One Media iP Group PLC Reports Strategic Realignment and Financial Resilience

One Media iP ( (GB:OMIP) ) has shared an update.

One Media iP Group PLC announced its audited results for the year ended 31 October 2024, highlighting a strategic realignment towards its core business of music rights investment following the divestment of its technology subsidiary, TCAT Limited. Despite a slight decrease in total revenue, the company reported a 10% increase in EBITDA, reflecting strong cost management. The sale of TCAT to Round Group Limited is expected to streamline operations and focus resources on maximizing the income potential of its music rights portfolio. The company also noted the impact of changes in Amazon Music’s pricing strategies on streaming revenue, but managed to mitigate these effects within the financial year. Looking forward, One Media iP is optimistic about sustainable growth and profitability, with a positive outlook for the music industry.

More about One Media iP

One Media iP Group plc is a leading digital music rights acquirer, publisher, and distributor. The company specializes in acquiring and exploiting music and video intellectual property rights and is listed on the AIM Market of the London Stock Exchange under the ticker ‘OMIP’.

YTD Price Performance: -11.76%

Average Trading Volume: 333,828

Technical Sentiment Signal: Strong Buy

Current Market Cap: £8.34M

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