B90 achieved Adjusted EBITDA profitability in H1 and management is confident of meeting market expectations for Adjusted EBITDA to double in H2. The company grew H1 revenue 83% yoy and significantly reduced expenses after the new management team successfully shifted B90 to a B2B model. B90 expects an even stronger H2, with the company restructuring behind it and a strong start to the football season driving a record August. We forecast the company achieves positive FCF in H2 and cash rises to €1 ....

23 Sep 2024
B90 Holdings (B90 LN) - H1 results: Maiden profits

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B90 Holdings (B90 LN) - H1 results: Maiden profits
B90 Holdings plc (B90:LON) | 2.3 0 0.0% | Mkt Cap: 10.1m
- Published:
23 Sep 2024 -
Author:
Bob Liao, CFA -
Pages:
7 -
B90 achieved Adjusted EBITDA profitability in H1 and management is confident of meeting market expectations for Adjusted EBITDA to double in H2. The company grew H1 revenue 83% yoy and significantly reduced expenses after the new management team successfully shifted B90 to a B2B model. B90 expects an even stronger H2, with the company restructuring behind it and a strong start to the football season driving a record August. We forecast the company achieves positive FCF in H2 and cash rises to €1 ....