An update from Jaxsta Limited ( (AU:VNL) ) is now available.
Vinyl Group has completed the acquisition of Concrete Playground Pty Ltd for $5.56 million, enhancing its media and advertising capabilities. This acquisition is expected to contribute significantly to Vinyl Group’s EBITDA and accelerate its timeline to achieve positive cash flows by 2025, strengthening its market position and unlocking new commercial opportunities.
More about Jaxsta Limited
Vinyl Group is an ASX-listed company in Australia, operating in the music industry. It provides tech and media solutions connecting music creators, fans, and brands, with a diverse portfolio that includes e-commerce, social-professional networking, music credits database, and digital collectibles. Its publishing arm, Vinyl Media, offers premium content and live experiences, operating platforms like Concrete Playground and licensing major mastheads.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $104.7M
Find detailed analytics on VNL stock on TipRanks’ Stock Analysis page.