Future’s digital apps to become biggest driver of revenue growth

Future, which is set to launch its 100th digital edition for the iPad this week, says sales of digital editions and bespoke apps on tablets are now on track to become one of the publisher’s biggest drivers of revenue and profit growth.

“Future has established itself as one of the UK’s most successful digital publishers on the iPad,” Mark Wood, CEO of Future UK, said. “Sales revenues have been growing at more than 10% a month this year and have now gone past the £2 million-a-year mark.

“We anticipate that the launch of Apple’s Newsstand this Autumn will significantly accelerate digital magazine sales on the iPad while the roll-out of Android devices – reaching audiences fresh to the tablet experience – will create new and fast-growing revenue streams. We therefore expect tablets to be one of our biggest growth drivers in the year ahead.”

This week the publisher will launch a digital edition of the Official Xbox Magazine – Future’s 100th regular digital edition on the Zinio iPad store.

Earlier this month Future announced a reorganisation of its UK business to ensure faster adaptation to digital and more efficient execution of print. The plans include the divestment and closure of a small number of titles from Future’s 80+ portfolio.