LBG Media

LBG Media plc is a UK-based digital youth publisher operating multiple brands and channels. Known for its expansive social following, the group reaches a vast global audience with its content, which has been particularly successful in engaging the youth market​​.

Financial Performance

For the first half of 2023, LBG Media reported revenue of £27.2 million, which is approximately a 10% increase from the same period in the previous year. The Adjusted EBITDA for the same period showed a remarkable increase of 84%, reaching £3.0 million. The company maintains a healthy cash position, reporting £32.7 million in cash, showing its ability to generate cash effectively​​.

Strategic Focus:

The company is focused on three strategic growth pillars: geographic expansion, acquisitions, and leveraging its existing brands. A recent example of this strategy in action is the acquisition of Betches, a U.S.-based media brand aimed at women, which complements the group's existing portfolio of youth-focused content​​.

Market Position and Analyst Outlook:

Despite a downturn in the advertising market, LBG Media has posted growth, indicating resilience and adaptability in challenging market conditions. Investment bank Berenberg issued a "BUY" update following the company's positive trading update. It’s important to note that one of the co-founders, Arian Kalantari, resigned from the company in July 2023, which could have implications on the management dynamic moving forward​​.

Ownership and Investments:

Significant shareholders include Artemis Investment Management LLP with 3.18 million shares (1.54% of the company), FIL Investments International with 1.90 million shares (0.92%), and Momentum Global Investment Management Ltd. with 919.07 thousand shares as of the latest data from September 2023​.

Forward-Looking Statements:

The company has provided earnings guidance for the year 2023, indicating confidence in meeting full-year market expectations based on its current performance trajectory​​.