By Najat KantouarLBG Media said it expects adjusted earnings and revenue for the year to rise, reflecting significant audience growth and a strong performance in its U.S., U.K. and Ireland businesses. The London-listed digital media publisher said Wednesday that it expects adjusted earnings before interest, taxes, depreciation and amortization--one of the company's preferred metrics that strips out exceptional and other one-off items--for the year ending Dec. 31 to rise 8% to at least 17 million pounds ($21.6 million) from GBP15.7 million. Revenue is expected to be GBP67 million from GBP62.8 million, driven by accelerated progress into the U.S. with the acquisition of Betches Media in October, the company said. "The board remains confident in the growth outlook for 2024, supported by the progression of our U.S. ambitions with Betches Media, realizing the benefits of our new operating model in Australia as well as the opportunities represented by key advertising moments such as Euro 2024 and the Olympics," the company said. Write to Najat Kantouar at najat.kantouar@wsj.com

Source: Wall Street Journal December 20, 2023 08:09 UTC