Future (LON:FUTR) Issues Quarterly Earnings Results

Posted by Logan Wallace on May 14th, 2026

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

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 Stock Up 12.4%

LON FUTR traded up GBX 36 during trading hours on Thursday, reaching GBX 325.20. 1,162,527 shares of the company’s stock were exchanged, compared to its average volume of 11,538,310. The company’s 50-day moving average is GBX 356.81 and its two-hundred day moving average is GBX 474.74. Future has a one year low of GBX 262.20 and a one year 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 has a market capitalization of £297.92 million, a price-to-earnings ratio of 5.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.

Analyst Ratings Changes

A number of brokerages have recently commented on FUTR. Barclays lowered their price target on Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Future from GBX 1,875 to GBX 1,013 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Berenberg Bank cut Future to a “hold” rating and lowered their price target for the company from GBX 970 to GBX 330 in a research note on Wednesday, April 1st. Jefferies Financial Group cut Future to a “hold” rating and lowered their price target for the company from GBX 1,220 to GBX 466 in a research note on Friday, March 27th. Finally, Canaccord Genuity Group lowered their price target on Future from GBX 733 to GBX 358 and set a “hold” rating for the company in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 614.50.

Read Our Latest Analysis on Future