Trading Statement
Revenue expected at £28m in line with expectations, but adjusted EBITDA guidance lowered to small loss.
vs expectations: below
- Revenue circa £28 million
- Adjusted EBITDA small loss
- Cash at year-end £7.8 million
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Dianomi, a leading provider of native digital advertising services to premium clients in the Business, Finance and Lifestyle sectors, announces the following trading update for the year to 31 December 2024.
The Company now expects revenue for the year to be broadly in line with market expectations at circa £28 million and to record a small loss at adjusted EBITDA* level compared to market expectations of a small profit. While traffic across the Group's premium publisher base remains steady, the uplift from the US election was less pronounced than widely anticipated. Alongside this, demand from our premium advertiser base has been softer than expected. Cash at the year-end is expected to be in line with market expectations of £7.8 million and the Company remains debt-free.
*Adjusted EBITDA is calculated as loss or profit after tax before deducting net finance costs, tax, depreciation, exceptional costs and share based payment charges
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.