Published: May 14, 2026 at 9:34 am
Future plc has reported a startling drop in profits in its half-year results as revenue also fell.
The Bath-headquartered media firm said for the six months ended 31st March 2026, group revenue was £349.1 million, down 8% on the corresponding period a year earlier.
Profit before tax dropped 67% from £56.6m to £18.4m.
The FTSE-listed owner of titles spanning tech, gaming, homes and lifestyle – which owns TechRadar – promoted former CTO Kevin Li Ying (pictured) to the top job in March 2025 months after CEO Jon Steinberg said he would leave the role.
Later in the year, chair Richard Huntingford announced that he would step down after the annual general meeting in February 2026, ending an eight-year stint leading the board.
In January it announced that it had acquired women’s fashion and lifestyle publisher SheerLuxe Ltd and BLUSH Talent MGMT in a £39.9m deal.