Business
Final Audited Results year ended 31 December 2021
Final Audited Results year ended 31 December 2021.
About this update from Digitalbox Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3081G\n Digitalbox PLC\n 29 March 2022\n \n \n \n \n \n \n \n 29 March 2022\n \n \n \n \n \n Digitalbox plc\n \n \n (\"Digitalbox\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Final Audited Results for the year ended 31 December 2021\n \n \n \n \n \n Digitalbox plc, the mobile-first digital media business, which owns leading websites Entertainment Daily, The Daily Mash and The Tab, today publishes its final audited results for the year ended 31 December 2021.\n \n \n \n \n \n The Company will host a live investor presentation through the Investor Meet Company platform today at 10.00am (further details below).\n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n \n \n Variance\n \n \n \n \n \n \n Group revenue\n \n \n \n \n £3.7m\n \n \n \n \n £2.2m\n \n \n \n \n +68%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n £3.1m\n \n \n \n \n £1.7m\n \n \n \n \n +89%\n \n \n \n \n \n \n Gross profit margin\n \n \n \n \n 86%\n \n \n \n \n 76%\n \n \n \n \n +10 ppts\n \n \n \n \n \n \n Adjusted EBITDA(1)\n \n \n \n \n £1.0m\n \n \n \n \n £0.3m\n \n \n \n \n +237%\n \n \n \n \n \n \n Adjusted EBTDA margin(1)\n \n \n \n \n 28%\n \n \n \n \n 14%\n \n \n \n \n +14 ppts\n \n \n \n \n \n \n Profit/loss before taxation\n \n \n \n \n £0.63m\n \n \n \n \n £(0.14)m\n \n \n \n \n +£0.77m\n \n \n \n \n \n \n Net cash generated from operating activities\n \n \n \n \n £0.51m\n \n \n \n \n £0.38m\n \n \n \n \n +34%\n \n \n \n \n \n \n Gross cash\n \n \n \n \n £2.2m\n \n \n \n \n £1.9m\n \n \n \n \n +16%\n \n \n \n \n \n \n \n \n \n (1) Adjusted EBITDA is defined as the operating profit/(loss) after adding back depreciation, amortisation, share based payments, acquisition and listing costs, direct costs associated with business combinations and capital restructure costs.\n \n \n \n \n \n Operational Highlights\n \n \n · \n Entertainment Daily was named by UK Press Gazette as the fastest growing news site in the UK for two months running\n \n \n · \n User base grew 82% year-on-year\n \n \n · \n Average of over 22m monthly user visits to Digitalbox sites - providing truly significant user scale to the market\n \n \n · \n New Graphene Ad Stack enables optimisations to be rapidly applied - ensured The Tab Dec...