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An update from LBG Media Plc ( (GB:LBG) ) is now available.
LBG Media Plc reported financial results for the nine months ending 30 September 2024, exceeding market expectations with a 22% increase in total group revenue and a 16% rise in adjusted EBITDA. The company’s strategic expansion in the U.S. and deeper brand relationships have contributed to its strong performance, with significant gains from the integration of U.S. businesses and partnerships with major brands. Despite a temporary dip in social revenue due to changes in Facebook’s commercial model, LBG Media has shown resilience and adaptability, maintaining strong momentum into 2025. This growth positions the company well to achieve its revenue target of £200 million, with the board considering further investments to accelerate U.S. growth.
More about LBG Media Plc
LBG Media Plc is a global digital entertainment company that focuses on engaging young adults through platforms such as Facebook, Instagram, Snapchat, YouTube, and TikTok, as well as their owned websites. The company produces and distributes a wide range of digital content, including videos, editorials, images, and audio, to help brands reach this demographic.
YTD Price Performance: -2.69%
Average Trading Volume: 74,240
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £264.5M
See more insights into LBG stock on TipRanks’ Stock Analysis page.
