Storyful’s revenues continue to slide as media company’s losses reach €48m

The firm, owned by Rupert Murdoch’s News Corp, has reduced its headcount by more than a quarter in the past two years amid falling sales

Rupert Murdoch’s News Corp bought Storyful for €18 million in 2013, but the company has struggled to become profitable since then. Picture: Getty

Storyful, the Irish-founded social media news company owned by Rupert Murdoch’s News Corp, is nearing €50 million in losses despite laying off more than a quarter of its staff over the past two years.

Accounts filed by the company, which has offices in Dublin, London, New York, Los Angeles and Sydney, also show its revenues continued to slump in its 2021 financial year. Turnover at the company was €4.5 million in the period until last ...