News

Pebble Beach Systems Group Expects Strong Performance and Growth in 2023 and Beyond

James L. Flint

• January 31, 2024

Pebble Beach Systems Group, a leading broadcasting-software company, announced its optimistic outlook for the year ahead. The company anticipates delivering a resilient performance in 2023, surpassing market forecasts. Furthermore, Pebble Beach Systems Group foresees continued growth in 2025 and beyond.

Improved Financial Results For the year ended December 31, the company projects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of £3.8 million ($4.8 million). This is a notable increase from £3.3 million reported in the previous year. In terms of revenue, Pebble Beach Systems Group expects substantial growth to £12.4 million compared to £11.2 million previously. Notably, the business generated £5.2 million in recurring revenue, representing an impressive 13% growth during this period.

Factors Contributing to Growth Pebble Beach Systems Group attributes its positive outlook to several key factors. The company expects the rate of growth in recurring revenue to continue beyond fiscal year 2023. This growth will be driven by customers in implementation going live, new customer acquisitions, increased software usage, and incremental inflationary adjustments in the existing contracts.

With this promising forecast and strong financial performance, Pebble Beach Systems Group is well-positioned for future success.