Future says content now read by a third of people in US and UK

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Future PLC’s (LON:FUTR) chairman has reiterated 2020 was a bumper year for the digital and magazine publisher ahead of its AGM.

Richard Huntingford, chairman, said: Future continued to thrive in 2020, with its content now read by one in three people in the UK and US.

“Global audiences increased rapidly during the year from a mix of underlying growth in audience engagement, through new launches and acquisitions, and the increased consumption of digital content during the pandemic.”

Future’s revenue for the year rose by 53% to £339.6mln, with organic revenue growth of 6%.

Media revenue growth of 23% offset the impact of COVID-19 on magazines revenue, which declined organically by 29%.

Adjusted operating profit increased 79% to £93.4mln.

 “After such an exceptional year the Group faces the future with confidence. I am confident that we will continue to deliver significant long-term value for shareholders,” Huntingford said.

The acquisition of GoCo is scheduled for a court hearing to complete on February 16, 2021, Future added.

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