Digitalbox reports on a "mixed bag" of a year in 2022
March 30, 2023 at 03:56 am
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Digitalbox PLC (AIM:DBOX) CEO James Carter speaks to Proactive following the release of final results for 2022, that he describes as a "mixed bag" of a year for the digital media business. He also gives his take on wider trends affecting the global advertising market and looks ahead to what investors can expect from the company during 2023.
Here's the story from earlier:
Digitalbox PLC (AIM:DBOX), the AIM-quoted owner of leading websites Entertainment Daily, The Daily Mash, The Tab and The Poke, managed to bolster its cash position and achieve EBITDA growth in 2022 despite a small revenue dip.
Group revenues of £3.6mln underperformed 2021 results by -2.4%, though underlying earnings did increase 5.1% to £1.08mln, just above expectations, due to improved margin control.
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Digitalbox plc is a United Kingdom-based holding company. Its principal activities are the publication of consumer media through the digital mobile channel, with revenues derived from programmatic advertising. It owns and operates four trading brands, including Entertainment Daily, The Daily Mash, The Tab and The Poke. Entertainment Daily produces and publishes online United Kingdom entertainment news covering TV, showbiz and celebrities. The Tab is the United Kingdom student and youth culture site fueled by a network of 30 local university sites. The Daily Mash delivers online satirical news articles in its own distinctive style. The Poke provides an antidote to the daily grind, delivering fast-turnaround topical distractions, hand-picking the funniest stuff on the Web. Its Graphene Ad Stack enables it to on-board new partners to its sites and reduces friction, driving optimal commercial performance. Its subsidiary, Digitalbox Publishing Limited, owns Amazon Alexa TV Guide skill.