Guardian Media Group has published its 2025/26 statutory accounts, reporting total revenues of £282m — the highest ever for the Guardian’s news operations. Digital reader revenue grew 17% to £126m, while US revenues rose 15% to £64m.
Record revenue and international growth
Total revenue increased 2% (£6m) to £282m, up from £276m in 2024/25. Revenue generated outside the UK grew 8% (£9m) to £115m, compared with £106m in 2024/25, and now accounts for 41% of overall revenue, up from 38%.
The growth was driven by strong performance in the US, where the Guardian now has more than 500,000 recurring supporters. During the year, the Guardian invested in video and audio journalism alongside US journalism to further expand reach and impact.
Digital supporter growth
A decade after the Guardian began testing a global voluntary contributions model, funding from audiences continues to grow. Digital reader revenues increased by 17% to £126m, up from £107m in 2024/25. The number of digital recurring supporters rose by more than 116,000 to 1.4m.
Adjusted cash outflow for the operating business decreased to £17m, down from £24m in 2024, reflecting revenue growth, careful cost management, and investment to support long-term sustainability.
Leadership comments
Guardian Media Group chief executive Anna Bateson said: “This year we have continued to make strong progress against our strategy, growing our digital reader revenues and our international revenues and reach. We are intent on making further investments to maximise the reach and impact of Guardian journalism around the world and ensuring our business remains financially sustainable for the long term.”
Guardian editor-in-chief Katharine Viner said: “In the decade since we began directly asking our digital audience to fund our journalism, we’ve witnessed an incredible transformation. The fact that more than 1.4 million people have chosen to support Guardian journalism financially shows that many believe in our mission, our independence, and our reporting.”
Guardian Media Group chair Charles Gurassa said: “These are an encouraging set of results validating our voluntary supporter, global strategy, and underlining the importance of our commitment to independent and impartial journalism and our willingness to speak truth to power. We will continue to invest in high-quality journalism and the technical capability to reach audiences anywhere in the world looking for reliable news and information they can trust.”
