Future Publishing’s revenues grew 1% to £41 million in the three months leading up to December 31.
In a statement released today, Future said that increases in advertising and other revenue streams offset a 2% decline in circulation revenue, while a 25% increase in online advertising more than offset a 4% decline in print.
Stevie Spring, Future plc chief executive, said: “Our focus this year is on guiding our business effectively through the uncharted waters of the current macroeconomic environment and ensuring we remain on course to deliver sustainable growth in the mid-term.
“While of course we’re not immune to current challenges, we’re mitigating these through the active management of our portfolio and through building in greater cost flexibility.
“We remain confident that we’re in the best shape we can be to deal with whatever challenges lie ahead and are on track to deliver against expectations for the full year.”
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