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Unit 6 The Enterprise Centre
Kelvin Lane, Crawley,
RH10 9PE

24th November 2016

Future boosts operating profits

Despite operating profits increasing, magazine revenue has declined.

Future publishes over 50 print titles, websites, and apps including PC Gamer, SFX and Total Film.

In the year to September 2016, operating profits rose by 188% from £0.8M to £2.3M.

E-commerce revenues alone were up by 187% year on year for the publisher.

PC Gamer recorded revenue growth of 43%, while reported growth of 49% year on year.

Despite this, magazine revenue fell from £38.9M to £35.1M, while total revenue fell by £0.8M to £59M.

Zillah Byng-Thorne, chief executive of Future, said: “Our strategy to create a leading global specialist media platform with data at its heart, monetised through diversified revenue streams, has delivered extremely positive results with Media division revenue growth of 14 per cent year-on-year.

“We focus on content that connects with our substantial and growing audience base and monetise their needs through increasingly diversified revenue streams, which include e-commerce, event sponsorship, digital advertising, licensing, content publishing, subscriptions, newstrade sales and event ticketing.

“We are also taking advantage of the fragmented print market and have substantially increased our scale and sector coverage with a number of acquisitions – most notably Imagine Publishing in October 2016. Imagine transforms the scale of the business and brings significant operational synergies and cash generation opportunities.”

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