LBG Media Plc (GB:LBG) has released an update.
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LBG Media Plc has reported a robust first half with revenues soaring to £42.3m, a 55% increase, driven by both organic growth and the Betches acquisition. With a 240% jump in adjusted EBITDA to £10.2m and a cash reserve of £26.6m, the company has seen a strong audience growth, particularly from the UEFA Euro 2024 campaigns. Amidst the shift to a new commercial model on Facebook, LBG Media remains confident in meeting the year’s market expectations and has also changed its financial year end to align with business planning.
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