Centaur Media (GB:CAU) has released an update.
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Centaur Media PLC reports a decrease in revenue and adjusted EBITDA for the first half of 2024, attributed to challenging market conditions and investment costs associated with its BIG27 growth strategy. Despite the downturn, the company maintains a strong cash position and is focused on growing strategically valuable revenue streams, particularly through its MW Mini MBA, Marketing Week subscriptions, and The Lawyer brands. The firm remains optimistic about a return to growth in the second half of 2024, driven by its investments and strong balance sheet.
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