The global platform for specialist media

Future is a global platform for intent-led specialist media underpinned by proprietary technology and enabled by data, with diversified revenue streams. Our leadership position is delivered by strong, consistent organic growth and accelerated through acquisitions.

Intro to Future

Financial highlights

financial highlights

HALF YEAR

FULL YEAR

HY 2024

-3%

Revenue to £391.5m (HY 2023: £404.7m)

-19%

Adjusted operating profit of £105.8m (HY 2023: £130.3m)

-3%

Adjusted Free Cash Flow of £126.0m (HY 2023: £130.0m)

-5ppt

Adjusted operating profit margin of 27% (HY 2023: 32%)

-2%

Organic revenue growth (+6% average 18-24)

-20%

Adjusted diluted EPS of 57.2p (HY 2023: 72.1p)

The Future strategy

We connect audiences to their passions through the content we create, the innovative technology we pioneer and the engaging experiences we deliver. Our leadership position is underpinned by strong, consistent organic growth, accelerated through acquisitions, and supported by a strong monetisation strategy. At the heart of what we do are our purpose, values and culture.

Our strategy

Business model

Proprietary technology

Capital allocation

History of Acquisitions

Our business can be described through a simple equation of volume and price around which our strategy is articulated.

It is about driving more valuable audiences to our ecosystem (websites, newsletters, events, magazines) whilst increasing the revenue per user by selling more premium advertising inventory or a second route of monetisation through affiliate commissions, applied to over 200 brands in our portfolio and deployed to acquisitions – when acquiring is actionable.

Strategy is easy, execution is what makes the difference. This is why our strategy is simple and communicated throughout the organisation to ensure alignment; as alignment drives flawless execution. We break down the strategy in steps. This is important because it ensures agility and the ability to pivot and double down on potential tailwinds whilst managing the potential headwinds. This enables us to prioritise to drive superior results.

In December 2023, we announced our Growth Acceleration Strategy or GAS like the fuel you put in your car, which is articulated around 3 objectives:

Reach valuable audiences
Optimise the portfolio
Diversify and grow revenue per user

The successful execution of GAS will translate into accelerating organic revenue growth whilst maintaining strong financial characteristics of healthy margins and strong cash generation.

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We maximise value for all our stakeholders

01
Audience - Our audiences value our expert content.
02
Customers - Our value proposition satisfies our customers thanks to our rich first-party data, our scale and our expertise.
03
Employees - It's the people in the boat that matter and success feels good are part of our values.
04
Shareholders - Successful execution of the strategy drives strong earnings performance.
05
Communities - We are part of the communities and we are keen to make a difference.