Time Out Group (TMO)

Sector:

Media

Index:

FTSE AIM All-Share

 17.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 57.00p
  • 52 Week Low: 16.50p
  • Currency: UK Pounds
  • Shares Issued: 357.41m
  • Volume: 14,926
  • Market Cap: £60.76m
  • RiskGrade: 111

Time Out to beat profit forecasts after strong Q4

By Benjamin Chiou

Date: Thursday 20 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Time Out Group gained on Thursday morning after the media and hospitality company said full-year profits are expected to beat forecasts on the back of a strong fourth quarter.
The company reported improving sales growth rates, with both media and market sales accelerating during the three months ending 30 June.

The fourth quarter saw the opening of Time Out Porto in May, bringing its portfolio of markets to eight.

A further eight new markets are in development and should open over the next three years, including Barcelona, Bahrain, Osaka, Vancouver and Budapest in the next 12 months.

Meanwhile, Time Out's online monthly audience has risen by 5% to 142m, with TikTok and Instagram driving growth with a combined audience up more than 100% year-on-year.

As a result, the company said EBITDA for the year should beat the current consensus forecast of £6.7m, compared with £5.3m the year before.

"We are pleased with our recent trading performance and are increasingly confident that this momentum will continue as we approach the new financial year," said chief executive Chris Ohlund.

"Our growth plan and strategic decisions are delivering results; our strong brand and curated 'best of the city' content continues to attract more traffic to our digital Media and more footfall to our Markets, alongside our pipeline of openings."

The stock was up 5.5% at 54.88p by 0856 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Time Out Group Market Data

Currency UK Pounds
Share Price 17.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 57.00p
52 Week Low 16.50p
Volume 14,926
Shares Issued 357.41m
Market Cap £60.76m
RiskGrade 111

Time Out Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.26% below the market average16.26% below the market average16.26% below the market average16.26% below the market average16.26% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
91.46% below the market average91.46% below the market average91.46% below the market average91.46% below the market average91.46% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Income Not Available
Growth
0.55% above the market average0.55% above the market average0.55% above the market average0.55% above the market average0.55% above the market average
24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average

Time Out Group Dividends

No dividends found

Trades for 18-Jul-2025

Time Volume / Share Price
15:46 10,191 @ 16.50p
15:36 4,729 @ 16.50p
11:26 6 @ 17.50p

Time Out Group Key Personnel

CEO Chris Ohlund
CFO Matthew Robert Phillip Pritchard

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