News

LBG Media plc (AIM: LBG), the global digital entertainment business with a focus on young adults, announces that its audited financial results for the year ended 31 December 2023 are available to view on the Company's website at www.lbgmedia.co.uk. The audited final results contain no material adjustments to the unaudited results announced on Thursday, 18 April 2024.

The Company's Annual General Meeting ("AGM") will be held at the London office, Level 2, The Relay Building, 114 Whitechapel High Street, London, E1 7PT at 9:30 a.m. on 23 May 2024. An electronic copy of the Notice of AGM will be available shortly on the investor section of the Company's website www.lbgmedia.co.uk. The 2023 Annual Report and Accounts is available at https://lbgmedia.co.uk/results-reports-presentations/annual-report and will be posted to shareholders, together with the notice convening the 2024 AGM, in due course.

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Notes to editors

LBG Media is a global digital entertainment business with a focus on young adults and a leading disrupter in the digital media and social publishing sectors. The Group produces and distributes digital content across a range of mediums including video, editorial, image, audio, and experience (virtual and augmented reality). Since its inception in 2012, the Group has curated a diverse collection of specialist brands using social media platforms (primarily Facebook, Instagram, Snapchat, X, YouTube and TikTok) and has built multiple websites to reach new audiences and drive engagement. Each brand is dedicated to a distinct popular interest point (e.g. sport, gaming etc.), which is designed to achieve broader engagement, increase relevance and ultimately build a loyal community of followers.

The Group operates two core routes to market: Direct revenue, which is principally generated from the provision of content marketing services to corporates, brand owners, marketing agencies and other entities such as government bodies and where the relationship with the client is held directly by LBG Media; and Indirect revenue, which is generated via a third-party, such as a social media platform or via a programmatic advertising exchange / online marketplace, which holds the relationship with the brand owner or agency.