Future diversifies its revenue streams
Future, an international media group and leading digital publisher, has moved towards diversifying its revenues as part of its data-led content strategy.
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Group revenue fell marginally to £59m for the year ended 30 September 2016 from £59.8m in 2015 reflecting growing new revenue streams and continued tight management of print.
The media division's revenue, which makes up 41% of overall revenue, was up 14% to £23.9m for the year ended 30 September 2016.
Revenue growth in core global brands techradar.com and PC Gamer were up 49% and 43%, respectively. It achieved a record number of online users at 53m in November 2015.
Magazine revenue was down to £35.1m from £38.9m reflecting the market’s structural decline.
Earnings before interest, tax, depreciation, amortisation, impairment of intangible assets and exceptional items (EBITDAE) increased 31% to £4.7m from £3.6m in 2015 reflecting changes in revenue mix and margin improvements.
Operating profit, pre-exceptional items up 188% to £2.3m reflecting operational gearing.
Operating cash inflow increased to £6.5m from an outflow of £2.3m in 2015.
Chief executive Zillah Byng-Thorne 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% year-on-year.”
The share price rose to 0.91% at 8.89p at the close on Wednesday.