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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
LBG Media
LBG Media (LBG) investor relations material
LBG Media Q4 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 TU earnings summary27 Oct, 2026
Full-year performance
FY26 revenue expected at ~£106.0m vs £92.2m in FY25, up 16% at constant currency and 8% organically.
Adjusted EBITDA expected at ~£16.5m vs £25.2m in FY25, down 35% as previously indicated; organic decline was 40%.
Revenue mix
Direct revenue grew 69% YoY and 57% organically, with continued strong contribution from Betches in the U.S.
Indirect revenue fell 50%, reflecting sector-wide declines in Facebook video and web revenues; investment is focused on original content and IP monetisation, with YouTube a growing focus.
Uncovered and balance sheet
Uncovered, acquired on 19 June 2026, generated ~£6.1m revenue and ~£1.5m adjusted EBITDA through 30 September, and traded ahead of Board expectations.
Net debt was £5.8m at 30 September 2026, versus FY25 net cash of £30.1m; the change reflected the £27m initial Uncovered payment, lower Indirect profitability and continued content investment.
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Latest events from LBG Media
- Direct revenue surged 97% to 72% of total, but EBITDA and indirect revenues declined sharply.LBG
H1 2026 - H1 2024 revenue up 55% to £42.3m, with EBITDA surging 240% and reporting changes announced.LBGTrading update
- Revenue up 55% and adjusted EBITDA up 240%, driven by Direct and U.S. expansion.LBGH1 2024
- Revenue up 22% to £86.2m, with direct and web growth, strong U.S. expansion, and robust cash flow.LBGH2 2024
- Double-digit revenue and EBITDA growth in H1 25, with FY25 revenue set to rise 10%.LBGTrading update
- Double-digit revenue and profit growth in H1 2025, with strong U.S. expansion and robust cash flow.LBGH1 2025
- Double-digit revenue growth and strong US performance drive positive FY25 results.LBGTrading update
- Double-digit revenue growth and strong U.S. momentum drive robust profit and outlook.LBGH2 2025
- Revenue mix shift boosts growth but lowers margins; FY26 guidance raised for revenue, cut for EBITDA.LBGTrading update
Next LBG Media earnings date
H2 20262 Feb, 2027
LBG Media
Next LBG Media earnings date
H2 20262 Feb, 2027
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