RelX corporation’s STM division, where the for-profit journal giant and data management massif sits increased its revenue by £60m to £2.9bn (A$5.1bn)

That’s a  headline hike of 10 per cent on 2021, or 4 per cent in constant currencies.

Why the spondulicks were less elusive
Growth in database, electronic reference and related (45 per cent of STM division revenue) was “driven by content development and high value analytics and decision tools.”

And in research publishing (another 45 per cent) growth came from “higher volumes of articles submitted and published, with pay-to-publish open access articles growing particularly strongly. “

More to come

For 2023 the company expects underlying revenue growth to “continue above historic trends” and operating profit to grow slightly ahead of that