UK's One Media iP prelim H1 revenue falls on forex impact
UK's One Media iP prelim H1 revenue falls on forex impact
Overview
UK digital music rights acquirer reported H1 revenue down 6% yr/yr due to forex impacts
Adjusted EPS for H1 fell to 0.20p from 0.23p yr/yr
Company improved net cash position and reduced debt facility
Outlook
Company says business is trading in line with management expectations for the year
One Media IP expects continued expansion of digital consumption and streaming to support results
Company remains focused on expanding audience reach and improving catalogue monetisation
Result Drivers
FOREIGN EXCHANGE IMPACT - Co said revenue decline was mainly due to adverse forex movements, with most income received in US dollars
PORTFOLIO MANAGEMENT - Co cited active management of its music catalogue, including new visual content and synchronisation placements, as supporting monetisation
STABLE UNDERLYING ROYALTIES - Co said underlying royalty receipts remained broadly unchanged in US dollar terms despite reported revenue decline
Company press release: ID:nRSe6487Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 2.34 mln |
|
H1 EPS |
| GBP 0.002 |
|
H1 Basic EPS |
| GBP 0.002 |
|
H1 EBITDA |
| GBP 1.10 mln |
|
H1 Net Margin |
| 27.00% |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the entertainment production peer group is "buy."
Wall Street's median 12-month price target for One Media IP Group PLC is GBp9.60, about 123.3% above its July 30 closing price of GBp4.30
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
July 30 - Universal Music Group revenue rises 13.3% on streaming prices
July 28 - Sweden's Storytel Q2 sales rise 12%, lifts 2026 EBITDA outlook
July 29 - France's Claranova FY revenue falls on divestment, FX impact
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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.)