Full year trading update
LBG Media PLC reported that revenue and profit are in line with expectations for the full year ending September 30, 2025. The company saw double-digit revenue growth, with revenue reaching £92.2 million, a 10% increase at constant currency compared to £86.2 million in FY24. Adjusted EBITDA grew by 2% to £25.0 million, up from £24.5 million the previous year. Direct revenues increased by 13%, while indirect revenues rose by 2%. The company's net cash and cash equivalents stood at £30.1 million, compared to £27.2 million in the prior year, including a $5.5 million earnout payment to Betches. The board is confident about the growth outlook for FY26.
Select text to share a quote on X · sign in to keep highlights & notes in your LBG notes
Positive momentum for our growth strategy
Healthy pipeline for FY26
LBG Media plc, a social entertainment powerhouse with a focus on young adults, announces a trading update for the full year ending 30 September 2025 ("FY25"). All figures relate to this period, unless otherwise stated.
Trading update
| ● | Revenue and profit in line with expectations : reflecting the strength of our diversified business model and continued demand from brands and social audiences for our content. |
| ● | Double-digit revenue growth and continued profit growth : revenue of £92.2m (FY24 £86.2m), up 10% at constant currency 1 , and adjusted EBITDA £25.0m (FY24 £24.5m), up 2%. |
| ● | Excellent growth in the U.S. , the world's largest advertising market, driven by demand from global blue-chip brands. |
| ● | Direct (content and campaigns for brands and media agencies to reach young adults): revenues up 13%, including double-digit growth in the U.S. and UK. In the UK this was against a tough prior-year comparator, as previously indicated, with the men's football European Championships generating approximately £3.5m of revenue in FY24. |
| ● | Indirect (revenues shared with platforms and partners that place adverts next to LBG Media content on social media and programmatically across our owned and operated websites) : revenues up 2% with a strong performance on social platforms ("Social") offsetting a decline in revenues from our websites ("Web"), due to weaker referral volumes and a tough prior-year comparator, with Web revenues up 77% in FY24. Management actions, including strengthening the team and structure, are expected to support a recovery in the Web business. |
| ● | Strong cash performance : net cash and cash equivalents at 30 September 2025 of £30.1m, compared to £27.2m at 30 September 2024, with cash conversion of 90% 2 . This includes a $5.5m earnout payment made in May 2025 to Betches. |
Outlook
The Board remains confident of the growth outlook for FY26, reflecting LBG Media's diversified model, a healthy pipeline in the U.S. and the UK, and the Group's strong audience engagement.
CEO, Solly Solomou said:
"LBG Media performed strongly in FY25, in line with expectations - with double digit revenue growth and strong cash generation. This performance reflects our diversified revenue streams and demand from global blue-chip brands for our content, particularly in the U.S..
LBG Media is the UK's fifth largest social and digital business. Our leading social entertainment brand for young adults reaches 70% of the UK's Gen Z population. LBG Media's diversified model, progress in the U.S., healthy pipeline and audience engagement support the Board's confidence of further progress in FY26."
Notice of full year results
LBG Media intends to announce its FY25 results in February 2026.
Notes
- Revenue of £92.2m (FY24 £86.2m), up 10% at constant currency, includes an adjustment for APAC. On 8 November 2023, the Group announced changes to the Group's operating model within ANZ, appointing a third-party partner (Val Morgan Digital) to perform commercial operations in the region.
- Cash conversion is calculated as operating cash flow divided by adjusted EBITDA.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.