Future plc (FUTR) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Future Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.814 Good morning and thank you for joining us. 00:00:02.814 -- 00:00:07.478 I will start with some opening remarks, then hand over to Sharjil who will cover the 00:00:07.478 -- 00:00:12.963 half year results, and then I will update you on our strategic progress. 00:00:12.963 -- 00:00:16.387 So, let's start with opening remarks. 00:00:16.387 -- 00:00:21.551 The search ecosystem is changing. We have been very open about it. 00:00:21.551 -- 00:00:25.675 However, this is only 16% of our total revenue. 00:00:25.675 -- 00:00:30.776 Focusing on the things that are in our control, Our growth initiatives, 00:00:30.776 -- 00:00:36.205 only launched seven months ago, are yielding new growing revenue geared to offset 00:00:36.205 -- 00:00:41.393 the decline in the 16%. This momentum is paving the way for 00:00:41.393 -- 00:00:43.456 organic growth. 00:00:43.456 -- 00:00:49.265 Finally, core to our strategy, we are evolving our business model at pace, 00:00:49.265 -- 00:00:54.313 streamlining our business, making decisions faster, including killing projects that 00:00:54.313 -- 00:00:59.477 are not delivering. Of course, we also double down on the ones that 00:00:59.477 -- 00:01:04.923 are. We do this to reflect the changing market dynamics, 00:01:04.923 -- 00:01:10.008 whilst preserving our unique capability to drive effective monetization 00:01:10.008 -- 00:01:15.571 to deliver sustainable profit and, most importantly, cash. 00:01:15.613 -- 00:01:20.076 And with that, let me hand it over to Shajil. 00:01:21.199 -- 00:01:26.482 Thanks, Kevin. Good morning, everyone. Let's get straight into the numbers. 00:01:26.482 -- 00:01:32.431 Revenue at $349 million was down 8% year-on-year on a reported basis, 00:01:32.431 -- 00:01:36.838 with organic perfor...