Time Out Group PLC (AIM:TMO), the global media and hospitality business, expects revenue from continuing operations to rise by 11% to £61 million for the financial year ended 30 June 2026.
Total group revenue for the period is projected at approximately £72 million, compared with £73 million in the previous financial year.
The company returned its media division to adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) profitability following cost reduction programmes and higher sales in the United Kingdom and the United States.
Continuing media revenue increased by 17% to £21 million, driven by direct advertising, live experiences, and commerce.
Indirect programmatic advertising fell to less than 10% of total media revenue, while repeat clients accounted for approximately 53% of direct media sales in the UK and the US.
The group expanded its global digital reach by 31% to roughly 280 million monthly users across its editorial channels, social platforms, video outputs, and newsletters.
Continuing revenue from the hospitality division, which operates large food and cultural markets, grew by 8% to £40 million.
The company opened three new food markets in Budapest, Vancouver, and the Union Square district of New York during the financial year, increasing its operational estate from 10 to 13 sites.
These venues welcomed 12 million visitors during the 12-month period across approximately 88,000 square feet of hospitality space.
Five additional food market locations remain under development in Abu Dhabi, New Delhi, São Paulo, Prague, and Riyadh.
The planned sites in New Delhi and São Paulo represent the group’s first agreements under a new capital-light franchise model designed to expand operations across India and South America.
Following the end of the financial year, the business secured a sixth development site on Regent Street at Piccadilly Circus in London.
To support the London project, the company agreed to expand an existing loan note instrument with shareholder Oakley Capital Limited (LSE:CAPD) from £1.1 million to £2.1 million.
The additional £1 million borrowing carries an unchanged interest margin of the Sterling Overnight Index Average (SONIA) benchmark rate plus 8%.
The company confirmed that separate discussions to refinance its maturing senior debt facility remain on schedule.
