Leading global digital publisher Axel Springer has released its half-year financial results with significant earnings growth in the classifieds ad models and paid models. As a result of this, the business is increasing its earnings forecast for the full year.
The company's CEO Dr Mathias Döpfner says Axel Springer's investments in both its classifieds ad model and its Paid Model have contributed to the company's growth during the first half of the year.
“Our investments, especially those in the international digital business, are paying off. In particular, the continued excellent development in the Classified Ad Models demonstrates this," Döpfner said.
"The Paid Models have also experienced two strong quarters, owing to the sustained growth momentum of BUSINESS INSIDER and the best-marketed ‘BILD für Alle’ thus far, which was produced on the occasion of the 65th anniversary.”
Revenue increases in all operating segments
Following a strong start to the year, the Paid Models segment, which is comprised of products mainly paid by readers, such as magazines including Bild and Rolling Stone further accelerated the company's positive trend during the second quarter.
According to its company press release, following the positive half year results Axel Springer has decided to increase its earnings forecast for the full year.