Proactive Investors - Run By Investors For Investors

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.

View full FUTR profile View Profile

Future PLC Timeline

Related Articles

books
May 22 2019
Here we take a closer look at Bloomsbury Publishing PLC (LON:BMY)
Augmented Reality on phone
March 21 2019
The firm currently has around nine companies in its portfolio that are either direct investments or through its sub-fund, Suir Valley Ventures, in which it holds a 22% stake
clapperboard
July 03 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use