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Pearson reports increased revenue, as does its FT Group

Published on .

London—Pearson, owner of the Financial Times and a 50% stakeholder in The Economist, reported that its revenue increased 9% to $3.63 billion in the first half of this year compared with the year-earlier period. Adusted continuing operating profit increase 79% to $276 million.

The FT Group contributed $298 million in revenue, an increase of 9%. The group’s adjusted operating profit more than doubled to $47 million.

The FT’s digital subscriptions were up 27% to 149,000 and registered users were up 77% to 2.5 million, according to Pearson. The Economistincreased its circulation by 2.2% to 1.42 million.

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