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Earnings: Future Online Sales Leap, ‘Resilient In Tough Market’

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Online ad sales grew 39 percent at GamesRadar, BikeRadar and Total Film publisher Future in the nine months to June 30, and now makes up 19 percent of the group’s ad revenue. Future says Qore the new digital magazine on the PlayStation 3 Network, has attracted very strong advertiser interest in its first three editions.

Group-wide ad revenue, too, was up four percent in the nine months and actually looks healthy – up five percent in the last three months compared with a flat half year to March 31. Circulation was flat in the nine months but up two percent in the quarter. Overall group revenue crept up one percent over the nine months but is up five percent in the quarter. No figures given, but online sales were £4.7 million in the six months to March. From the statement: “While the market remains tough, Future is proving resilient and we remain firmly on track for a satisfactory outturn for the full year.” Release.