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Future’s looking bright as publishing group sees jump in audience numbers

The online and magazine publisher expects full-year results to be “significantly ahead” of expects as trading continues to outperform

fourfourtwo magazine cover
Future publishes the popular football magazine, FourFourTwo

Future PLC (LON:FUTR) expects its full-year results to be “significantly ahead” of market expectations as the strong trading it saw in its first quarter has continued into the second.

The news sent shares in the company, which is behind sites such as TechRadar and Gizmodo and which publishes the official PlayStation and Xbox gaming magazines, up by 12.5% to 641.2p.

Over the past year, the stock has more than doubled as Future has continually outperformed expectations and restarted dividend payments to shareholders.

READ: World Cup to boost Future’s earnings

Future said today that it has seen a “positive performance” in audience numbers within the media side of the business.

The growth in popularity has allowed the firm to rake in more from e-commerce and digital display advertising over the first four months of its financial year.

“Whilst a great deal of uncertainty remains from the macro-economic environment in terms of H2 outcome, the strong trading in the first four months of the financial year means that the Board now expects the outcome for the full year to be significantly ahead of market expectations,” read a short but sweet trading update on Tuesday.

Quick facts: Future PLC

Price: 1362 GBX

LSE:FUTR
Market: LSE
Market Cap: £1.33 billion
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