Annual Accounts 2023

In 2023, Indigo Publications recorded its 21^th consecutive year of growth and net profit.

Thanks to a significant surge in our readership, our turnover continued to grow in 2023, reaching €8,8m, which represents an increase of +16% (+17% in 2022).

Following a period of active recruitment, our operating costs increased by 22% (34% in 2021).

As of 31 March 2024, Indigo Publications employs 95 permanent members of staff, including 64 editorial staff, and 31 in other departments (sales, marketing/communications, IT, management). Our editorial team also works with a growing network of over 150 freelance reporters and correspondents around the world.

Indigo Publications received a subsidy in 2023 from the French Ministry of Culture designed to promote media plurality. The subsidy is allocated to digital press outlets that provide recognised general or political news services. It is calculated according to the size of the outlet’s editorial team, and its purpose is to “encourage the development of editorial activities,” “allow access to a quality press” and foster “a plurality of ideas”.

The subsidy amounted to €378k and was categorised as operating revenue.

This year, the company’s operating profit reached €367k (€990k in 2022).

Since 2009, Indigo Publications has maintained a profit-share plan, allowing employees to benefit from the company’s results. A total of €62,000 was paid out for 2023. In addition to this plan, the company also operates an employee shareholding programme.

The first quarter of 2024 has shown a solid growth in subscriptions. Consequently, Indigo Publications expects its turnover to increase by 10 to 15% in 2024.