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Time Out ( (GB:TMO) ) has issued an update.
Time Out Group plc reported its unaudited interim results for the six months ending December 2024, showing a 3% decline in overall revenue but a 12% growth in market net revenue. The company anticipates better performance in the second half of the year post-UK and US elections, with strong opportunities in the media segment and operational synergies expected to boost profitability. Time Out secured a £5 million convertible loan note to support its growth strategy, with new market openings in Barcelona and Bahrain, and plans for further expansions. The Group is optimistic about meeting EBITDA expectations by the end of June 2025, driven by a robust pipeline of media deals and new market sites.
More about Time Out
Time Out Group is a global media and hospitality business that focuses on enabling people to experience the best of city life through its Media and Markets divisions. Founded in London in 1968, it has grown into a worldwide brand covering 333 cities in 59 countries, offering curated content about city attractions and operating Time Out Market, an editorially curated food and cultural market.
YTD Price Performance: -16.50%
Average Trading Volume: 62,567
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £153.6M
For a thorough assessment of TMO stock, go to TipRanks’ Stock Analysis page.
