Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lbg Media Plc | LBG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.76% | 131.00 | 14:31:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 127.00 | 127.00 | 131.00 | 131.00 | 132.00 |
| Industry Sector |
|---|
| MEDIA |
| Top Posts |
|---|
Posted at 18/9/2024 06:22 by masurenguy Great set of interims !STRONG FIRST HALF FINANCIAL PERFORMANCE AND MEANINGFUL PROGRESS TOWARDS £200M OF REVENUE. LBG Media is pleased to announce its results for the half year ended 30 June 2024. Key Highlights · Record audience of 494m globally, of which 141m is US, highlighting our unparalleled engagement and extensive reach with young adult audiences. · Strong revenue momentum with organic growth of 29% driving operational leverage and a significant increase in profitability. · Proven business model driving progress towards £200m of revenue with significant strategic and operational developments across growth lenses of Direct, Indirect and US expansion. · Strong momentum in the period to date and the Board is confident in delivering on market expectations for the 12 months to 31 December 2024.3 · Total Group revenue up 55% on a reported basis, with organic growth of 29%, which is faster than the overall market as our proposition continues to be increasingly compelling for advertisers. · The strength of our diversified revenue model continues to improve with Direct accounting for more than 50% of total Group revenue for the first time since inception, alongside progression of our Web operations which now account for 45% of total Indirect revenue in HY24. · Adjusted EBITDA of £10.2m (HY23: £3.0m) up 240% and benefitting from revenue growth, improvements delivered from the ANZ operating model changes and the accretive impact of Betches. Organic growth in adjusted EBITDA in the period was 190%. · Strong adjusted cash conversion of 152% resulted in cash and cash equivalents of £26.6m at the period end (31 December 2023: £15.8m).5 Outlook With strong financial performance and positive momentum across our growth lenses of Direct, Indirect and US expansion, management remains confident in the size of the opportunity ahead and the line of sight to £200m of revenue. Given the progress in the period to date the Board is confident in delivering on market expectations for the 12 months to 31 December 2024.3 As announced on 24 July 2024, the Group has changed its accounting reference date and financial year end so that, going forward, interim and annual accounts will be prepared and published for the six months ended 31 March and 12 months ended 30 September. The decision to change the year end was taken to better guide business planning and investment pacing and improve visibility over market dynamics, providing transparency for stakeholders by bringing the calendar Q4 spend into the first half of the financial year. As a result, our audited FY24 results, which in the first instance will be for the nine-month period ending 30 September, are expected to be announced in January 2025. A further update on current trading will be provided at our full year results in January, alongside expanded proforma disclosures for the Annual Report and FY24 results presentation. CEO, Solly Solomou commented: "Our strong first-half performance demonstrates excellent progress along our line of sight to £200m of revenue and showcases our team's success in diversifying income and strengthening our operating model. Key sporting event activations and rising audience numbers confirm our position as the number one digital entertainment brand for young adults, a highly sought-after but challenging demographic for marketers. I am more excited than ever by the opportunity that lies ahead, particularly in the US, where we are going from strength to strength and where the complementary nature of our combined businesses is already demonstrating success. Our thoughtful and engaging campaigns, which frequently deploy messages of social responsibility, remain central to our mission. In the complex digital media landscape, the detailed understanding we have of our audience and our propensity to be agile in such a dynamic market provide a strong foundation for long-term growth and the delivery of shareholder value." |
Posted at 09/7/2024 05:43 by masurenguy ‘Buy’ LBG Media, says BerenbergThe owner of LadBible, has reach into a ‘valuable audience’ of younger people. Analyst Ciaran Donnelly retained his ‘buy’ recommendation and increased the target price from 120p to 140p on the stock, which rose 1.9% to 108p on Monday. He said the stock is ‘adding value to blue-chip brands and is ‘uniquely positioned to enable brands to target the hard-to-reach young-adult audience’. The group’s audience grew by 23% in full-year 2023 to 452m and it delivered 128bn views in the year. "Revenues are split 43:57 between direct and indirect: on the direct side, it works with blue-chip brands like Visa, and Nike. Repeat client revenue in direct was 75% of the total in full-year 2023. This reflects the value that these and the other brands that LBG works with see in its offering, underpinned by the reach it provides into this valuable audience. We forecast 10% underlying direct revenue growth in full-year 2024." The shares have risen 50% since full-year 2023 results in April and are now trading on 15.7 times current year 2024 price to earnings. |
Posted at 23/4/2024 06:35 by masurenguy LBG Media plc announces that its audited financial results for the year ended 31 December 2023 are available to view on the Company's website at www.lbgmedia.co.uk. The audited final results contain no material adjustments to the unaudited results announced on Thursday, 18 April 2024. |
Posted at 19/4/2024 14:51 by nakedmolerat Alexander ‘Solly’ Solomou, chief executive of youth publisher LBG Media (LBG: AIM) bought 341,929 shares at an average of 73p for a total value of £248,753 on 18 April.Earlier in the week, the LADbible owner reported solid full-year results with group revenue rising 7.5% to £67.5 million. The company said adjusted EBITDA (earnings before interest taxation depreciation and amortisation) was ahead 10.8% year-on-year, reaching £17.4 million, with a healthy margin of 26% against 25% in the prior-year period. Solomou’s move could be seen as a vote of confidence in the youth publisher which is successfully expanding into the US with the October 2023 acquisition of digital media brand Betches for £19.3 million. |
Posted at 19/4/2024 14:04 by masurenguy LBG Media on trackLBG Media has made a good start to 2024 and there are signs that advertising will be positive for the digital publisher this year, says Peel Hunt. Analyst Jessica Pok retained her ‘buy’ recommendation and target price of 135p on the multi-channel youth publisher, which climbed 5.2% to 71p on Thursday. It reported a 7.5% increase in revenues to £68m and earnings growth of 11% to £17m in 2023 and audience performance indicators ‘continue to be very strong’, Pok said, with 452m global viewers worldwide, and video views up 30% year-on-year to 128bn. The group was ‘on track to meet full-year 2024 market expectations’, Pok explained. "So far the new year is going well, and the group looks on track… with LBG’s market-leading audience and attractive and differentiated offering to brands, management believe there is clear line of sight to £200m revenues in time. There are positive signs all around that social media will have a solid year for advertising in 2024 which will be supportive of LBG’s growth this year". she said The shares have fallen 9.3% this year but the full-year 2024 price-to-earnings multiple of 0.9 times means Pok is still a buyer. |
Posted at 03/4/2024 06:11 by masurenguy Notice of resultsLBG Media plc, will announce results for the full year ending 31 December 2023 on Thursday 18 April 2024. Management will host an analyst presentation at 09.30am with attendance by invitation only. A recording of the presentation will be available on the LBG Media plc website. |
Posted at 27/3/2024 09:58 by masurenguy Results due next month and a brief reminder from the year end trading update issued in December."The board of LBG Media is pleased with the strategic and financial progress in FY23 as the Group further deepened its market leadership position, now with over 440M followers. Direct blue chip advertiser relationships have grown significantly. The Board expects to report revenue growth from £62.8m last year to approximately £67m for FY23. We also expect adjusted EBITDA* to have grown at least 8% from £15.7m last year to at least £17m in FY23 and with a second half performance of at least £14m, having grown that from £3m reported in the first half of FY23. Adjusting for a reduction in the year-on-year profit contribution from Australia, our underlying adjusted EBITDA would have grown by over 30% year-on-year. |
Posted at 20/12/2023 15:56 by masurenguy Positive Y/E update with sales up 6.7% and EBITDA up 8%. These growth figures would have been higher but for the problems encountered in Australia. Without them, EBITDA would have increased by circa 30%. With a restructuring of Australian operations and new horizons in the US, after completing their recent acquisition there, the prospects for the new year look to be promising.Pre-Close Trading Update The board of LBG Media is pleased with the strategic and financial progress in FY23 as the Group further deepened its market leadership position, now with over 440M followers. Direct blue chip advertiser relationships have grown significantly. The Board expects to report revenue growth from £62.8m last year to approximately £67m for FY23. We also expect adjusted EBITDA* to have grown at least 8% from £15.7m last year to at least £17m in FY23 and with a second half performance of at least £14m, having grown that from £3m reported in the first half of FY23. Adjusting for a reduction in the year-on-year profit contribution from Australia, our underlying adjusted EBITDA would have grown by over 30% year-on-year. We have significantly accelerated our progress into the US this year with the acquisition of Betches Media in October 2023, for an initial consideration of $24m. Both performance and integration are going to plan and its contribution will naturally be much more significant next year as we progress our plans into the US market, which is worth over $363bn. In Australia we have implemented a number of positive changes to make the operating model more efficient from January 2024. This is in response to a year-on-year reduction in Australia's profitability of approximately £3m, with our improvements not only reversing the reduction felt this year but also providing a more efficient model from which to grow, and a potential partnership template to consider for other regions in the future. Our improvements in Australia combine the centralisation of social and web operations into our UK centre of excellence at a more efficient cost base for the indirect revenues and for direct revenues, leveraging a new multi-year strategic partnership model recently announced with the largest online media publisher in the country. Our UK and Ireland businesses have continued to perform well this year highlighting the strength of our differentiated offering, our unrivalled audience growth and high levels of engagement against our competitors as well as the quality of the talent within the business. This is further evidenced by our high conversion rates and significant roster of new and growing clients working with us. Outlook The Board remains confident in the growth outlook for 2024, supported by the progression of our US ambitions with Betches Media, realising the benefits of our new operating model in Australia as well as the opportunities represented by key advertising moments such as Euro 2024 and the Olympics. |
Posted at 15/10/2023 14:30 by masurenguy Thanks for that link SM. Some interesting comments from Abby Glennie on LBG but of course that was 5 months ago and the small cap market has declined since then. The shareprice is circa 17% lower today despite having rebounded a bit over over the past few weeks. The other interesting stock that she commented on was Spirent where the shareprice has virtually halved since then. Spirent has been on my watchlist for some time wheras I'm already invested in LBG and I'm just slightly underwater at the current price. Both of these companies have strong balance sheets and capable management and they are also market leaders in their niche sectors. |
Posted at 17/4/2023 05:47 by tole https://citywire.com |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
