Page 1

Reach 13 October 2026 Reach plc ( the " Group " ) Q3 Trading update for the 3 - month period to 30 September 2026 On track to deliver market expectations Digital revenue¹ Direct revenue - Indirect revenue Print revenue - Circulation revenue Advertising revenue Q3 YOY % ( 20.3 ) 9 months YOY % ( 14.5 ) ( 5.5 ) ( 4.5 ) ( 29.7 ) ( 20.9 ) ( 12.0 ) ( 9.5 ) ( 10.9 ) ( 8.1 ) ( 7.8 ) ( 10.0 ) ( 14.1 ) ( 10.8 ) Group revenue Q3 digital trading continues to see the impact of ongoing industry - wide disruption in referrals , primarily from Google . Indirect revenues were impacted by the lower on - platform audience , partially mitigated by improved revenue growth off - platform . Off - platform revenues include Al licensing , supported by a recently secured agreement with a major tech platform . Looking ahead , we are executing our strategic priorities to counter these headwinds and build a more sustainable business . These include reinforcing our well - known brands , monetising our high - quality video content , and diversifying our revenue streams away from traditional on - platform advertising . Print revenue decreased with circulation volumes in line with levels reported in Q2 . Print advertising performed strongly , boosted by the FIFA World Cup . Group restructure During the period we launched a restructuring of the Group and expect full year operational cost savings to exceed the 10 % delivered across the first half of the year . Total cash restructuring costs for the full year , including those relating to the print site closures , are estimated to be between £ 35-40m . Outlook The Group maintains its cautious outlook for digital revenues and remains on track to deliver in line with market expectations for the full year.² Piers North , Chief Executive : " We are making strategic progress in an evolving digital landscape with a focus on original content , distinctive brands , and revenue diversification . We will continue to maintain strict financial discipline until pension deficit payments end in 2028. " Notes : 1 2 Direct revenues : Advertising or commercial revenues that are generated from direct engagement with the advertiser , agency or consumer . Indirect revenues : Advertising or commercial revenues that are generated indirectly such as revenue on social platforms ( off - platform ) or programmatically on owned and operated websites ( on - platform ) . Market expectations compiled by the Company are an average of analyst published forecasts - consensus adjusted operating profit for FY26 £ 95.1m . 3 Reach plc full year results will be reported Tuesday 2 March 2027 . Enquiries Reach Piers North , Chief Executive Officer Darren Fisher , Chief Financial Officer Lija Kresowaty , Director of Communications Jo Britten , Investor Relations communications@reachplc.com +44 ( 0 ) 7557 557447