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An announcement from Digitalbox plc ( (GB:DBOX) ) is now available.
Digitalbox plc has concluded its strategic review, deciding not to sell the company despite exploring such options to maximize shareholder value. The decision was influenced by the company’s positive trading position, diversified revenue sources, and forecast growth in the digital ad market. The Board will focus on expanding its current model through organic growth and strategic acquisitions, believing this strategy offers a more assured route to growth. The strategic review reinforced confidence in the company’s existing operations, with no current discussions about a sale and a strong emphasis on leveraging its established brands for sustained growth.
More about Digitalbox plc
Digitalbox plc is a UK-based mobile-first digital media business focused on profitable publishing at scale on mobile platforms. The company operates several trading brands, including Entertainment Daily, The Daily Mash, The Tab, The Poke, TV Guide, Emmerdale Insider, and Royal Insider. Digitalbox generates revenue primarily through the sale of advertising around its content, optimized for mobile to achieve above-market revenue per session.
YTD Price Performance: -12.38%
Average Trading Volume: 540,336
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.42M
For a thorough assessment of DBOX stock, go to TipRanks’ Stock Analysis page.