7digital has called 2015 "a successful year", as its preliminary financial results are released.
Results were in line with the Board’s expectations, with total sales broadly similar to the year before at £10.4m (2014: £10.2m). The core of the business, licensing, saw revenues up 21% to £6.5m, representing 63% of total Group revenue for the year. Gross margin grew from 59% to 68% and adjusted LBITDA reduced by 31% to £2.1m (2014: £3.1m).
Currently, 7digital has 46 clients running digital music ...
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowIf you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now