Operating performance across all Entertainment One Ltd (LON:ETO) (eOne) divisions is in line with management’s full year expectations, with the H1/H2 weighting expected to be broadly in line with last year. As the group’s business grows, so does its library valuation, which has increased by 13% y-o-y to $1.7bn, underpinning c 80% of the current EV.
Full year outlook reiterated
Operating performance is on track to meet full year expectations with the H1/H2 weighting of performance similar to last year. Management has also reiterated its expectation of a net debt to EBITDA ratio of c 1.2x at the end of the year.
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