DC Thomson: Stylist and The Beano publisher recovers from £161m loss
DC Thomson, the publishing group behind the likes of Stylist, Press & Journal and The Beano, has surged back into profit and recovering from a £161m loss.
The Dundee-headquartered business has jumped to a pre-tax profit of £93.8m for the year to 31 March, 2024, according to newly-filed accounts with Companies House.
The results also show that its revenue dipped from £161.4m to £153.8m over the same 12-month period.
DC Thomson was founded in 1905 and also publishes The Sunday Post and The Dandy.
During the year the company’s headcount reduced from 1,603 to 1,314.
A statement signed off by the board said: “Demand was adversely affected by pressure on UK consumers’ real disposable income and consumer confidence.
“As a result, we have continued the theme of efficiency in trading operations through staff changes and training programs.
“This involves the use of technical solutions and the use of artificial intelligence tools as they develop.
“This however is done with a look to the culture of our business, which will always prioritise quality journalism and content creation.
“Our transformation journey is showing momentum, and it is understood that it will take time and investment.
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