Time Out

Time Out was born in London in 1968 (it’s our 55th birthday!) to inspire and enable people to experience the best of the city. Today, that mission continues in 333 cities and 59 countries.

The past 12 months were a banner year for Time Out: we completed our transition from print to a digital-first multi-platform media brand which together with our curated content continues to attract a growing global audience and key advertisers.

Our new digital-first strategy is working: our content is as inspiring as ever across digital platforms, we are creating big campaigns for great brands, our global monthly brand audience increased to over 73m, and Time Out Media growth has exceeded our expectations. In the six months from 1 July to 31 December 2022 (first half of our financial year), Time Out Media saw significant growth with net revenue up 43% to £18.4m and within that digital advertising revenue was up 65% to £14.7m. In that period, Time Out Media delivered positive Adjusted EBITDA of £2.1m (up 135%).

Needless to say, the pandemic was a challenge. In 2020 we pivoted to Time In to stay relevant. Once the world started to open up, it was crucial to be top of mind for people going out again. We achieved that by doubling down on new audiences, with a stronger emphasis on social and video storytelling at the same time as we made the strategic decision to retire our magazine in London: a moment of intense, successful innovation for us.