Hearst Posts Record Profit, Citing Strength of Fitch Bond Agency

Hearst Communications Inc., the closely held media and services company, reported record profit for 2025, led by its bond-rating agency Fitch Group.

Revenue grew 3% to $13.5 billion last year and earnings for Fitch “far exceeded 2024,” Chief Executive Officer Steven Swartz said in an annual letter. Business media, including Fitch, now account for 60% of total profit, up from less than 10% 15 years ago.