Blog Post

Earnings: Online Ad Growth Bright Spot For Future Publishing

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Online advertising revenue at Future Publishing (LSE: FUTR), the magazine, online and events group, grew 31 percent in the half year ending 31 March 2008 to £4.7 million pounds, up from £3.6 million a year ago. It now accounts for 19 percent of its total ad revenue, up from 15 percent year on year.

It was one of the bright spots for the Bath-based media company that saw revenues decline to £78.3 million from £84 million, year-on-year. Pre-tax profits dropped 34 percent to £4.1 million pounds from £6.2 million, compared to the same period a year ago, though excluding exceptional credit of £2.7 million, pre-tax profits were up 17 percent. Future CEO Stevie Spring called the results in line with expectations, and said the company continued to take a