Sunday, June 11, 2023

    Latest Posts

    Future plc’s half-year earnings reveal a lagging U.S. business

    Future plc had a slow start to its fiscal year, with overall revenue flat from October 2022 to March 2023 year over year, according to its half-year earnings announced on Thursday. The U.S. side of the business in particular lagged behind Future plc’s U.K. business, with audience and revenue down.

    And the company doesn’t think the second half of its fiscal year will fare much better. “The macro environment and audience performance remains challenging. … So we’re not expecting improvement” in the second half of 2023, CFO Penny Ladkin-Brand said in an earnings call on Thursday.

    Future plc will focus the next half of its fiscal year on beefing up its U.S. sales strategy and leaning into short-form video. (Sound familiar? BuzzFeed CEO Jonah Peretti has been outlining a similar strategy to shareholders.)

    Continue reading this article on Sign up for Digiday newsletters to get the latest on media, marketing and the future of TV.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.