Pre-Close Trading Update & Notice of Results
06/01/2022 06:59
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RNS Number : 5695X Digitalbox PLC 06 January 2022
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 Tel: 020 7886 2500
(Nominated Adviser, Financial Adviser & Joint Broker)
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.
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