Future (LON:FUTR) Releases Earnings Results

Posted by Lauren Steadman on May 15th, 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. The business had revenue of £349.10 million during the quarter. Future had a net margin of 8.97% and a return on equity of 6.22%.

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 Price Performance

Future stock opened at GBX 318.80 on Friday. Future has a 12-month low of GBX 262.20 and a 12-month high of GBX 806. The stock has a market cap of £292.06 million, a P/E ratio of 5.13, a PEG ratio of 0.64 and a beta of 1.33. The company has a 50-day moving average price of GBX 355.27 and a 200 day moving average price of GBX 472.46. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 32.47.

Wall Street Analysts Forecast Growth

FUTR has been the subject of several recent analyst reports. Berenberg Bank cut shares of Future to a “hold” rating and cut their price objective for the stock from GBX 970 to GBX 330 in a research report on Wednesday, April 1st. Jefferies Financial Group cut shares of Future to a “hold” rating and cut their price objective for the stock from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Future from GBX 1,875 to GBX 1,013 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Canaccord Genuity Group cut their price objective on shares of Future from GBX 733 to GBX 358 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, Barclays cut their price objective on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 614.50.

View Our Latest Research Report on Future