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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Future
Future (FUTR) investor relations material
Future Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary30 Sep, 2026
Trading performance and outlook
Second half trends aligned with expectations, with full-year delivery in line with market consensus for FY 2026.
FY 2026 consensus: revenue £707m, adjusted EBITDA £180m, adjusted EPS 101p, leverage 1.7x, including SheerLuxe acquisition.
Capital allocation and shareholder returns
Share buyback paused after £24m of £30m executed, prioritizing deleveraging in FY 2027.
Current dividend policy will be maintained.
Strategic focus and business model
Strategy execution centers on growing engaged audiences, diversifying and increasing revenue per user, and optimizing the portfolio.
Operates around 175 brands across diversified content verticals, monetizing via advertising, eCommerce affiliate, and direct consumer channels.
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Latest events from Future
- Revenue and EBITDA fell, but cash flow and direct advertising remain strong amid transformation.FUTR
H1 2026 - AI-led growth and resilient B2C ads offset margin pressure from Google search shifts.FUTRH1 2026 TU
- On track for full-year targets, with digital ad growth, resilient magazines, and active portfolio optimization.FUTRTrading update
- Margins and cash flow remain strong despite revenue decline; AI and platform initiatives drive growth.FUTRH2 2025
- New product initiatives and platform effects drive growth, supporting FY 2025 profit outlook.FUTRInvestor Update
- Q3 2025 results in line with expectations; outlook and capital initiatives remain robust.FUTRQ3 2025 TU
- Organic growth returned in FY 2024, with strong cash flow and a 28% margin outlook for FY 2025.FUTRH2 2024
- FY24 results in line with expectations, with organic growth and portfolio optimisation progress.FUTRTrading Update
- Revenue declined 3%, but margins, cash flow, and shareholder returns stayed robust.FUTRH1 2025
Next Future earnings date
H2 20263 Dec, 2026
Future
Next Future earnings date
H2 20263 Dec, 2026
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Frequently asked questions
Future plc is a UK-based media company that specializes in publishing and distributing content across a wide range of sectors, including games, technology, entertainment, sports, lifestyle, and business. The company operates through two main segments: Media and Magazine. It offers content through various platforms such as websites, magazines, videos, social media, and events, generating revenue from digital advertising, eCommerce, print and digital subscriptions, and lead generation services. The company is headquartered in Bath, UK, and is listed on the London Stock Exchange.