UK's GlobalData half-year revenue rises on acquisitions
UK's GlobalData half-year revenue rises on acquisitions
Overview
UK data platform's half-year revenue grew 4% yr/yr, with underlying growth of 1%
Adjusted EBITDA for the half-year rose 5%, margin improved to 34%
Company returned over £49 mln to shareholders via buybacks and tenders
Outlook
GlobalData expects FY26 underlying revenue growth at the lower end of market expectations
Company sees FY26 Adjusted EBITDA below market expectations, with margins in line with H1
GlobalData expects a more cautious recovery in margins in the medium term than previously stated
Result Drivers
ACQUISITIONS & ONE-OFFS - Reported revenue growth was mainly driven by recent acquisitions and a one-off complimentary period revenue adjustment
CHALLENGING MARKET - Company said underlying revenue growth was limited by a challenging macroeconomic backdrop and elongated sales cycles
SUBSCRIPTION RESILIENCE - Subscription revenue grew 6%, supported by robust renewal rates, while non-subscription revenue declined due to discontinued and disposed non-core assets
Company press release: ID:nRSN5218Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 162.90 mln |
|
H1 Adjusted EBITDA |
| GBP 54.80 mln |
|
H1 Adjusted EBITDA Margin |
| 34.00% |
|
H1 EBIT |
| GBP 30.90 mln |
|
H1 Pretax Profit |
| GBP 23.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the professional information services peer group is "buy"
Wall Street's median 12-month price target for GlobalData PLC is GBp130.00, about 81.6% above its September 11 closing price of GBp71.60
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)