LADbible owner LBG Media hails 'strong pipeline' as profit declines

LBG Media PLC on Tuesday announces a surge in Direct UK and Direct US revenue amid a fall in Indirect Web revenue, as interim profit fell declined.

The Manchester, England-based digital entertainment company that runs comedic social media accounts such as LADBible said pretax profit fell 3.4% to £14.0 million in the financial year ended September 30 from £14.5 million a year ago.

Adjusted earnings before interest, tax, depreciation and amortisation rose 2.9% to £25.2 million from £24.5 million.

Revenue rose 7.0% to £92.2 million from £86.2 million. Direct UK revenue was up 11% to £30.0 million from £27.0 million, while Direct US revenue climbed 29% to £18.6 million from £14.5 million. Direct Ireland & rest of world revenue dove 56% to £1.1 million from £2.4 million.

Indirect Social revenue grew 12% to £25.3 million from £22.5 million, while Indirect Web revenue fell 13% to £16.2 million from £18.7 million.

Cash as at September 30 stood at £30.8 million, up 13% from £27.2 million a year prior.

Chief Executive Officer Solly Solomou said: ‘We are accelerating our investment to make the most of our healthy pipeline and the opportunity from major brands who are looking to our scale, content and appeal to reach young adults. Our strong cash generation supports this investment and also selective add-on acquisitions where we see a compelling strategic fit. Our positive momentum in our direct revenue streams, progress in the US, strong pipeline and audience engagement support the board’s confidence of further progress in financial year 2026.’

LBG Media shares were 4.8% lower at 86.60 pence each on Tuesday around noon in London.

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