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Jaxsta Limited ( (AU:VNL) ) has issued an announcement.
Vinyl Group Ltd’s subsidiary, Funkified Entertainment, is on track to meet its CY25 earn-out target, validating Vinyl’s acquisition strategy. Funkified has secured significant contracts, including a renewal with the Ashes Test Cricket Series and a new deal with an international automotive client, expected to boost its revenue and exceed its EBIT target. This success underscores the effectiveness of Vinyl’s strategy to integrate profitable businesses, enhancing group margins and strengthening its market position.
More about Jaxsta Limited
Vinyl Group Ltd is an ASX-listed company in Australia, operating within the music industry. It provides technology and media solutions that connect music creators, fans, and brands. The company’s portfolio includes Vinyl.com, Vampr, Jaxsta, and Serenade, covering e-commerce, social networking, music credits, and digital collectibles. Vinyl Media, its publishing arm, offers premium content and live experiences, managing platforms like Concrete Playground and licensing well-known mastheads in Australia.
Average Trading Volume: 508,526
Technical Sentiment Signal: Sell
Current Market Cap: A$126.5M
For a thorough assessment of VNL stock, go to TipRanks’ Stock Analysis page.