Ebiquity – 2025 results, how well positioned really for “a return to growth”?

Describing itself as “the independent authority in marketing effectiveness” Ebiquity (EBQ) has announced results for the 2025 calendar year headlined “FY25 results in line with January 2026 trading update. Decisive strategic and operational actions, including key leadership changes, position the Group to return to growth”. With how creditable “in line” performance is dependent on how demanding what it’s in line with is and ‘position to return to growth’ suggesting it was most recently trading decline, what’s the results and outlook detail?

Ebiquity – directors share purchases, attempted ramptastic?

Describing itself as “a world leader in media investment analysis”, Ebiquity plc (EBQ) has issued a further “Director/PDMR Shareholding” announcement following another just a couple of days ago. How do they compare to the valuation here with the shares currently falling below 14p?

Ebiquity – interims, emphasises “11% H1 2025 adjusted operating profit growth” BUT…

Writing last week on Ebiquity plc (EBQ), describing itself as “a world leader in media investment analysis”, I cautioned with the shares falling towards 14p including that its upcoming half-year results statement was not going to be good. So what about the now-announced results headlined “Operational discipline delivers 11% H1 2025 adjusted operating profit growth despite North America market conditions” and the shares at 14.25p?

Ebiquity (#EBQ) – H1 swing to even adj. loss, notes “uncertain macroeconomic environment in North America”

Ebiquity – with it previously recent North America “challenging market conditions”, it’s now no longer in line with expectations…

Most recently writing on company describing itself as “a world leader in media investment analysis” Ebiquity (EBQ), last month with it stating “trading for the full year continues to be in line with market expectations” and the shares falling just below 20p I questioned whether trading would continue to be such considering North American market challenges were recent and it stating “continue to monitor the challenging US macroeconomic environment closely”. I concluded, at least ahead of the 29th September-scheduled half-year results detail, still avoid and now, despite that only next week, a “Trading Update” – scheduling which rarely bodes well!

Ebiquity (#EBQ) – trading update caution with “uncertain macroeconomic environment in North America”

Ebiquity – argues “trading for the full year continues to be in line with market expectations”, but will it continue to be so?…

Describing itself as “a world leader in media investment analysis”, Ebiquity (EBQ) has issued a trading update headlined “Growth across UK & Ireland and Continental Europe” and “Trading in line with Board expectations”. So what about a current more than 13% lower share price response to below 20p?

Ebiquity – 2024 results emphasise “stronger H2 performance” and “encouraging start to 2025”, but how ‘encouraging’ really is the outlook?…

‘Media investment analysis’ company Ebiquity (EBQ) has announced its results for the 2024 calendar year including emphasising “stronger H2 performance” and stating “encouraging trading in the first quarter of 2025, slightly ahead of management's expectations for both revenue and adjusted operating profit. The board is encouraged by the strategic progress being made under its reshaped leadership team”. So what of a 24.5p share price still comparing to above 40p last summer?

Ebiquity (#EBQ) – 2024 adj. EPS down to 3.2p, argues “encouraging trading in the first quarter of 2025”

Ebiquity – does “gratifying that the results… are anticipated to be in line with market expectations” mean that CEO Ruben Schreurs is fooling himself or trying to fool everyone else?

Describing itself as “a world leader in media investment analysis”, Ebiquity (EBQ) has issued an “Appointment of NOMAD and Trading Update” announcement including CEO Ruben Schreurs emphasising “it is gratifying that the results for the year are anticipated to be in line with market expectations”. The shares have currently responded just over 3% higher to 22.5p, but why then does that compare with above 40p as recently as last summer?

Ebiquity (#EBQ) – argues recent trading progress, appoints Cavendish as nominated adviser and sole broker

Ebiquity – “a stronger H2 than H1… is proving to be the case”, BUT…

Immodestly describing itself as “a world leader in media investment analysis”, Ebiquity (EBQ) has issued a “Trading Update” commencing that for the 2024 calendar year “a stronger H2 than H1… is proving to be the case”. So what of a current approaching 18% lower share price response to 18.5p?

Ebiquity (#EBQ) – expects 2024 revenue “low single-digit decline”, “below previous expectations”

Ebiquity (#EBQ) – believes likely FY will be below expectations with significant reliance on second half performance

Ebiquity – 2023 results, value Buy for 35% upside?

“Media investment analysis” company Ebiquity (EBQ) has announced results for the 2023 calendar year and that it “look forward to making further profitable progress in 2024”. How good is the news from a current 44p share price?

Ebiquity – trading performance far from reflected in current valuation, BUY

Earlier this month “media investment analysis” company Ebiquity (EBQ) issued a trading update which included “adjusted EBIT is expected to have increased by 31.0% to £12.0 million (2022: £9.2 million), reflecting the impact of cost management and a slightly higher margin business mix” and that it “expect to continue to make further profitable progress this year supported by our transformation programme, continued cost management and our growing Digital Media Solutions business”. We suggest such performance is far from reflected in a 40p per share offer price, £54.5 million market cap, and that the shares are a Buy.

Ebiquity (#EBQ) – notes 2023 growth and “expect to make further profitable progress in 2024”, though still lack of general consumer confidence

Ebiquity (#EBQ) – expects FY20 “small adjusted operating loss”, though H2 “returned to profitability”

Ebiquity (#EBQ) – “disruption is affecting our clients' businesses and their service requirements”, appointment of new CEO

Ebiquity (#EBQ) – 2019 “in line with the board's expectations”, sees opportunities from Accenture's announced closure of media auditing practice