Specialist media publisher celebrates £825m revenue following five acquisitions

Future plc, a London based platform for specialist media, has today announced its Full Year results for 2022, highlighting the company’s “exceptional” growth reaching £825.4m in revenue and growing 36 per cent year-over-year globally.

In addition, Future’s media business has seen a 27% increase across US and UK markets combined. Global audiences have grown across Future’s entire portfolio this year spanning online, email, social, magazines and events.

In the UK Digital and print advertising growth is up 10 per cent and 22 per cent respectively, while affiliates stand at +37 per cent, events +47 per cent and subscriptions +68 per cent.

In July 2021, the publisher launched The Money Edit, generating over half a million users, which is now a dedicated platform to guide and advise consumers on how to save money and manage the Cost of Living crisis.

Future has completed five acquisitions since October 2021 including Women’s Lifestyle brand, Who What Wear, Dennis, Waive, WhatCulture and more recently Shortlist, which has accelerated Future’s market-leading position in tech reviews.

The acquisition of TI Media in 2020 resulted in Future’s Women’s Lifestyle online audience increasing by 34 per cent, supplying the company with the ammunition it needed to later acquire Who What Wear.

The move ensured that Future could continue to diversify within the sector and bring in additional expertise across social and shoppable media, and now has the entire Women’s Lifestyle vertical in 49 per cent growth globally since 2020.

Future has also retained the number one position as leaders in the Homes Lifestyle market for a second year running, according to Comscore, seeing a 244 per cent increase in users since 2020.

Zillah Byng-Thorne, CEO of Future, commented: “I am pleased to report another year of record results, adding to our long-term track record, as we delivered sustained growth across all key metrics. Our performance is testament to our diversified revenue streams, the strength of our content and the brilliant teams we have working across our business.”

“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 capitalise on, and we expect to deliver modest profit growth and market share gains.”

By Matthew Neville – Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →