NEW YORK, March 1, 2019 /PRNewswire/ -- Global
specialist media platform Future plc today announced the
acquisition of Mobile Nations (MoNa Mobile Nations, LLC), a
U.S.-based leading global digital publisher focused on consumer
electronics.
This acquisition further extends Future's reach in the U.S. and
builds on its strong presence as a leading specialist media
company. Mobile Nations' properties are highly complementary to
Future's existing portfolio and focus on consumer electronics,
combining content, community and commerce to deliver shopping
enablement solutions. Notable brands include Android Central,
iMore, Windows Central and Thrifter with a monthly
audience of over 40 million technology enthusiasts.
Since January 2018, Future has
executed five acquisitions, including the purchase of NewBay Media
for $13.7MM and the acquisition of
Purch for $128MM. Other acquisitions include the Home Interest
division of Centaur Media plc, set at an enterprise value of
$40.7MM, and the five specialist
consumer titles from Haymarket Media Group for $17.8MM. With the addition of Mobile
Nations, Future now has over 100 brands across print, digital and
events with a total global reach of over 120 million.
Future CEO Zillah Byng-Thorne shared, "This acquisition will
further strengthen our market leading position in technology and
extends our growing presence in the U.S. We have an established
commercial relationship with Mobile Nations through its
longstanding partnership with Purch, which we acquired in
September 2018. The addition of
Mobile Nations' brands will deepen our presence and expand our
opportunities to monetize our significant U.S. online
audience."
At the end of 2018, Future's group revenue increased from 48
percent to $158.4MM while its U.S.
revenue increased by 109 percent to $43.1MM. Media revenue increased by 88 percent to
$81.6MM up from $43.4MM in 2017, 40 percent of which was organic
growth. Organic eCommerce revenue grew 104 percent to $23.1MM. Separately, Mobile Nations closed out
2018 with a revenue of $16.4MM and
EBITDA of $8.2MM. Both companies'
lucrative year-end, combined earnings are projected to continuously
rise.
Byng-Thorne continued, "We have identified a number of areas
where we can share best practice as we continue to leverage our
specialist media platform and diversify our revenue streams, both
geographically and across our product offering."
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About Future
Future plc is an international media
group and leading digital publisher, listed on the London Stock
Exchange (LSE: FUTR). The Group operates two separately managed
brand-led divisions: Media and Magazine. The Group has a reach of
100m+ globally, including 62m online
users and 63m social media reach.
The Magazine division is brand-led. It has over 100
market-leading publications, with 10 key titles. The Media division
focuses on being at the forefront of digital innovation, in
particular, the high growth technology and games markets, with
three complementary revenue streams: eCommerce, events and digital
advertising. It has a number of leading brands including TechRadar,
PC Gamer, What Hi-Fi?, Louder, The Photography Show, Generate, The
Homebuilding and Renovating Show and the Music Week Awards.
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SOURCE Future plc