Josh Simons.
ASX-listed publisher and music company Vinyl Group, forecasting its first profitable quarter in December, reported a 190% surge in revenue to $14.4 million in the year to June.
The jump reflects a three-fold increase in Vinyl Media revenue through acquisition growth and a nearly two-fold increase in revenue for the company’s technology platforms through organic growth.
The net loss for the year was $15.84 million, an improvement on the negative $16.88 million the year before.
Multi-platform views were up almost 250%, driven by investment in editorial, events and brand partnerships, through publications including Rolling Stone AU/NZ, Refinery29 and Concrete Playground.
Vinyl earlier this year created a media division, Vinyl Media, to house both its owned and licensed titles.
The company has been on the acquisition trail since it closed the purchase of The Brag Media, which includes licensed titles Rolling Stone Australia and Variety Australia, in early 2024.
Vinyl, announcing full year results, expects positive EBITDA (earnings before interest, taxes, depreciation and amortisation) in the December quarter, underpinned by a 2026 financial year revenue target of $25 million and a lower cost base.
“Over the past year, we have brought together key foundational elements of the music ecosystem to build a unique business model in the music and entertainment industry, with global growth potential,” said CEO Josh Simons.
“Our operational footprint, revenue base, and customer reach expanded significantly in FY25 through a combination of acquisitions and organic growth.
“We have extensive media and technology capabilities and we are now developing a suite of AI-driven publishing tools that harness our extensive media assets to expand and diversify global revenue streams.
“As we enter FY26, our focus is firmly on disciplined cost control and responsible capital management, restructuring operations and implementing revenue and cost synergies to establish robust, profitable operations as the platform for accelerated scalability and future growth.
“The business is now approaching an inflection point as we work towards our first profitable quarter in December 2025.”
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