musicMagpie’s (MMAG’s) trading update reporting weaker Technology outright revenue in recent months is consistent with statements from a number of consumer-facing companies that have highlighted a more challenging background. With a more cautious outlook for the remainder of H222, management expects lower revenue and a lower EBITDA contribution, albeit still anticipating y-o-y growth, than at the time of the H122 results. We have reduced our FY22–24 EBITDA estimates by 19–30%. Following the weak ....
27 Sep 2022
musicMagpie - Weak Technology outright sales
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musicMagpie - Weak Technology outright sales
musicMagpie plc (MMAG:LON) | 6.5 0 0.0% | Mkt Cap: 7.01m
- Published:
27 Sep 2022 -
Author:
Russell Pointon -
Pages:
3
musicMagpie’s (MMAG’s) trading update reporting weaker Technology outright revenue in recent months is consistent with statements from a number of consumer-facing companies that have highlighted a more challenging background. With a more cautious outlook for the remainder of H222, management expects lower revenue and a lower EBITDA contribution, albeit still anticipating y-o-y growth, than at the time of the H122 results. We have reduced our FY22–24 EBITDA estimates by 19–30%. Following the weak ....