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Time Out ( (GB:TMO) ) just unveiled an update.
Time Out Group has announced a trading update and a new £6 million loan facility to support growth. The company expects FY25 revenue of £75 million, with adjusted EBITDA between £7-9 million. Despite a decline in media revenues and lower than expected trading performance in the final quarter, the Markets division showed growth, with customer transactions increasing by 21% year-on-year. The new loan from Oakley Capital Limited will aid in the Group’s growth strategy, including the opening of new market locations. The media division is undergoing a strategic review to adapt to changes in consumer habits, focusing on social media and AI, and aims to improve profitability.
The most recent analyst rating on (GB:TMO) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Time Out stock, see the GB:TMO Stock Forecast page.
Spark’s Take on GB:TMO Stock
According to Spark, TipRanks’ AI Analyst, GB:TMO is a Neutral.
The overall stock score is driven by mixed financial performance and bearish technical indicators. However, the strategic expansion into India provides a positive outlook for future growth. The negative P/E ratio and lack of dividend yield weigh on the valuation.
To see Spark’s full report on GB:TMO stock, click here.
More about Time Out
Time Out Group is a global brand dedicated to city life, providing curated content about the best activities, sights, and dining experiences across over 350 cities in more than 50 countries. The company operates through a multi-platform model that includes both digital and physical channels. Time Out Market, a unique food and cultural market, is a key part of their portfolio, with locations in cities like Lisbon, New York, and Dubai, and plans for further expansion.
Average Trading Volume: 277,881
Technical Sentiment Signal: Sell
Current Market Cap: £52.72M
See more insights into TMO stock on TipRanks’ Stock Analysis page.