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LBG Media - Hugely eps enhancing deal to buy Betches

November 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LBG
  • Price:
  • 89.5p
LadBible, the company born out of a sexist Facebook page, and which under chief executive Alexander  Solomou has since become one of the biggest global publishers on social media, has this month announced its first acquisition since the IPO.   It is buying Betches Media, a group of US-based digital media content production and publication businesses, which brings in 10 female-focused news brands, a US presence, and introduces new capabilities, including Podcasting. The brands have an established audience of 32m, of which 25m are US based (86% of the audience is female). Betches has a strong growth track record and in FY22 had sales of US$14.6m (£11.8m) and EBITDA of US$3.9m (£3.2m) at a margin of 27%. LBG Media is buying th ...

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