Future PLC looks bright and eyes higher profits from digital advertising
The acquisition of price comparison website GoCompare is delivering the expected 'synergies'
Company
Future PLC
LON:FUTR
Future plc was founded in 1985 with one magazine, but now has operations in the UK, US and Australia creating over 180 special-interest publications, websites and events with a strong market position in games, film, music, technology, cycling, automotive and crafts. Future is traded in the ISDX Exchange HERE
138 stories · page 4 of 7
Archive
Mulberry Group in demand after it returns to profit
A look at the major movers on the London market on Wednesday
Future has plenty more to offer after exceptional interim results, says Berenberg
Analysts gave the target price a huge upgrade after half-year figures shattered expectations
Future profits double in record half-year results
The publishing group highlighted that its first half had come in ahead of market expectations, driven by strong growth in digital advertising and its ecommerce affiliates
Archive
Future results key news for mid-week, UK inflation in focus
Other firms reporting on Wednesday include credit rating firm Experian, real estate group Great Portland Estates and publican Marston's
Future acquires Marie Claire US
The magazine reached 17.5mln monthly online users in 2020 with revenue of US$19.1mln
Future says full-year profits to top market expectations
The specialist media group has continued to benefit from high levels of online engagement, especially during Black Friday and Christmas
Future says content now read by a third of people in US and UK
Media revenue growth of 23% offset the impact of COVID-19 on magazines revenue
Future shock: The path from a tiny computer games publisher to an ecommerce giant
A timeline of the publisher that today agreed the acquisition of price comparison site GoCompare for £594mln in cash and shares
Future falls after agreeing takeover of GoCompare owner GoCo Group
"Through the acquisition, we expect to create a leading offering for consumers, providing complementary insights that enable consumers to make informed choices in their passions, interests and key purchasing decisions," said Future boss Zil
Future adds to TV and film presence with CinemaBlend acquisition
"CinemaBlend is a great cultural fit for Future, producing content we are passionate about."
Future raises full-year profit forecast thanks to digital media shift
Adjusted operating profit for the year to September 30 is estimated to be “materially ahead” of current market expectations
Future expects full-year earnings to be at top end of expectations as pandemic boosts digital media audience
The FTSE 250 media and publishing group also said its integration of TI Media, which it acquired in October last year, was “progressing in line with expectations”
Future sees “exceptionally strong” first half as coronavirus accelerates audience growth
The publisher said the larger audience had helped to offset a “significant slowdown” in newstrade as travel stores closed down and three large events were cancelled in March
Future posts “strong” online audience numbers offsetting drop in digital advertising
The magazines publisher also announced the completion of the acquisition of TI Media
Future soars as cash keeps rolling in
Future said last month full-year results would be materially ahead of expectations. Since then, the odd event has been postponed but the company is still trading in line with raised expectations.
Future gets conditional go-ahead to acquire TI Media
The magazine publisher announced the £140mln acquisition in October
Future postpones events due to coronavirus but sees no profit impact
Future added the overall impact of coronavirus on the day-to-day business model was limited and headline audience numbers continue to be strong.
Future has "multiple years of revenue and profit growth" ahead, says Peel Hunt
Hedge fund ShadowFall recently accused the publisher of making a series of poor-quality acquisitions that had masked a weak organic growth rate
Future attacked by short-seller ShadowFall
The London-based hedge fund said the publisher was using acquisitions to mask organic growth rates much weaker than its trumpeted 11%