Future Publishing, the global platform for specialist media and
digital publishing powerhouse, has today announced its full year
earnings for 2022, highlighting the company’s exceptional growth
reaching $1.056 billion in revenue and growing 36% year-over-year
globally. In addition, Future’s global media* and magazine
businesses saw a 27% and 58% increase respectively.
“I am pleased to report another year of record
results, adding to our long-term track record. Our performance is
testament to our diversified revenue streams, the strength of our
content, and the brilliant teams we have working across our
business,” said Zillah Byng-Thorne, CEO, Future.
Driving growth through
diversification
Future has created a diversified audience
strategy, emphasising content where audience demand is highest.
This has resulted in a global audience growth of 18% YoY, reaching
506 million people across Future’s portfolio of over 250 brands
spanning print, subscriptions, online, email, events, and
social.
Diversification is also key to its revenue growth,
seen most impressively in the US, which represents a significant
growth opportunity and comprises 39% of Future’s total revenue.
Future’s US business saw extraordinary revenue growth from diverse
business areas, with digital advertising and events revenue growing
+31% and +141% respectively, while affiliate revenues experienced
+6% YoY growth. Significantly, video has contributed to Future’s
2022 growth, with video advertising now representing 13% of total
digital advertising revenues globally.
Creating added value through
acquisitions
Future has completed five acquisitions since
October 2021 including brands Who What Wear, The Week, and
Kiplinger.
Thanks to its acquisitions, Future has rapidly
become a top fashion & beauty lifestyle player. Since the
acquisition of TI Media in 2020, Marie Claire US in 2021, and Who
What Wear in 2022, Future’s fashion & beauty audience has grown
49% globally. The recent addition of Who What Wear ensured that
Future could continue to diversify within the fashion & beauty
sector while bringing in additional expertise in social influencer
marketing and shoppable media.
The acquisition of Dennis brands, including The
Week and Kiplinger, has driven strong magazine revenue growth in
the US. Future’s US subscriptions revenue increased by 31 times in
2022, and print advertising experienced 84% growth
year-over-year.
Achieving resilience with robust
first-party data
Future’s extensive intent-led specialist audience,
combined with its proprietary first-party audience data platform,
Aperture, has made it a valuable partner to brands. Over 472
advertisers already use Aperture to improve their audience
targeting, driving resilience for Future.
Future continues to invest in Aperture, which won
an AdExchanger award for the Best Publisher First-Party Data
Platform in 2022, to help leading brands reach audiences primed to
purchase – through rich first-party data and contextually relevant
environments that encourage consideration and conversion.
“Looking ahead, whilst we are monitoring the
macroeconomic climate, we remain confident in our strategy and the
growth opportunities that we are uniquely placed to capitalize on,
and we expect to deliver modest profit growth and market share
gains,” added Byng-Thorne.
*Total media includes digital advertising,
affiliates, events and other media
About Future
Connectors. Creators. Experience Makers.
Future is a global multi-platform media company and
leading digital publisher, with scalable brands and diversified
revenue streams. Every month, it connects over 500 million people
worldwide with their passions, through expert content, world-class
events, and cutting-edge proprietary technology. Every year, Future
attracts millions of consumers to its brands’ websites, magazines,
events, and social spaces.
Its market-leading portfolio of over 250 brands
spans technology, games, entertainment, women’s lifestyle, wealth,
knowledge, music, photography, sports, home interest, and B2B
sectors. Brands include: Tom’s Guide, TechRadar, Gamesradar+,
CinemaBlend, Marie Claire, Who What Wear, Homes & Gardens,
Kiplinger, The Week, Guitar World, Digital Camera World, Space.com,
Smartbrief, and more. Discover more at: www.futureplc.com
Media Contact:Hugh MooreBroadsheet
Communications for Future Publishing
(US)202-471-0661hugh@broadsheetcomms.com
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