6th Jan 2022 14:09
(Alliance News) - Digitalbox PLC announced on Thursday trading across its three brands - Entertainment Daily, The Daily Mash, and The Tab - were stronger than anticipated in December.
Shares in Digitalbox were up 20% at 11.25 pence each on Thursday afternoon in London.
The Bath-based digital media business said that it now expects revenue for the year to be no less than GBP3.6 million. In 2020, the company posted full-year revenue of GBP2.2 million.
It expects earnings before interest, tax, depreciation and amortisation of GBP850,000. In 2020, Digitalbox saw Ebitda of GBP305,000.
Digitalbox said these figures were "significantly" ahead of its recently upgraded market expectations, announced in early December, which anticipated Ebitda of GBP700,000 and revenue of GBP3.3 million.
The company cited strong trading resulting from a positive trend towards mobile advertising inventory and better-than-expected traffic from increased editorial investment over the period for the rise in expectations.
By Heather Rydings; [email protected]
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