LBG Media Plc (GB:LBG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
LBG Media Plc has reported a robust first half with revenues soaring to £42.3m, a 55% increase, driven by both organic growth and the Betches acquisition. With a 240% jump in adjusted EBITDA to £10.2m and a cash reserve of £26.6m, the company has seen a strong audience growth, particularly from the UEFA Euro 2024 campaigns. Amidst the shift to a new commercial model on Facebook, LBG Media remains confident in meeting the year’s market expectations and has also changed its financial year end to align with business planning.
For further insights into GB:LBG stock, check out TipRanks’ Stock Analysis page.