Future FY up but sees 'modest' profit growth in 2023

Specialist media publisher Future reported a rise in full-year profits, driven by strong revenue growth and contributions from acquisitions.

The company on Wednesday said pre-tax profit rose 58% to £170m on revenue of £825m, up 36%. It expects “modest” earnings growth in 2023.

“The strong balance sheet and cash generation serve the business well for ongoing investment and growth and we are well-placed to add additional content and capabilities to further enhance the Future platform,” Future said.

Reporting by Frank Prenesti for Sharecast.com