Time Out Market New York, Union Square Opens

Time Out Group plc (AIM: TMO), the global media and hospitality business, is pleased to announce that Time Out Market New York, Union Square opens to the public today.

This is the Company's 13th food and cultural market following last week's opening of Time Out Market Budapest. There are a further four Management Agreements signed which are set to open in 2026 and beyond, with more Markets in advanced negotiations.

Time Out Market is a food and cultural market that brings the best of the city together under one roof: a curated mix of the city's best chefs, restaurateurs, drinks and cultural experiences. The 10,000-square-foot Union Square site features seven kitchens, a full-service bar and around 240 seats, including on the outdoor terrace.

This is the second Time Out Market in New York where in 2019 a flagship opened in Brooklyn's Dumbo neighbourhood across 24,000 sq ft with 21 kitchens, three bars, a stage, and rooftop views of the Manhattan skyline. By contrast, Time Out Market Union Square is the Company's first neighbourhood Market - a smaller but equally vibrant format which is one of Time Out's focus areas as it is expanding its portfolio.

Time Out's digital expertise also comes to life on screens throughout the Market, featuring curated recommendations from Time Out New York local experts to inspire and engage guests. This also creates revenue synergies between Time Out Media and Market as advertisers can reach a valuable audience through both DOOH ('digital out of home') and in-person events - all under the trusted Time Out brand. Showcasing these unique opportunities, Time Out and Disney's The Lion King on Broadway announced a multi-month partnership with the hit stage production as the exclusive opening sponsor of the new Market. The Time Out team has developed a campaign with a unique blend of digital and in-Market activations, connecting The Lion King with Time Out's audience of food and culture lovers.

The lease agreement for the new site - an Owned & Operated Market, with Time Out receiving 100% of site profits - was signed in February 2025 with Zero Irving, a 'ground up' fully-leased 21-story Class A office building, designed as an innovation and technology hub as part of a joint venture of affiliates of RAL Companies and JRE Partners. The space previously housed a food hall which ensured the Market opened in just a few months and construction capex was lower compared to other sites.

The existing Market portfolio and expected opening schedule based on calendar year is as follows: