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UBC MEDIA

Equities

7DIG

GB00BMH46555

7Digital Group plc Reports Earnings Results for the Half Year Ended June 30, 2021

September 30, 2021 at 02:00 am EDT

7digital Group plc announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was GBP 3.270 million compared to GBP 3.097 million a year ago. Operating loss was GBP 1.847 million compared to GBP 950,000 a year ago. Net loss was GBP 1.909 million compared to GBP 945,000 a year ago. Basic loss per share from continuing operations was GBP 0.0007 compared to GBP 0.0004 a year ago.

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Company Profile

7digital Group plc is a United Kingdom-based company that provides business-to-business (B2B) end-to-end digital music solutions. The Company's business is engaged in the provision of scalable technical infrastructure combined with global music rights used to create music streaming and radio services. It operates through three segments: Licensing, Content and Creative. Its Licensing segment is engaged in the creation of software solutions for managing and delivering digital content. Its Content segment is engaged in the sales of digital music direct to consumers. Its Creative segment is engaged in the production of audio and video programming for broadcasters. It caters to a diverse range of B2B customers, including consumer and social media brands, online fitness companies, mobile carriers, broadcasters, automotive systems, record labels and retailers. The Company's wholly owned subsidiaries include 7digital Limited, 7digital Creative Limited and 7digital Trading Limited.

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