logo-loader
viewFuture PLC

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: 1501.3068 GBX

LSE:FUTR
Market: LSE
Market Cap: £1.47 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Learning Technologies surges as it raises full-year guidance

Learning Technologies Group (LON:LTG) Jonathan Satchell talks Proactive London through it's remarkable delivery of organic revenue growth on a constant currency basis in both the Software & Platform and Content & Services divisions. And what a difference a year makes...2020 sees LTG...

18 hours, 8 minutes ago

RNS

EBT Share Purchase

2 weeks, 1 day ago

EBT Share Purchase

2 weeks, 2 days ago

Block listing Interim Review

2 weeks, 6 days ago

Total Voting Rights

2 weeks, 6 days ago

EBT Share Purchase

3 weeks, 2 days ago

EBT Share Purchase

4 weeks, 1 day ago

2 min read