Time Out Group Expands with New Market in New York’s Union Square

Time Out ( (GB:TMO) ) just unveiled an update.

Time Out Group has opened its 13th Time Out Market in New York’s Union Square, marking its second location in the city. This new market, a smaller neighborhood format compared to its flagship in Brooklyn, features seven kitchens and a full-service bar, aiming to create synergies between Time Out Media and Market. The Union Square site, housed in a Class A office building, benefits from a strategic lease agreement, allowing Time Out to receive all site profits. The opening is part of Time Out’s expansion strategy, with additional markets planned for 2026 and beyond, enhancing its presence in the global food and cultural market industry.

The most recent analyst rating on (GB:TMO) stock is a Hold with a £19.00 price target. To see the full list of analyst forecasts on Time Out stock, see the GB:TMO Stock Forecast page.

Spark’s Take on GB:TMO Stock

According to Spark, TipRanks’ AI Analyst, GB:TMO is a Neutral.

The overall stock score is driven by mixed financial performance and bearish technical indicators. However, the strategic expansion into India provides a positive outlook for future growth. The negative P/E ratio and lack of dividend yield weigh on the valuation.

To see Spark’s full report on GB:TMO stock, click here.

More about Time Out

Time Out Group is a global media and hospitality company that inspires people to experience the best of city life. Founded in London in 1968, it operates across over 350 cities in more than 50 countries, offering curated content about city activities through digital and physical channels. The company is known for its Time Out Market, an editorially curated food and cultural market showcasing top chefs and cultural experiences, with locations in cities like Lisbon, New York, and Dubai.

Average Trading Volume: 276,905

Technical Sentiment Signal: Sell

Current Market Cap: £48.25M

Find detailed analytics on TMO stock on TipRanks’ Stock Analysis page.