The post Bond final offering circular appeared first on Future.

Overall Group performance in the first four months has been as expected with the Group on track to achieve market expectations for FY 2025. 

In B2C, the improvement we saw in US digital advertising and eCommerce in H2 2024 has continued, with both areas recording year-on-year growth, with broadly stable audience sessions performance. Magazines have remained more resilient, led by premium titles, whilst the UK advertising market continues to be challenging. After a standout FY 2024, performance of Go.Compare has moderated, reflecting the expected slow-down in the car insurance switching market. We have continued the diversification into other categories such as home insurance which are delivering good growth. The market in B2B remains mixed, with enterprise technology remaining soft whilst we have seen good progress in other verticals. 

Whilst continuing to make good progress executing its Growth Acceleration Strategy, the Group is also maintaining its strong financial characteristics with an attractive margin and strong cash generation. As part of our capital allocation policy, the £55m share buyback programme announced on 5 December 2024 is progressing well with just under £10m repurchased to date.

Link to full release here

The post Trading statement 5 Feb 2025 appeared first on Future.

Future plc announces the appointment of Kevin Li Ying as Chief Executive Officer. The appointment, which follows a thorough search process, will take effect from 31 March 2025 when Kevin will join the Board
of Future. Kevin joined Future over 20 years ago and has been a key contributor to the successful transformation of the company from a traditional print publisher into a leading global digital media platform of today. Kevin is currently EVP of B2C, the Group’s largest division. In this role he has had full responsibility for all B2C brands, editorial and revenue generation consisting of commercial advertising, ecommerce, subscriptions and newstrade revenue whilst ensuring technology and data are central to the B2C offer. Prior to this, Kevin was Chief Technology Officer, a position he held for 8 years.

RNS

The post CEO appointment appeared first on Future.

The post Future Full Year results 2024 appeared first on Future.

The post Directorate change appeared first on Future.

The post 2024 AGM – trading statement appeared first on Future.

The post Board change appeared first on Future.

Future plc

No material exposure to Silicon Valley Bank

Future plc (LSE: FUTR, “Future”, “the Group”), the global platform for specialist media, confirms that its exposure to Silicon Valley Bank (“SVB”) is immaterial to the Group’s liquidity position. 

As at 10 March 2023, cash deposits with SVB accounted for less than 3% of the Group’s cash on hand, equivalent to less than £1 million. SVB also provided £50 million of the Group’s £900 million total debt facilities. Of this £50 million, approximately 48% is currently drawn.

The Group, backed by a strong banking syndicate, has access to significant levels of liquidity. As at 10 March 2023, the Group had access to £26 million cash on hand and £438 million of undrawn committed facilities excluding SVB’s undrawn hold.

The post No material exposure to Silicon Valley Bank appeared first on Future.

The diversification of our revenue streams and content verticals, together with the operational leverage we generate from our platform effect, continues to deliver and as a result, we expect to
deliver full-year adjusted operating profit in-line with expectations. Overall revenue performance in the period has been broadly in-line with expectations reflecting the strength and diversity of the Group. The market slowdown in audience numbers and consumer spending seen towards the end of FY 2022 has continued, impacting growth of digital advertising and affiliate for products revenue, notably in the consumer technology vertical. New strategic verticals (Homes, Fashion & Beauty and Wealth & Savings) are gaining momentum, creating further medium-term opportunities for the Group. Affiliate for services (price comparison) has performed strongly with market share gain in both car and home insurance, and magazine revenue has been resilient in the period.
Since the start of the period, the Group has completed a further two acquisitions in target growth verticals for a total consideration of just under £45m :
● ActualTech provides content marketing solutions for B2B marketers. The acquisition strengthens Future’s position in the B2B vertical and provides greater scale and reach in North America to further monetise our highly-valuable B2B audience by leveraging ActualTech’s webinar capabilities to the Group’s existing portfolio.
● Gardening Know How is a US Homes website with a Comscore audience of 1.1m users, increasing our US Homes market position from 11 to 10 (Comscore MMX Multi Platform Total Audience US December 2022). This acquisition strengthens our strategic Homes vertical, bringing valuable evergreen content, notably in the US and will benefit from our operating model including our proprietary tech stack.

Zillah Byng-Thorne, Chief Executive, said:
“The start to the year demonstrates the strength and diversity of the Group, and we are pleased to reiterate our guidance for the Full Year. Whilst the macro environment remains uncertain, we look ahead with continued confidence in our plans to deliver on our strategy and outperform the industry.”

The post 8 February 2023 AGM trading statement appeared first on Future.

This afternoon, Future plc (“Future” or “the Group”) will host a Capital Markets Event for investors and analysts.  

Led by CEO Zillah Byng-Thorne and CFO Penny Ladkin-Brand, along with members of the wider leadership team, the event will provide an overview of the Group’s strategy, approach to newer verticals, including a focus on Women’s Lifestyle and the recent acquisition of Who What Wear, alongside the Group’s approach to reaching valuable audiences, how it leverages proprietary technology, and how an agile business model drives a flexible cost base.

Following the trading update announced on 13 September 2022, no material new financial information will be disclosed.

Zillah Byng-Thorne commented: “We have built a strong track record by focusing on building out our audiences and diversifying our routes to monetisation. Our proven playbook has seen us establish leading positions across verticals and we see an exciting opportunity to replicate this in newer areas such as Women’s Lifestyle and Wealth. Our leadership positions, combined with our high-quality audience and propriety tech stack, gives us confidence of continued progress in the years to come as we aim to reach 1 in 2 users online in the US.”

The post 14 September 2022 Capital Markets Day appeared first on Future.