Annual Accounts 2022

In 2022, Indigo Publications recorded its 20^th consecutive year of growth and net profit.

Thanks to a significant surge in our readership, our turnover continued to grow in 2022, reaching €7.6m, which represents an increase of +17% (+16% in 2021).

Following a period of active recruitment, our operating costs increased by 34% (20% in 2021).

As of 31 March 2023, Indigo Publications employs 83 permanent members of staff, including 58 editorial staff, and 25 in other departments (sales, marketing/communications, IT, management). 16 of those positions were created in the last year, building on the 20 created in 2021. Our editorial team also works with a growing network of over 120 freelance reporters and correspondents around the world.

For the very first time, Indigo Publications received a subsidy in 2022 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 €1.2m for the years 2021 and 2022. In our accounts, half was categorised as operating revenue and the other half as exceptional income.

This year, the company’s operating profit reached €990k (€1.23M in 2021).

Since 2009, Indigo Publications has maintained a profit-share plan, allowing employees to benefit from the company’s results. A total of €328,000 was paid out for 2022. In addition to this plan, the company also operates an employee shareholding programme.

The first quarter of 2023 has shown a solid growth in subscriptions. Consequently, Indigo Publications expects its turnover to increase by more than 20% in 2023.