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May 22, 2013

Future revenue down amid ‘trough’ for games titles but digital growth continues apace

By Gavriel Hollander

Consumer magazine publisher Future has reported a narrower pre-tax loss for the first half of 2013 compared with last year.

The publisher of Total Film, Total Guitar and T3 made a loss of £1.5 million in the six months to the end of March 2013, down from a £2.2 million loss in the same period 12 months ago.

Revenue for the period was also slightly down, falling from £50.1 million last year to £49.4 million. Future said revenue was hit by difficult trading in the games market “which has been in a trough ahead of new console releases from Microsoft and Sony.” Future’s games titles include the official magazines for Nintendo, PlayStation and Xbox 360, as well as PC Gamer and GamesMaster.

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