LBG Media (LBG)

Sector:

Media

Index:

FTSE AIM All-Share

110.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 115.50
  • 52 Week Low: 63.50
  • Currency: UK Pounds
  • Shares Issued: 209.08m
  • Volume: 992,259
  • Market Cap: £229.99m

LADbible owner LBG Media underwhelms with 2023 guidance, shares drop

By Benjamin Chiou

Date: Wednesday 20 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Shares in "digital youth publisher" LBG Media dropped by 10% on Wednesday after the LADbible owner seemingly underwhelmed the market with revenue and profit growth guidance for the year.
The publisher said it expects to report revenues of £67m for the 2023 financial year, up 6.6% on last year, as it has "further deepened its market leadership position".

Adjusted EBITDA is expected to have grown by "at least" 8% to £17m or above, though this would have been 30% if it wasn't for a drop in profits in the Australia division.

Shares were down 9.8% at 79p by 0833 GMT.

LADbible now has over 440m followers, up from 410m at the half-year stage, while October's acquisition of women's media brand Betches Media for $24m is expected to help the company carve out a position in the US market.

UK and Ireland businesses are performing well, with high conversion rates and a "significant" roster of new and growing clients.

Over in Australia, where there was a £3m reduction in profitability during the year, the LBG is making a number of changes to the operating model from next year, combining the centralisation of social and web operations into its UK operations at a more efficient cost base for the indirect revenues and for direct revenues.

"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," the company said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LBG Media Market Data

Currency UK Pounds
Share Price 110.00p
Change Today -4.00p
% Change -3.51 %
52 Week High 115.50
52 Week Low 63.50
Volume 992,259
Shares Issued 209.08m
Market Cap £229.99m

LBG Media Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.29% below the market average48.29% below the market average48.29% below the market average48.29% below the market average48.29% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
49.48% above the market average49.48% above the market average49.48% above the market average49.48% above the market average49.48% above the market average
14.89% above the sector average14.89% above the sector average14.89% above the sector average14.89% above the sector average14.89% above the sector average
Income Not Available
Growth
73.57% below the market average73.57% below the market average73.57% below the market average73.57% below the market average73.57% below the market average
48.84% below the sector average48.84% below the sector average48.84% below the sector average48.84% below the sector average48.84% below the sector average

LBG Media Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
09:10 54,298 @ 114.00p
09:10 400,000 @ 114.00p
16:35 1,610 @ 110.00p
16:35 803 @ 110.00p
16:35 5 @ 110.00p

LBG Media Key Personnel

CEO Alexander William Solomou
CFO Richard Jarvis

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