Half Year 2025 Future PLC Earnings Call Transcript
Key Points
- Future PLC (FRA:FNWA) has announced a new share buyback program, returning over GBP43 million to shareholders in the first half alone.
- The company has successfully slowed the rate of decline in its magazine segment, achieving 1% organic growth in H1.
- Future PLC's investment in AI-enhanced recirculation has increased brand engagement and ad volume without additional costs.
- The company has launched T3 Germany using AI, expanding its reach with minimal editorial input and no incremental costs.
- Future PLC has maintained a stable adjusted operating profit margin of 27%, demonstrating disciplined cost management.
- Future PLC experienced a 3% year-on-year decline in revenue, with organic performance down 1%.
- The US digital advertising market faced uncertainty, impacting revenue in March and contributing to a 5% decline in Q2.
- The company's B2B segment continues to be challenged by the difficult enterprise tech market.
- Future PLC's audience sessions were down 4% in the first half, partly due to temporary issues with Google Discover traffic.
- The company has seen a slight loss in market share in the car insurance segment, dropping from second to third place.
Right. Good morning all. Thank you for being here. So, I'm delighted to be here. My first time as CEO. I will start with some brief opening remarks before handing over to Shar Jill. Who will cover the financials for the half? I would then come back to introduce myself, although many of you know me already.
Then we will move on to covering why I'm excited to have become the new CEO. Why we have the tools. And the track records to succeed and the progress we have made to date, and then we'll open up for Q&A. Now turning to page 4.
It's truly an honor to be here standing here in front of you today. I joined Future 20 years ago as a programmer, freshly arrived from the beautiful island of Mauritius. 20 years ago, the company worked I worked for was acquired by Future and the rest is history. During my time here, I experienced a vast amount of change, big and small.
In the company as well as in my roles. I was Chief Technology Officer for the group for 8 years and I have spent 10 years on the leadership team. And most recently
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