46.3m (FY20/21: £41.2m), the sixth consecutive year of profitable growth since going fully digital.
  • Operating Profit of £1.9m (FY20/21: £5.5m), as The Independent strategically invested in its key business pillars – international expansion, TV, Reader Revenues and eCommerce – along with on-the-ground reporting and documentary production from Ukraine.
  • 127% increase in revenues for the award-winning Solutions business, Independent Ignite.
  • 44% increase in revenue from eCommerce as the IndyBest platform continues to expand, driven by new, bigger commercial partnerships.
  • 52% increase in revenue from IndependentTV through owned and operated channels, as Connected TV presence expands, and total viewers hit 73 million.
  • 57.7% increase in registered users, climbing to 5m currently, with the Company’s increased emphasis on engagement and Reader Revenues.
  • As part of this, there was a 17% growth in licensing and syndication revenues, with a particular focus on the US.
  • The US editorial team increased by 50% as investment in quality journalism continued.
  • Latest US ComScore figures show The Independent added 10.8m US readers over the past year, up 52%, and is the fastest growing US news brand (both YoY and MoM).
  • Following the appointment of Editor-in-Chief, Geordie Greig in January, Tristan Davies, Editorial Director, and the promotion of Chloe Hubbard to Deputy Editor, the UK newsroom has been bolstered with the appointment of Gordon Thomson, ex-DMGT, as Premium Editor to oversee exclusive, paid-for content.
  • The Independent was regularly cited as the largest quality digital news brand in the UK (21.0m average Unique Visitors in April 2023), and a top 10 brand in the US.


Read more here.

The Drum Awards for Online Media: The Independent is Brand of the Year!

The Drum Awards for Online Media took place on Wednesday, celebrating the best in journalism and online publishing.

And we are thrilled to say that The Independent picked up the big prize of the night: Brand of the Year. Open to all consumer and trade titles, the jury assessed the strength of the brand, and performance across The Independent site, app, social channels, live events, marketing and video.

The Highly Commended award for Publisher of the Year also went to The Independent, with Ignite a finalist in the Branded Content Team of the Year and Commercial Campaign of the Year categories.

More info here!

The AOP Digital Publishing Awards: another win!

The Independent is proud to be the winner of the Best Diversification of Commercial Strategy gong at the AOP Digital Publishing Awards 2023, recognising the industry-leading work of its licensing and syndication division.

The award reflects the growth of non-advertising revenues for digital publishers and the innovative approaches that publishers are taking to create new commercial opportunities.

On the win, the AOP Digital Publishing Awards statement reads: “The jury was impressed with the innovative use of The Independent’s archive assets with Netflix and – and they enjoyed the team’s foray into new territories and languages with their editorial coverage.”

Please see here for the full story.

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