Business
Final Audited Results
Final Audited Results.
About this update from Digitalbox Plc
[{"type":"text","content":"\n\n`3\n25 March 2025\nDigitalbox plc\n(\"Digitalbox\", the \"Group\" or the \"Company\")\n \nFinal Audited Results for the year ended 31 December 2024\nDigitalbox plc, the mobile-first digital media business, which owns leading websites Entertainment Daily, The Daily Mash, The Poke, The Tab and TV Guide, today publishes its final audited results for the year ended 31 December 2024.\n Financial Highlights\n\n\n\n\n \n\n\n2024\n£'000\n\n\n2023\n£'000\n\n\n \nVariance\n\n\n\n\nGroup revenue\n\n\n3,645\n\n\n2,790\n\n\n+30.6%\n\n\n\n\nGross profit\n\n\n3,094\n\n\n2,184\n\n\n+41.6%\n\n\n\n\nAdjusted EBITDA(1)\n\n\n 624\n\n\n 20\n\n\n+31x\n\n\n\n\nAdjusted EBITDA margin(1)\n\n\n17.1%\n\n\n 0.7%\n\n\n+16.4% points\n\n\n\n\nCash generated by operations\n\n\n 562\n\n\n 193\n\n\n+191.2%\n\n\n\n\nGross cash\n\n\n2,109\n\n\n1,913\n\n\n+10.2%\n\n\n\n\nNet Cash\n\n\n2,015\n\n\n1,670\n\n\n+20.6%\n\n\n\n\n \n(1) Adjusted EBITDA is defined as the operating profit after adding back depreciation, amortisation, impairment, share-based payments, acquisition costs, costs related to one-off projects and new product development. There was no new product development cost in 2023.\nOperational highlights:\n\n\n\n\n●\n\n\nStrong revenue and EBITDA growth through accelerated publishing operations\n\n\n\n\n●\n\n\nExpansion of the portfolio to eight trading brands, including recent launch of Royal Insider and Reality Shrine\n\n\n\n\n●\n\n\nStrong traffic growth across the portfolio:\n· TV Guide - 90% traffic growth in Q4 year on year, and tracking to repay acquisition cost within 24 months of acquisition\n· The Tab 15% traffic growth year on year\n· The Poke - 22% traffic growth through editorial investment, plus 34% growth in session values\n\n\n\n\n●\n\n\nThe Daily Mash subscriber revenue growth of 108%\n\n\n\n\n●\n\n\nAcquired GRV portfolio and Walford News assets\n\n\n\n\n\nJames Carter, CEO, Digitalbox plc said: \"We believe Digitalbox is well-positioned in the open advertising market, with the agility to adapt in real time while maintaining strong demand for its high-quality inventory. Global insights indicate a steady and measured market recovery throughout 2025, and we see no reason to question these foreca...