Reach publishes transcript of H1 2026 results briefing

• Reach management held its Half Year Results 2026 presentation and Q&A, led by CEO Piers North with CFO Darren Fisher attending.
• H1 revenue fell 9% to 233 million; adjusted operating profit slipped 4% to 43 million; net debt stood at 48 million; interim dividend rebased to 1.4p.
• Digital revenue dropped 11% to 54 million as on-platform page views fell 40% on lower Google referrals; management reported stabilization in the last 100 days.
• Direct digital revenue fell 4%, hit by deliberate pullback from lower-margin local advertising; excluding local, direct revenue rose 6% as video and agency work increased.
• Subscriptions rolled out across 15 sites with more than 40,000 subscribers; management reiterated a 75,000 year-end target alongside growing AI licensing revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach plc published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.