Digital Growth Fuelled FT, Pearson Profit In 2010

Pearson’s digital revenue grew 24 percent to £1.6 ($2.57) billion through 2010, including…

— FT paid digital subs: +50 percent to 207,000

— Penguin ebook revenue: +182 percent (now six percent of revenue)
— A third more students using digital learning services (now 55 million)

Digital is now 29 percent of all Pearson (NYSE: PSO) revenue; group adjusted operating profit rose 15 percent to £857 ($1378.94) million.

FT Group operating profit rose 54 percent to £60 ($96.54) million, rose 10 percent to £106 ($170.55) million at Penguin and rose 13 percent to £691 ($1111.83) million in Pearson’s education businesses.

CEO Marjorie Scardino says the 2011 outlook is “healthy”.