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LBG Media (LBG) investor relations material
LBG Media Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Revenue performance and mix
Revenue grew 19% to £52.4m in H1 26, with constant currency growth of 22%, up from 10% in FY25.
Direct revenue streams now account for over 70% of total revenue, up from about 55% in FY25.
Indirect revenue streams did not recover, with continued impact from Meta's Facebook algorithm changes.
Profitability and investment
Adjusted EBITDA fell to £8.0m (H1 25: £12.2m) due to investment in leadership, sales, and revenue mix shift.
EBITDA margin decline reflects higher Direct revenue share, which has lower margins than Indirect.
Strategic initiatives and technology
Ongoing investment in generative AI is driving productivity and client engagement.
Expansion in the U.S. and UK Direct markets is supported by senior hires and growing blue-chip client demand.
- Double-digit revenue growth and strong U.S. momentum drive robust profit and outlook.LBG
H2 202528 May 2026 - Double-digit revenue and profit growth in H1 2025, with strong U.S. expansion and robust cash flow.LBG
H1 202526 May 2026 - Revenue up 22% to £86.2m, with direct and web growth, strong U.S. expansion, and robust cash flow.LBG
H2 202426 May 2026 - Revenue up 55% and adjusted EBITDA up 240%, driven by Direct and U.S. expansion.LBG
H1 202426 May 2026 - H1 2024 revenue up 55% to £42.3m, with EBITDA surging 240% and reporting changes announced.LBG
Trading update26 May 2026 - Double-digit revenue and EBITDA growth in H1 25, with FY25 revenue set to rise 10%.LBG
Trading update26 May 2026 - Double-digit revenue growth and strong US performance drive positive FY25 results.LBG
Trading update26 May 2026
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