Vinyl EBITDA declines as breakeven deadline looms

Vinyl Group’s full year FY2025 results show the media network’s revenue increased but EBITDA position worsened, leaving it with a tough battle to hit a self-imposed December deadline for breakeven.

EBITDA is a measure of profitability before interest payments, tax, depreciation and amortisation have been taken into account. The numbers posted on Friday afternoon show Vinyl’s EBITDA worsening by $3.7m compared to the year before (to -$10m). Vinyl’s net profitability (after tax) slightly improved, shifting from a loss of $16.6m in FY24 to a loss of $15.8m last financial year.

An excerpt from Vinyl’s 2025 accounts

Revenue increased from $5m to $14.4m, primarily through acquisitions: the group bought Mediaweek, Funkified Entertainment and Concrete Playground in the period. There was also a big increase in its “organic” revenue from technology platforms, albeit to a relatively modest total of $3.3m.