Media group Future has reported what it describes as an encouraging” two per cent year-on-year rise in revenue for its 2010 Q3.
Year-to-date revenues for the group are down three per cent however, though this compares favourably with the five per cent dip seen in the first half of the financial year.
The UK in isolation saw a one per cent decline for the nine months ending June 30th 2010. UK advertising revenues are reportedly improving quarter-over-quarter though circulation revenue remains soft”.
Gaming is continuing to experience a tough market and difficult comparatives”, though better performances have been seen in the music, sports, technology and craft sectors. US revenues for the period are down seven per cent year-on-year.
We’ve seen a continuation in the trading patterns that we reported at half-year, with revenues stabilising year-on-year, and some more positive trends in advertising,” chief executive Stevie Spring stated.
We continue to maintain flexibility in managing our portfolios. That flexibility will serve us well as we navigate through the continued uncertainty of the macro-economic environment and overall we remain confident that we are as well-positioned as we can be for the future.”
Future expects its full-year results for the 12 months ending September 30th 2010 to be in line with expectations.