LBG Media, the owner of the LadBible social-media brand, issues another profits warning for its current financial year. The company says it now expects full-year underlying earnings to be between £15 million and £20 million, following a continued decline in search traffic, which it links to weaker performance across parts of its digital audience and content discovery. The update indicates that results remain under pressure and that revenue and earnings forecasts are being adjusted to reflect the trading environment. The company’s statement focuses on changes to expected underlying earnings rather than giving detailed segment-by-segment guidance. With the search-traffic headwind persisting, investors are told that the latest range replaces previous expectations. The warning is presented as an update to current trading prospects and does not specify that any other major business disruption is responsible. Overall, the sources agree that LBG Media is revising profit forecasts downward due to reduced search traffic and that the revised outlook sets a £15 million to £20 million range for full-year underlying earnings.
LadBible owner LBG Media warns profits will fall as search traffic declines
LBG Media, the owner of the LadBible social-media brand, issues another profits warning for its current financial year. The company says it now expects full-year underlying earnings to be between £15...
- LBG Media, owner of LadBible, issues a further update warning on full-year profits.
- The company expects full-year underlying earnings to be between £15 million and £20 million.
- LBG Media links weaker trading to a decline in search traffic.
- The update revises the company’s prior earnings expectations for the year.
- The company provides an updated earnings range rather than final results.
LBG Media said it now expects full-year underlying earnings to come in at between £15 million and £20 million.
15 hours ago
US appeals tariff-refund order after Supreme Court ruling; CBP processes refunds
The Trump administration formally appeals an order requiring refunds of roughly $166 billion in tariffs that the U.S. Su...
Asian stocks mixed as Iran-war uncertainty weighs on oil and follows Wall Street moves
Asian markets trade mixed as investors react to shifting signals from Wall Street and uncertainty around a possible Iran...
SpaceX files for record-setting IPO targeting up to $75 billion
SpaceX has filed documents for an initial public offering (IPO), setting up what multiple outlets describe as a potentia...