Digital publishing revenues declined to £113.1m in Q2 2019, a 3.7% fall in comparison to Q2 2018, according to the latest Digital Publishers Revenue Index (DPRI), a quarterly report on UK publishing from the Association for Online Publishing (AOP) and Deloitte.
A 15% decrease in display advertising in Q2 2019 was almost entirely responsible for the negative growth. However, the fall in revenues was partially offset by online video and subscriptions, which saw increases of 20% and 14% respectively, in comparison to Q2 2018.
Richard Reeves, Managing Director, AOP, commented: “These are challenging times for the UK publishing industry and this is certainly reflected in the latest DPRI findings. Publishers across the board are looking to diversify their revenue sources and move away from solely relying on advertising revenue.”