The Guardian Australia doubled profits in 2024
The Guardian Australia has managed to double its profits during an advertising downturn, proving the resilience of its mixed financial model.
GNM Australia Pty Ltd, the Australian subsidiary of Guardian News & Media, cleared a $1.27 million profit during FY24, more than double the $619,492 profit posted in FY23. The publication took $40 million in revenue, up 4.7%, from $37 million the prior year.
This is according to documents filed with ASIC, first reported by Campaign Brief.
