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Future profit drops 61% in 2009

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Future's year ending September 2009 has seen a 61 percent drop in profit, down from £9.5 million to £3.7 million.

Revenue was down 13 percent to £153.1 million. It's America's fault, apparently.

"The year was a tale of two markets. Our larger UK business out-performed the market, increasing profits despite a relatively modest revenue decline. Our US business experienced a very difficult year - hit by a general advertising market in freefall and unprecedented disruption at newsstand," said CEO Stevie Spring.

UK revenues were down 8 percent to £106.5 million, compared to a 22 percent US drop to £47 million.

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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