One Media iP (GB:OMIP) has released an update.
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One Media iP Group Plc has reported stable revenues with a slight increase to £2.8m, driven by intellectual property royalties and the management of its music rights portfolio. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 14% to £0.9m, attributed to cost efficiencies and the performance of its core business. Despite focusing resources on the Technical Copyright Analysis Tool (TCAT), the company’s core music rights business continues to deliver as expected, while an interim dividend was paid to shareholders.
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