• by Ray Schultz , December 16, 2022

Digital publishing revenue in the UK grew by 2.7% in Q3 YoY, for a total of  £153.5 million, according to the latest Digital Publishers’ Revenue Index from the Association of Online Publishers and Deloitte.

Display advertising revenue grew by 13.9% to £68.1 million. 

Recruitment classifieds grew by 21.4% and other classifieds by 27.3% YoY. And subscription revenue rose by 12.1%.  

Meanwhile, total digital revenue has increased by 6.6% to £632.1 million on a 12-month rolling basis. B2B revenue grew by 12.2% to £55.9 million in September 2022 on that same basis, driven by the growth of display formats, classifieds, and subscriptions. B2C revenue grew by 6.1% in September 2022.

Revenue from desktop devices fell by 16.9% to $15.1 million in Q3 YoY. And desktop-only display advertising declined by 6.6%.  But multi-platform consumption grew by 5.9% and mobile device usage by 15.7%. 

“The ongoing growth of the digital publishing market, despite increased strain on spending power, is a reflection of the tenacity of publishers and a strong online market,” states Dan Ison, lead partner for telecommunications, media and entertainment at Deloitte. 

Ison continues, “Recruitment classified channels remained the biggest performer this quarter as employers continued to use their digital platforms as a key tool to attract talent. Meanwhile, it is the sustained growth of display advertising and subscriptions that represents the fierce appetite for digital content. It is clear that consumers are still willing to pay for top-tier content, even with squeezed budgets, which paints a positive outlook for publishing.” 

The report is based on a survey of 12 UK digital publishers, eight specializing in B2C publishers and four in B2B.