LBG Media Plc (GB:LBG) has released an update.
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LBG Media Plc, a global digital entertainment company targeting young adults, reports unaudited financial results for 2023 with moderate performance improvements following strategic expansions in the US market and operational model enhancements in Australia & New Zealand. The acquisition of Betches Media and a 24% increase in the global audience contribute to the company’s confident growth strategy and pursuit of £200m revenue. Financial highlights include a 7.5% rise in total Group Revenue to £67.5m and a 10.8% increase in Adjusted EBITDA, despite a decline in profitability in the ANZ market and a significant cash reduction due to acquisition activities.
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