Digitalbox plc Reports Strong Financial Turnaround and Strategic Expansion in 2024

Digitalbox plc ( (GB:DBOX) ) just unveiled an announcement.

Digitalbox plc reported a significant financial turnaround for the year ending December 2024, with a 31% increase in revenue to £3.6 million and a substantial improvement in profitability, as evidenced by an adjusted EBITDA of £0.6 million. The company expanded its portfolio to eight trading brands, including the launch of Royal Insider and Reality Shrine, and saw strong traffic growth across its platforms. CEO James Carter expressed confidence in the company’s strategic positioning to capitalize on market recovery and anticipated growth, with plans to double the business size over the next three years. The company’s strategic acquisitions and focus on mobile-first content have reinforced its market position, providing resilience and growth potential amidst evolving digital media landscapes.

More about Digitalbox plc

Digitalbox plc is a UK-based digital media company focused on mobile-first publishing. It operates several trading brands, including Entertainment Daily, The Daily Mash, The Tab, The Poke, TV Guide, Emmerdale Insider, Royal Insider, and Reality Shrine, primarily generating revenue through advertising around its content. The company aims to provide high-quality media content optimized for mobile platforms, achieving revenue per session significantly above market norms.

YTD Price Performance: -13.33%

Average Trading Volume: 543,493

Technical Sentiment Signal: Hold

Current Market Cap: £5.37M

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