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Blueprint-style diagram of Future PLC's brand portfolio losing Google Search and AI Overviews referral traffic, with declining revenue arrows across four quadrants.

Future PLC's 67% Profit Drop Puts a Public Number on the AI Overviews Tax

Future PLC reported a 67% drop in pre-tax profit for the six months to March 31, 2026, with website sessions down 15% and Google Search and Discover traffic both off roughly 20% year over year. The £4 billion market capitalization the group held in December 2022 has shrunk to about
NMS Editorial Team 14 May 2026, 6:49 PM
Blueprint diagram with a Condé Nast wordmark, a traffic line graph dropping from 51 percent to 27 percent, and an AI Overview block intercepting click arrows.

Condé Nast Hit 25% Google Traffic and Stopped Pretending Search Returns

Condé Nast CEO Roger Lynch told the Financial Times in late February 2026 that Google search is "no longer a meaningful driver" of traffic to Vogue, GQ, or The New Yorker. The publisher's Google share fell from a majority to roughly 25%. Ahrefs's December
NMS Editorial Team 13 May 2026, 10:07 AM
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