Updates

Reach

June 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Reach’s Q1 update serves as a reminder that the digital publisher playbook has evolved. There continues to be huge ongoing disruption in search and referral volumes, mainly stemming from Google and AI. This has continued to weigh heavily on on-platform traffic and indirect revenues throughout the quarter. Consequently, group revenue declined 6.9% year-on-year, driven by an 8.1% drop in digital revenue and a 6.6% decline in print. To use military jargon, Reach is navigating the current snafu better than some of its peers through aggressive cost management and strategic experimentation (namely growing off-platform audiences, expanding video content, and scaling premium subscriptions). As a result, the company remains on track to m ...

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Gear4music

Mpac

Reach (September 2026)

Reach (April 2026)

Reach (February 2026)

Reach (November 2025)

Reach (August 2025)

Reach (April 2025)

Reach - Trading ahead of expectations (February 2025)

Reach - Deutsche sets 190p target (November 2024)

Reach - Q2 Digital revenues back in growth (September 2024)

Reach (June 2024)

Reach (April 2024)

Reach - Publishers to benefit from Google Chrome cookie removal (November 2023)

Reach - Material cost programme benefits to come (August 2023)

Reach - H2 looks more promising (April 2023)

Reach (February 2023)

Reach - Singer sets 295p share price target (November 2022)

Reach - H2 should see improvement; PE of 3.2 (August 2022)

Reach - Deep Value in a FIFA World Cup year (June 2022)

Reach Prospective - PE of 4.3 (March 2022)

Reach - Digital continues to accelerate (December 2021)

Reach - Shares soar £1 over the month (August 2021)

Reach - Profit forecast upgraded by £5m this year and next (June 2021)

Reach - Highest operating margin for six years - value unlock coming (April 2021)

Reach - I expect it to be in the running for FTSE-250 soon enough (February 2021)

Reach - Q3 benefits from sharp revenue recovery and transformation programme (November 2020)

Reach (October 2020)

Reach (May 2020)

Reach - Results beat expectations (March 2020)

Reach - Accelerates digital transformation (February 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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