Telegraph profits grow: Towards 1 million subs, Phase 2 emerging
1 June 2022
Buoyed by an impressive 49% growth in digital subscribers, and a refocus on reader revenues, the Telegraph's profits have rebounded to 2016 levels
With current momentum the Telegraph’s 1 million online subscription target looks on track, though doing so sustainably requires further cultural development
Beyond the 2023 target the Telegraph is designing its next phase of growth, and while M&A—and a sale to DMGT—are all possible, the immediate focus will be on growing journalism products that its audience (and potential audience) will pay for