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Future warns of tough times

Ben Parfitt
Future warns of tough times

Though it insists that its half-year financials (which are due to be published on May 20th) should meet its previously published expectations, Future has issued a cautious pre-close trading update.

“Games, which comprises 30 per cent of group revenue, continues to experience a very tough market and difficult comparatives,” a Future spokesperson stated. “Advertising in the US, which has more exposure to the games market, remains under pressure.”

The numbers are expected to show a year-on-year decrease, though Future pegs “less favourable currency impacts” as the main driver behind the dip.

It adds that special-interest titles within the active, technology and music & movies segments ‘continue to show resilience’.

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Tags: games , market , video , future , magazine , forecasts , tough , challenging

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