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UBC MEDIA

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7DIG

GB00BMH46555

7digital Group plc Provides Earnings Guidance for the Year Ended 31 December 2017

February 09, 2018 at 07:00 am

7digital Group plc provided earnings guidance for the year ended 31 December 2017. Unaudited revenue for 2017 is expected to be up 52% at £17.3 million. Losses at Adjusted LBITDA level are expected to be significantly reduced from the previous period and be better than market expectations.

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Company Profile

7digital Group plc is a United Kingdom-based company that provides business-to-business (B2B) end-to-end digital music solutions. The Company's business is engaged in the provision of scalable technical infrastructure combined with global music rights used to create music streaming and radio services. It operates through three segments: Licensing, Content and Creative. Its Licensing segment is engaged in the creation of software solutions for managing and delivering digital content. Its Content segment is engaged in the sales of digital music direct to consumers. Its Creative segment is engaged in the production of audio and video programming for broadcasters. It caters to a diverse range of B2B customers, including consumer and social media brands, online fitness companies, mobile carriers, broadcasters, automotive systems, record labels and retailers. The Company's wholly owned subsidiaries include 7digital Limited, 7digital Creative Limited and 7digital Trading Limited.

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