Future (LON:FUTR) Posts Quarterly Earnings Results

Posted by Latisha Jones on May 14th, 2026

Future (LON:FUTR – Get Free Report) issued its earnings results on Thursday. The company reported GBX 13.10 EPS for the quarter, Digital Look Earnings reports. Future had a net margin of 8.97% and a return on equity of 6.22%. The company had revenue of £349.10 million for the quarter.

Here are the key takeaways from Future’s conference call:

Revenue fell 8% reported to GBP 349 million, with organic revenue down 6% as the company continued to feel the impact of search ecosystem changes, especially in its B2C business.
Mix shift pressured margins, with EBITDA of GBP 83 million at a 24% margin and gross margin down to 71% from a heavier mix of lower-margin revenue streams.
Direct advertising grew 8% in H1 and was up double digits in Q2 in both the U.S. and U.K., helping offset declines in programmatic ads and demonstrating traction from new monetization efforts.
E-commerce declined 24% due to lower website sessions, particularly in technology content, highlighting continued pressure from reduced search traffic and changing consumer journeys.
Cash generation remained strong, with GBP 91 million of adjusted free cash flow after capex and leverage at 1.6x despite shareholder returns and the SheerLuxe acquisition.
Management reiterated FY 2026 guidance for a mid-single-digit organic revenue decline, EBITDA margin of 25%-27%, and strong cash conversion, while emphasizing growth initiatives like Future Optic, Helix, Renewal, and data products.

Future Trading Up 12.4%

LON:FUTR traded up GBX 36 on Thursday, hitting GBX 325.20. 1,162,527 shares of the stock were exchanged, compared to its average volume of 11,538,310. The stock has a market capitalization of £297.92 million, a price-to-earnings ratio of 5.24, a P/E/G ratio of 0.64 and a beta of 1.33. Future has a 52 week low of GBX 262.20 and a 52 week high of GBX 806. The company has a debt-to-equity ratio of 32.47, a quick ratio of 0.60 and a current ratio of 0.96. The company’s 50-day moving average price is GBX 356.81 and its 200 day moving average price is GBX 474.74.

Analyst Ratings Changes

Several research analysts recently issued reports on FUTR shares. Jefferies Financial Group downgraded shares of Future to a “hold” rating and reduced their price target for the stock from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Future from GBX 1,875 to GBX 1,013 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Berenberg Bank downgraded shares of Future to a “hold” rating and reduced their price target for the stock from GBX 970 to GBX 330 in a research report on Wednesday, April 1st. Canaccord Genuity Group reduced their price target on shares of Future from GBX 733 to GBX 358 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Barclays reduced their price target on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 614.50.

Read Our Latest Report on Future