Informa TechTarget re-confirmed its revenue range for 2024, with reported revenues expected to be $285 million to $295 million and pro forma revenues expected to be $490 million to $500 million. This implies broadly flat underlying revenues for the year, reflecting a subdued market backdrop.
The company also confirmed expectations for growth in adjusted EBITDA in 2025, which it designates as 'The Foundation Year' for Informa TechTarget. The focus for 2025 is on combining strengths across brands, products, go-to-market strategies, and talent, while over-delivering on operating cost synergies.
Informa TechTarget anticipates a low to mid-single-digit year-on-year decline in revenues across the first half of 2025, with the growth trajectory expected to improve through the second half of the year. The company is tracking ahead of its Year 1 operating cost synergy target of $5 million and remains confident in achieving or exceeding the overall $45 million run-rate synergies targeted by Year 3.
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