Market's view on LBG Media
Published on April 2024
- LBG Media plc announced that its audited financial results for 2023 are available, with no material adjustments from the unaudited results.
- Alexander Solomou, CEO of LBG Media, purchased 341,929 shares, signalling confidence in the company’s future after reporting a revenue rise and expanding into the US market.
- The company has shown a positive start to 2024, with revenue and EBITDA growth reported for 2023 and strong global audience engagement statistics.
- LBG Media’s 2023 basic earnings per share decreased to 0.8p from 2.6p in 2022.
- The company’s fiscal 2023 results indicate revenue growth and an 8% increase in adjusted EBITDA, despite challenges in Australia. Future prospects are bolstered by US expansion and operational improvements in Australia.
- LBG Media’s share price has risen by 29% over the past three months.
- The acquisition of Betches Media in October 2023 is viewed as expensive but adds a profitable US-based digital media brand to LBG Media’s portfolio.
- LBG’s positive first-half performance in 2023 included a 10% increase in sales and an 80% increase in EBITDA, with successful strategies attracting global brands and driving enhanced content views.