Time Out (GB:TMO) has released an update.
Time Out Group plc reported a significant 134% rise in adjusted EBITDA to £12.4 million, driven by growth in its Media and Markets divisions. Despite a slight 1% dip in reported revenue to £103.1 million, the company has successfully narrowed its operating loss to break-even, while enhancing its global brand reach by 8%. With plans to expand its Market presence, Time Out is poised for continued growth, making it an intriguing prospect for investors.
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