A Memo from CEO Roger Lynch: Brand and Technology Updates

Dear all,

I'm writing to share a set of decisions about parts of our portfolio and organization as we position the company for continued growth.

Our overall business is healthy and doing well. We ended 2025 with revenue growth and a fourth year of profitability growth since 2020. This momentum has carried over into the start of the year and Q1 exceeded both our revenue and profitability budgets. To continue this performance, we have to remain disciplined about where we invest our time and resources.

With that in mind, we are taking another step to advance the strategy outlined in my February memo, with planned changes to Glamour, SELF, and WIRED in Italy. Taken together, WIRED in Italy, SELF, and the affected Glamour markets represent a little over 1% of our overall revenue. They also remain unprofitable, and continuing to operate them in their current form limits our ability to invest in the ideas and areas that will drive future growth.

For Glamour, we will concentrate our efforts in the US and UK, where we see the strongest opportunities. As part of this new strategy, we will focus on fashion and beauty recommendations, and prioritize social, video, commerce, and licensing opportunities. To do this, our teams in those markets will be reorganized. We are also developing a plan to wind down the Glamour publishing operations in Germany, Spain and Mexico. Glamour continues to be published by license in Brazil, Bulgaria, Hungary, Poland, South Africa, and soon, Australia.

SELF has played an important role in shaping conversations around health and wellness. However, as audience behaviors shift, we have not seen a path for SELF to continue in its current form as a digital publication. Going forward, health and wellness content will be integrated into our other brands, including Allure and Glamour.

For WIRED in Italy, we are also planning to transition away from publishing. While WIRED remains a strong global brand, the Italian edition has not kept pace with growth in our other markets, including the US, UK, Middle East, Japan and Mexico. WIRED Consulting and live events will continue across Europe, primarily managed by the WIRED team in the UK.

We are also making changes within our Technology organization, reflecting the rapid advancement of AI and its impact on our ability to innovate and build products faster. Teams will be restructured to be more agile and to work more closely with our brands and customers, reducing barriers to execution. Bangalore and Chennai will continue to be important hubs for this work.

None of these are easy decisions, nor are they a reflection of the quality of the work, or the commitment from our teams. These choices reflect how we are aligning both our brands and our technology organization to where we see the strongest opportunities ahead. We are grateful for the care, creativity and effort that have shaped this work over time.

For any changes going into effect today, the People Team will be reaching out to support our teams directly. Thank you for your continued focus, support and patience as we work through this transition.

Roger