Direct revenue surge masks profit warning at social publisher LBG Media
A sharp rise in direct advertising revenue has failed to prevent a profits warning at LBG Media, the Manchester-based social media publisher behind LADbible and Betches.
The AIM-listed company downgraded full-year profit guidance for the second time in two months, now expecting adjusted EBITDA of £15m to £20m for the year to September 2026, down from previous guidance of £22m.
Shares are trading at almost a third of their value of a year ago, with an opening price of 33p this morning.
Revenue for the six months to 31 March... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
