Published 2 months ago

Musicmagpie sees earnings boost from Black Friday and its 'smart for the planet' solution

Summary by Ground News

Recommerce firm MusicMagpie reports slide in profits as pandemic boom subsides. Musicmagpie share price soars after strong results on Black Friday tech sales. BT and Aurelius walk away from MusicmagPie deal. Music magpie eyes sale of business as value plummets.

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Musicmagpie sees earnings boost from Black Friday and its 'smart for the planet' solution

Musicmagpie has reported a boost to annual earnings after the second-hand smartphone seller experienced a “record” Black Friday last November. The firm posted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £7.5m for the year ended 30 November 2023, up 15 per cent from £6.5m in 2022. Musicmagpie said its overheads ticked down £1.3m to £31.7m in 2023 as it continued with cost-cutting measures, including reducing staff …

2 months ago·London, United Kingdom

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Musicmagpie sees earnings boost from Black Friday and its 'smart for the planet' solution

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Musicmagpie sees earnings boost from Black Friday and its 'smart for the planet' solution

Musicmagpie sees earnings boost from Black Friday and its 'smart for the planet' solution

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