10th Jul 2019 11:23
(Alliance News) - Digitalbox PLC on Wednesday said its trading in the first half of 2019 was "consistent" with its expectations for the year as a whole.
Speaking at the digital media company's annual general meeting on Wednesday, Chief Executive James Carter said: "Our Entertainment Daily platform has continued to deliver excellent levels of audience engagement with its core 30- to 60-year-old female demographic, and the size of its unique user base has grown in the first six months of the year."
Carter said the company's buy-and-build strategy was in effect in the first six months of 2019, following the acquisition of satirical website The Daily Mash in March.
The company's financial year ends March 31.
"The process of integrating this brand has gone well to date, and we have identified new opportunities to scale the brand further beyond the direct website activity. There continues to be a great deal of interest around the BBC2 show the Mash Report that was nominated for a BAFTA this year," Carter added.
He continued: "The market remains rich with opportunity as the team builds the business. Whilst we continue to review possible acquisition targets, we are also exploring new growth opportunities within the existing business."
Shares in Digitalbox were down 3.7% in London on Wednesday at 6.50 pence each.
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