Reach PLC (LSE:RCH) shares rose 5% to 57p after the Mirror, Express and regional publisher said it expects to report profits ahead of market expectations for 2025, helped by a resilient print performance and continued cost control.
Shares in the newspaper publisher had fallen almost 40% last year, approaching lows not seen since 2012.
In a brief trading update on Tuesday, Reach said full-year digital revenues are expected to be down 1% on the previous year’s £130 million.
It blamed reduced referral traffic from Google and weak macroeconomic conditions, issues it had already flagged at the third-quarter stage.
Chief executive Piers North said: "During the period we made significant strategic progress, notably launching digital subscriptions, expanding video output and growing our off-platform audiences. We look forward to the year ahead and thank our teams for their efforts in delivering this year's results."
Full-year results are due on 3 March.