Digitalbox confident it can cope with headwinds following 'strong' first half
Commercial transformation of The Tab was a driving force behind the performance, said CEO James Carter
Company
LON:PLMO
Digitalbox PLC is a 'pure-play' digital media business with the aim of profitable publishing at scale on mobile platforms. The company primarily generates revenue from the sale of advertising in and around the content it publishes. Its optimisation for mobile enables it to achieve revenues per session significantly ahead of market norms for publishers on mobile.
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Commercial transformation of The Tab was a driving force behind the performance, said CEO James Carter
First half revenue rose approximately 40% year-on-year to £1.9mln
The strong start to the year was reflected in a 40% increase in revenues to £1.9mln
"The site will complement the Digitalbox portfolio and benefit from the company's technology stack while enabling us to focus our efforts in the Voice space," said TVguide founder Chetan Damani
Late Night Mash was TV channel Dave's third-most watched programme of 2021
The owner of websites such as Entertainment Daily and The Daily Mash, saw its user base grow 82% year-on-year, with an average of 22mln monthly users visiting Digitalbox sites.
The owner of Entertainment Daily, The Daily Mash and The Tab now expects underlying profit to be “significantly ahead” of the recently upgraded market forecast of £850,000
Entertainment Daily session values rose by 43% with ad unit prices up over 30%
Digitalbox licenses the brand's content for use on television to the show's producers, Zeppotron
For the past 11 years, Phil Machray has worked for Reach (formerly Trinity Mirror), the UK’s largest national and regional newspaper group
Retail sales and purchasing manager indices will be the main events on Friday, with little competition from scheduled company announcements
Audience figures recovered to 12mln monthly users in December, with more than 250mln ad impressions delivered
The company is considering potential acquisitions as it expects higher audience engagement
The digital media business also said the Tab website is continuing its positive integration following its acquisition in October, reaching profitability after just three months of ownership
Marcus Rich, who joins on February 17, 2021, was most recently chief executive of TI Media
The media firm also said the integration of student website The Tab is “progressing well” and that revenues for the site in October and November have been “ahead of initial expectations”
The company is paying £750,000 for the student publisher
The company said growth in website traffic and revenues in the first quarter had offset the impact of the coronavirus pandemic, while its Daily Mash satire website saw record traffic during the UK's lockdown
The website operator also highlighted that its news satire site The Daily Mash had recorded record audience figures in the early stages of lockdown
The owner of The Daily Mash said changes to people's lifestyle as a result of the outbreak “may provide more opportunity for audience engagement” as traffic surged