7digital trading update shows 52% rise in revenues
Posted on: 9 février 2018, by : Stuart Dredge

B2B digital-music firm 7digital has issued a trading update showing strong growth in its full-year revenues. The company says it expects to report revenues of £17.3m for 2017, up 52% year-on-year.
“Losses at Adjusted LBITDA level are expected to be significantly reduced from the previous period and be better than market expectations,” claimed the company in its update to the markets.
7digital says operational restructuring is already underway following its acquisition of 24-7 Entertainment last June, including “the closure of the company’s office in Paris and a reduction in headcount”.
The post 7digital trading update shows 52% rise in revenues appeared first on Music Ally.
Source: Music ally

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