Future PLC Expects Strong Performance for Fiscal 2023


By Elena Vardon

Future PLC, the platform for specialist media, announced that it expects its performance for fiscal 2023 to meet the board’s expectations. The company foresees adjusted operating profit for the year ending Sept. 30 to be around £254.1 million ($310.1 million), in line with estimates from analysts.

Despite a challenging market environment, Future remains optimistic about its outlook. Although trading conditions have been mixed due to constraints on consumer spending and the digital advertising market, the company has seen positive momentum in the second half of the year, particularly in the final quarter.

Future’s resilience is evident in its stable magazine revenue and continued growth in its advertising and affiliates products, which align with the trends observed in the first half of the fiscal year. With discerning consumers seeking value, Future’s price comparison website has experienced accelerated revenue growth in the second half due to favorable market volumes.

In summary, Future PLC is poised to deliver a strong performance in fiscal 2023, building on its previous year’s profit of £271.7 million. Despite the challenges in the market, Future’s ability to adapt and capitalize on its diverse portfolio reinforces its position in the specialized media sector.

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