Digitalbox hikes FY revenue and EBITDA guidance

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DigitalBox

4.25p

16:55 14/11/24

0.00%

0.00p

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.

FTSE AIM All-Share

729.38

16:54 14/11/24

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Media

12,866.04

16:38 14/11/24

1.25%

158.48

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.