Future PLC has backed guidance for the year despite ongoing challenges across the UK advertising market and a slowdown in its Go.Compare business.
Trading was as expected in the four months to January 31, the FTSE 250-listed publisher said on Wednesday.
Improvement continued in the US digital advertising and e-commerce sectors, as its magazine division also remained resilient.
Challenges persisted in UK advertising though, while a slowdown in the car insurance switching market was said to have hit Go.Compare after a “standout” 2024.
Business-to-business operations were also mixed, including on softness in enterprise technology.
“We have continued the diversification into other categories such as home insurance which are delivering good growth,” said the publisher of titles including Marie Claire, The Week, Tech Radar and Guitar World.
Future added it remained on track to hit market expectations despite mixed conditions for revenue of £776.9 million and adjusted operating profit of £217.8 million for the full year.