Digitalbox hikes FY revenue and EBITDA guidance

Digital media business Digitalbox upgraded full-year earnings and revenue expectations on Thursday after trading across its three brands was stronger than anticipated in December, traditionally the company's most important trading period.

As a result, Digitalbox expects revenue and underlying earnings for the year ended 31 December to be "significantly ahead" of the recently upgraded market consensus, with EBITDA pegged to be roughly £850,000 and revenue now expected to be at least £3.6m.

The AIM-listed group said the strong trading resulted from continued positive trends towards mobile advertising inventory, and better-than-expected traffic from increased editorial investment over the period.

As of 1115 GMT, Digitalbox shares were up 8.02% at 10.10p.