Future (LON:FUTR) reported a decline in first-half revenue and profit as changes in the search ecosystem weighed on programmatic advertising and e-commerce, but management said growth initiatives launched seven months ago are beginning to offset pressure in parts of the business.
Opening the earnings call, Kevin said the company has been “very open” about disruption in search, while emphasizing that the affected area represents 16% of total revenue. He said Future is focused on factors within its control, including new growth initiatives, faster decision-making and discontinuing projects that are not delivering.
