Sparks - Alter Ego Media

Alter Ego Media has delivered a strong set of H126 results with revenue growing by c 25%, EBITDA up by c 47% and operating profit more than doubling, increasing by c 115%. The figures were boosted by the annualisation and first-time contribution of acquisitions made in the Live Entertainment and Publishing divisions.

The strongest growth was in the Publishing division, with revenue growing by c 39% and EBITDA up by c 82%, with the margin increasing to almost 26% from just under 20% in H125. It was good to see a moderation in circulation declines, to about 4% in H126 from the 7–8% declines seen through FY25.

The Broadcasting & Content Creation division grew revenue by c 3%, while EBITDA increased by a very healthy 26%. The division has seen a strong increase in licensing of its content, which almost doubled; however advertising was modestly down versus H125.

The newly created Live Entertainment division contributed €6.2m of revenue and €1.5m of EBITDA to the group totals of €74.0m and  €25.1m, respectively.

The improvement in profitability fed through to a good improvement in free cash generation, which was positive in H126 versus an outflow in H125.