Vista Group International Ltd (AU:VGL) has released an update.
Vista Group International Ltd. has reported a substantial 188% increase in EBITDA to $7.2 million for the first half of 2024, driven by successful business restructuring efforts from the previous year. The company is on track to become free cash flow positive by the fourth quarter of 2024, with major improvements in recurring and SaaS revenues. Despite a challenging industry environment, with a 19% dip in 1H24 domestic box office revenue, Vista Group remains optimistic with upgraded EBITDA margin forecasts for 2025.
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