One Media has released strong FY20A results, with Adj EBITDA up c28% to £1.6m, comfortably beating our forecasts (FY20E £1.3m), boosted by strong consumer demand on streaming platforms. Whilst COVID-19 has meant a slight delay to the closure of acquisitions, the pipeline remains strong, and we expect a number of deals to complete in H2/21E. We release new forecasts for FY22E (Adj EBITDA £2.2m), with growth driven by further increases in demand for streaming, new service offerings (eg TCAT), and ....
31 Mar 2021
Cenkos: One Media iP Group Plc -- Results Ahead of Expectations
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Cenkos: One Media iP Group Plc -- Results Ahead of Expectations
One Media iP Group PLC (OMIP:LON) | 4.2 0 6.2% | Mkt Cap: 9.45m
- Published:
31 Mar 2021 -
Author:
Peter Renton -
Pages:
7
One Media has released strong FY20A results, with Adj EBITDA up c28% to £1.6m, comfortably beating our forecasts (FY20E £1.3m), boosted by strong consumer demand on streaming platforms. Whilst COVID-19 has meant a slight delay to the closure of acquisitions, the pipeline remains strong, and we expect a number of deals to complete in H2/21E. We release new forecasts for FY22E (Adj EBITDA £2.2m), with growth driven by further increases in demand for streaming, new service offerings (eg TCAT), and ....