GB News investors inject additional funds as the news channel records a £22m loss

GB News Receives Fresh Investment Amid Ongoing Losses

GB News, whose on-air personalities include Nigel Farage and Sir Jacob Rees-Mogg, has secured additional funding from its investors following a reported loss of £22 million.

All Perspectives, the parent company of GB News and backed by billionaire hedge fund manager Sir Paul Marshall, injected £17.7 million in new capital for the financial year ending May 2025.

With this latest investment, the total financial support for the channel—which was launched to provide an alternative to the BBC and Sky News—has reached £141 million.

The broadcaster claims it is progressing towards its goal of becoming the UK’s leading news channel by 2028.

Revenue Growth and Audience Expansion

GB News reported a 58% increase in annual revenue, rising from £16.6 million to £26.2 million. This growth was largely attributed to a surge in advertising income as the channel’s television audience expanded.

• Monthly TV viewership increased from 3.1 million to 3.7 million.
• Weekly radio listeners grew from 517,800 to 547,300.

The company managed to reduce its losses, which dropped from £32.7 million the previous year to £22 million.

Financial Restructuring

All Perspectives raised £29 million in new debt during the year, causing its total debt to climb from £10 million to £40 million. This debt has since been converted into equity notes, which will eventually become company shares. The parent company reported a £30 million loss, factoring in financing expenses.

Company Outlook

A GB News spokesperson stated, “The directors are optimistic about the group’s future and remain committed to our ambition of becoming the UK’s largest news channel by 2028.”

The company highlighted that its revenue growth was “driven by substantial gains in audience share across both television and radio, along with ongoing expansion of our digital platforms.”

“This momentum has directly fueled strong increases in advertising, digital, sponsorship, and radio revenues,” the spokesperson added. “GB News and its parent company continue to focus on growing our audience and upholding a commitment to bold, independent journalism that serves communities throughout the UK.”

According to a source familiar with the company, investors remain supportive, and GB News is moving closer to achieving profitability.

Recent Developments and Regulatory Challenges

In July, GB News surpassed both the BBC News channel and Sky News in viewership for the first time and has recently expanded its reach into the United States.

In 2024, the broadcaster was fined £100,000 by Ofcom for breaching impartiality guidelines during a programme featuring then-Prime Minister Rishi Sunak.

However, last year, GB News won a High Court case against Ofcom, overturning a previous ruling that a show featuring Sir Jacob Rees-Mogg had violated broadcasting standards.

Ofcom has also abandoned a proposal to ban sitting Members of Parliament from working as television presenters, a move GB News had strongly opposed.