Last checked at 6 Jan 2022 07:00
6 January 2022
Digitalbox plc
("Digitalbox" or the "Company")
Pre-Close Trading Update & Notice of Results
Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash and The Tab, is pleased to provide the following trading update, ahead of the publication of its results for the twelve months to 31 December 2021 which it expects to announce on 29 March 2022.
Following the publication of its trading update on 2 December 2021 the Board of Digitalbox is pleased to report trading across Digitalbox's three brands was stronger than anticipated in December 2021, which is traditionally the Company's most important trading period. As a result, the Company expects revenue and EBITDA* for the year ended 31 December 2021 to be significantly ahead of the recently upgraded market consensus of EBITDA* of £850,000, with revenue now expected to be not less than £3.6 million.
The strong trading resulted from the continued positive trend towards mobile advertising inventory, and better-than-expected traffic from increased editorial investment over the period.
*All EBITDA figures quoted are for Adjusted EBITDA, defined as the profit from operations after deducting depreciation, amortisation, share based payments, acquisition and listing costs, direct costs associated with business combinations and capital restructure costs.
END
Market abuse regulation: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").
Enquiries:
Digitalbox | c/o SEC Newgate |
James Carter, CEO | |
Panmure Gordon (Nominated Adviser, Financial Adviser & Joint Broker) | Tel: 020 7886 2500 |
Alina Vaskina / James Sinclair-Ford (Corporate Advisory) | |
Rupert Dearden (Corporate Broking) | |
Alvarium Capital Partners (Joint Broker) | Tel: 020 7195 1400 |
Alex Davies / Hugh Kingsmill Moore | |
SEC Newgate (Financial PR) | Tel: 07540 106 366 |
Robin Tozer / Isabelle Smurfit | digitalbox@secnewgate.co.uk |
About Digitalbox plc
Based in Bath, UK, Digitalbox is a 'pure-play' digital media business with the aim of profitable publishing at scale on mobile platforms.
Digitalbox operates three trading brands, "Entertainment Daily", "The Tab" and "The Daily Mash". Entertainment Daily produces and publishes online UK entertainment news covering TV, showbiz and celebrity news. The Daily Mash produces and publishes satirical news content. The Tab is the UK's biggest youth culture site fuelled by students.
Digitalbox generates revenue from the sale of advertising in and around the content it publishes. The Group's optimisation for mobile enables it to achieve revenues per session significantly ahead of market norms for publishers on mobile.