LADBible publisher LBG Media (LBG:AIM) seems to be in full recovery mode ahead of its half-year results on 18 September.

Back in July, the youth-focused publisher posted a strong interim trading update with direct revenue increasing by 92% to £22 million and signaled continued growth in the US.

Global audience numbers increase to 493 million up from 410 million in the first half of 2023.

Peel Hunt analyst Jessica Pok says [US digital media brand] Betches has performed well together and together with LBG brands has secured strong client wins in the US.

However, she adds it is crucial to understand whether the change in Facebook’s [META:NASDAQ] commercial model has impacted trading to date as that could imply more upside risk to the numbers going into the second half.

The group is expected to report first half revenue of around £42 million representing growth of 55% compared to last year with an uplift from Euro-themed campaigns throughout the tournament.

Adjusted EBITDA (earnings before interest, taxation, depreciation and amortisation) is expected to be £10.2 million, an increase of 240%, driven by operational leverage, the Betches acquisition and a more efficient operating model in Australia and New Zealand.

Investors will be waiting to see whether the global implementation of a new commercial model for Facebook at the end of the first half has paid off and short-term volatility for the group has been ironed out.

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

16 Sept: Wilmington

17 Sept: Springfield Properties

18 Sept: MJ Gleeson, Supermarket Income REIT, PZ Cussons

19 Sept: Galliford Try

FIRST-HALF RESULTS

17 Sept: JTC, Northcoders, DP Poland, Good Energy, Jadestone Energy, Team17, Warpaint London, Fintel, Henry Boot, Kingfisher

18 Sept: Quiz, M&C Saatchi, LBG Media, Argentex, Skillcast, Star Energy, Strix

19 Sept: Judges Scientific, Next, S4 Capital

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