Business
Interim Results - Correction
Interim Results - Correction.
About this update from Digitalbox Plc
[{"type":"text","content":"\n\nThe following amendment has been made to the 'Interim Results' announcement released on 24th September 2024 at 7:00 under RNS No 3241F.\n \nThe second column of the financial highlights on page 1 should be H12023 not H12024.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n24 September 2024\n \nDigitalbox plc\n(\"Digitalbox\", the \"Group\" or the \"Company\")\n \nUnaudited interim results for the six months ended 30 June 2024\n \nDigitalbox plc, the mobile-first digital media business, which owns leading websites Entertainment Daily, The Daily Mash, The Tab, The Poke and tvguide.co.uk today publishes its interim results for six months to 30 June 2024 (the \"First Half\", the \"Period\", or \"H1 2024\").\n \nFinancial Highlights:\n \n\n\n\n\n \n\n\nH1 2024\n\n\nH1 2023\n\n\nVar\n\n\n\n\n\n\n\n£m\n\n\n£m\n\n\n\n\n\n\n\nGroup revenue\n\n\n1.6\n\n\n1.2\n\n\n32%\n\n\n\n\nGross profit\n\n\n1.4\n\n\n1.0\n\n\n44%\n\n\n\n\nAdjusted EBITDA*\n\n\n0.2\n\n\n(0.1)\n\n\n260%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash generated from operations\n\n\n0.3\n\n\n(0.1)\n\n\n487%\n\n\n\n\nGross cash balance\n\n\n2.0\n\n\n2.6\n\n\n(24)%\n\n\n\n\nNet cash balance\n\n\n1.8\n\n\n2.3\n\n\n(22)%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGross margin\n\n\n84%\n\n\n77%\n\n\n+7 ppts\n\n\n\n\nAdjusted EBITDA* margin\n\n\n14%\n\n\n(11)%\n\n\n+25 ppts\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPence\n\n\nPence\n\n\nPence\n\n\n\n\nEPS\n\n\n0.02\n\n\n(0.15)p\n\n\n0.17\n\n\n\n\n \nCash at bank on 20 September 2024 was £2.2m, up 13% since 31 December 2023.\n*Adjusted EBITDA is stated before depreciation, amortization, impairment of goodwill and intangible assets and share based payment charges.\n \nHighlights\n· Group revenue up 32% to £1.6m (H1 2023: £1.2m)\n· Buoyant January and February Entertainment Daily session volumes (traffic) via Facebook and Google\n· The Tab session volume growth of 3%\n· The Poke session volume growth of 21%\n· The Daily Mash Premium content offering reaches over 4,200 paying subscribers\n· Daily Mash signs book deal to publish \"The Daily Mash Class Wars - A Field Guide to Being British\" in Q4\n· Developmen...