May 18, 2023

Future announces Interim Results for 2023

The global platform for specialist media, Future, has today announced its Interim Results for Half Year (HY) 2023.

Highlights include:

  • Revenue of £404.7m; Adjusted Operating Profit (AOP) of £130.3m; and AOP margin of 32%
  • Maintained or improved leadership positions within key Comscore categories such as maintaining #1 position in News – Technology in the US and UK, entering 7th position in the Lifestyle – Fashion & Beauty category in the US and 4th in the UK, and improving to 4th position in Lifestyle – Homes category in the US and remaining #1 in the UK
  • Further diversified our audience with, 10 million unduplicated users on Apple News, 15 million email subscribers (10 million in HY 2022), and social media followers up to over 180 million.

Jon Steinberg, Future’s Chief Executive, said: 

”I am excited to have joined Future and by the significant opportunity to build on the unique position it has in the digital media landscape. 

“In my first six weeks I have been extremely impressed with the depth of talent and energy throughout the organisation and, looking ahead, my priorities will be to further enhance our brand leadership positions, continue to diversify and grow our monetisation opportunities, and maximise value for all our stakeholders.

“The macroeconomic environment remains tough, but we are well positioned to continue to outperform the industry. Our investment in new strategic verticals coupled with the Group’s tech stack and operating model, will create long-term value for our stakeholders.”

Read more in our Investor Section.