Time Out Media Arm Back in the Black as FY26 Revenue Climbs
Time Out Group's (TMO) Media arm returned to adjusted EBITDA profit with a 17% revenue increase to £21m. Group revenue was £72m, flat year-over-year. The company expanded its global audience by 31% to 280 million and opened new locations. CEO Chris Ohlund attributed the turnaround to strategic progress and operational improvements.
How this was made
The 30-second read
Why it matters
The return to profitability signals operational turnaround, but the company's debt refinancing remains a key risk.
Market read
Primary relevance to TMO shareholders; secondary relevance to UK media sector and debt investors.
What to watch
Ongoing senior debt refinancing and related-party transactions could introduce volatility.
Background
Time Out Group operates a global media brand and physical market venues; the Media division had been loss-making prior to FY26.
Ticker impact
Time Out Group (ticker TMO) reported its Media arm returned to adjusted EBITDA profit and revenue rose 17% to £21m for FY26.
likely upward pressure as investors price in the first EBITDA profit and revenue growth
The new profitability and revenue increase are fresh disclosures that were not previously public, suggesting a favorable market reaction.
Market effects
Improves outlook for UK media and events sector, may lift peers with similar business models.
Modest boost to UK AIM market sentiment.
Limited; primarily relevant to investors tracking niche media companies.
Counterpoint
The profit may be temporary; debt refinancing risks could offset upside.
Key entities
- companyTime Out Group
AIM‑listed media and events company reporting FY26 results.
- shareholderOakley Capital
Existing shareholder providing growth capital and conversion shares.
