Pebble Beach has reported a trading update for FY24 to December that describes challenging industry conditions for the adoption of full-scale IP technology in the broadcast market. The board has proactively prioritised cash generation to ensure optionality in efficient capital allocation – through accelerated debt repayment and/or bolt-on M&A to accelerate growth. Strategic actions implemented in 1Q will result in c.£2m annualised cost savings in FY25E, and involve a short-term R&D reallocation ....
