Ebiquity has issued a trading update which highlights that macroeconomic conditions in North America have remained challenging, with client caution persisting for longer than anticipated as a result. We have conservatively updated our FY25E forecasts around the latest guidance with revenue of £74.5m, a 7% reduction from previous forecasts and broadly in line with FY24A. Our adj. EBITDA forecast declines 33% to £8.4m, reflecting YoY growth in operating expenses of c.1%, down from c.3%, due to a c ....
