London · Delayed Price · Currency is GBP · Price in GBX LBG Media Earnings Call Transcripts
Fiscal Year 2026
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Direct revenue nearly doubled year-over-year, now making up 72% of total revenue, while indirect revenues declined sharply due to industry shifts and platform changes. EBITDA margins fell as investment focused on direct business and IP, with guidance revised conservatively amid ongoing market volatility.
Fiscal Year 2025
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Double-digit revenue and profit growth driven by strong U.K. and U.S. performance, especially in direct revenues and IP monetization. Strategic investments in AI, talent, and M&A support future growth, with margins and cash conversion remaining robust.
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Revenue grew 13% and profit 18% year-over-year, driven by strong U.S. momentum and expanding Gen Z reach. Adjusted EBITDA rose 18% to £12.2 million, with robust cash generation and ongoing investment in leadership, technology, and M&A.
Fiscal Year 2024
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Revenue grew 22% year-over-year to £86.2m, with direct revenue up 39% and web revenue up 77%. Adjusted EBITDA rose 16% to £24.5m, and the business exited the year with strong cash and diversified revenue streams. Full-year 2025 revenue is expected to increase by 10%.
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Revenue grew 55% year-on-year to £42.3m, with adjusted EBITDA tripling to £10.2m and strong cash generation. Direct and indirect segments both saw robust growth, U.S. expansion accelerated, and the business remains confident in meeting full-year expectations.