Revenue at Irish Independent owner Mediahuis remains stable as subscriptions offset print declines

Company said the increasing numbers of subscribers, along with 'adjustments to subscription prices', offset cost increases in other areas

Gert Ysebaert, chief executive of Mediahuis Group, said 2024 was a 'year full of challenges' for the media sector.

Mediahuis, the Belgium media company which owns the Irish Independent and Sunday Independent, saw revenue and profit remain stable during last year, as digital subscription growth offset a decline in print, advertising revenue and labour cost increases.

The company, which operates media titles in Belgium, the Netherlands, Ireland, Luxembourg and the German region of North Rhine-Westphalia, generated revenue of €1.236bn during 2024 — a 0.5% increase year-on-year — while operating profit dropped 1.3% to €151m.