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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.
Time Out Group
Time Out Group (TMO) investor relations material
Time Out Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary18 Aug, 2026
Financial performance
Group revenue for FY26 expected at £72m, with continuing operations revenue up 11% to £61m.
Continuing Market revenue rose 8% to £40m, with 13 operational Markets and five more in development.
Continuing Media revenue increased 17% to £21m, returning to adjusted EBITDA profitability.
Media growth driven by UK/US sales, client retention, new business, and cost efficiencies.
Refinancing of maturing senior debt is progressing as planned.
Operational highlights
Three new Markets opened in FY26, expanding the portfolio by 30% to 13 locations.
New Markets added 88,000 sq ft, 38 kitchens, seven bars, and 1,780 seats; Union Square introduced a smaller format.
12 million visitors welcomed across all Markets.
Five additional Markets in development, with New Delhi and São Paulo under a new franchise model.
Secured a flagship London Market at Piccadilly Circus post year-end, increasing pipeline to six.
Media and audience growth
Global monthly reach grew 31% to 280 million people across multiple channels.
Coverage now spans 350+ cities in over 50 countries; active registered users up 7% to 2.5 million.
Weekly editorial reviews doubled, and video content share increased.
Revenue mix shifted toward direct client relationships, live experiences, commerce, and partnerships.
Media generated 110,000+ transactions and £7.3m gross merchandise value; live events revenue at £2.4m.
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Latest events from Time Out Group
- EBITDA up 23% to £6.0m, Media profitable, Markets expand, leverage and refinancing risks persist.TMO
H1 2026 - Revenue fell sharply and losses widened, with refinancing risk creating going concern uncertainty.TMOH2 2025
- Adjusted EBITDA up 770% to £8.5m, with strong growth in media and market segments.TMOH2 2024
- FY24 EBITDA set to exceed expectations amid strong sales and audience growth.TMOTrading Update
- Markets growth offsets Media challenges as Time Out targets doubled EBITDA in two years.TMOTrading Update
- Market growth and operational synergies expected to drive stronger H2 EBITDA.TMOH1 2025
Next Time Out Group earnings date
H2 202618 Dec, 2026
Time Out Group
Next Time Out Group earnings date
H2 202618 Dec, 2026
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Frequently asked questions
Time Out Group plc is a global media and hospitality company with a diversified portfolio that includes both digital and physical platforms. Founded in 1968, the company operates through two main segments: Time Out Market and Time Out Media. The Time Out Market segment is renowned for its food and cultural markets that feature a mix of local specialities from top chefs, while the Time Out Media segment focuses on digital and print advertising, local marketing solutions, live events tickets, and franchise activities. The company's headquarters are located in London, United Kingdom, and its shares are listed on the London Stock Exchange.