Digitalbox PLC (AIM:DBOX) has set out bold plans to double in size over the next three years after posting a sharp rise in profits and highlighting a standout performance from its TV Guide brand, which is on course to repay its acquisition cost within just 24 months.
The mobile-first digital publisher, which owns sites including Entertainment Daily, The Tab and The Daily Mash, reported a 31% rise in revenue to £3.6 million and a jump in adjusted EBITDA to £624,000 for 2024, up from just £20,000 the year before.
That turnaround came despite ongoing pressures in the digital ad market, as the company reaped the benefits of a broader portfolio and increased efficiency.
TV Guide was singled out as a particular success, with traffic surging 90% in the fourth quarter and over 51 million sessions logged across the year. Digitalbox said its tech-driven overhaul of the site helped deliver a vastly improved user experience and drove rapid commercial returns.
The company also brought in new brands including Emmerdale Insider and acquired Walford News and the GRV entertainment portfolio to support future growth.
Chief executive James Carter said the expanded portfolio, now at its most diverse in company history, would give the business “greater resilience and higher growth potential.”
Looking ahead, Digitalbox said it would invest £600,000 in 2025 to support its three-year growth plan. With mobile advertising forecast to continue outpacing the broader market, the company believes it is well-placed to capitalise on a more confident media and marketing environment.