Future PLC Sees FY 2023 in Line With Views

Future PLC expects to do well in 2023, just like the board hopes.

The company that specializes in media expects to make around 254.1 million pounds (which is about $310.1 million) in profit for the year ending on September 30. Last year, they made 271.7 million pounds in profit. They said on Friday that the number of people who use their platform stayed about the same in the second half of the year, and things got better in the last three months.

“Overall, things were a bit mixed. Some parts were good, and some were tough. People didn’t spend as much money, and the market for online ads had its challenges,” the London company said.

Future also said that their magazines still made money, and the things they sell through ads and partners were doing about the same as the first half of the year. People want good deals, they said, and their website for comparing prices made more money in the second half because more people used it.

Image Source: https://fusiondiginet.com/2021/08/19/future-plc-acquires-dennis-from-exponent-private-equity-for-300-million/

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Amar Shinde is a writer and researcher specializing in the intersection of culture, technology, and society. In their free time, they enjoy playing chess.