StockMarketWire.com - Digital media business Digitalbox said the performance of its showbiz news site 'Entertainment Daily' outperformed market expectations for the year.

Strong advertising and audience growth in the fourth quarter helped to deliver an underlying earnings (EBITDA) of £433,000 and revenue of £1,988,533 for 2018, the company said.

'During the first quarter of 2019, Entertainment Daily's audience and revenue have continued to be strong,' the company said.

'The performance of Entertainment Daily reinforces our belief that our focus on optimisation for mobile enables us to achieve revenues per session significantly ahead of the market norms for mobile publishers. Mobile is the device of choice to access the internet with advertising revenues increasingly following this trend,' said James Carter, CEO, Digitalbox.

'Furthermore, the assimilation of the Daily Mash onto our platform will demonstrate our ability to integrate acquisitions quickly and effectively. We are looking at a pipeline of acquisition opportunities from the digital assets of traditional publishers to pure play digital businesses. We will pursue those that can be purchased, optimised and leveraged to create accretive growth for shareholders to achieve our goal of creating a market-leading, mobile-first digital business.'


At 9:55am: [LON:DBOX] share price was +0.63p at 7.5p



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