Pebble Beach Systems (LSE:PEB) reported revenue of £6.5 million for the six months ended 30 June 2026, an increase of 10% from the prior-year period, while adjusted EBITDA rose 25% to £2.5 million.
The broadcast and streaming software provider reported a 260% increase in statutory profit before tax to £1.8 million.
Project revenue increased 19% to £3.1 million, while recurring support and maintenance revenue rose 6% to £3.4 million. Annualised recurring revenue increased 20% to £8.1 million, supported by service-level agreement renewals, contract expansions and new customers.
Net debt excluding leases declined 76% to £0.8 million during the period. Management expects the company to move into a net cash position by the end of 2026.
Pebble added four major customers during the first half, including streaming businesses in the US and Romania and Tier 1 broadcasters in Singapore and Australia. It also secured a contract in the Middle East and completed installations for broadcasters in North America, Dubai and Europe.
The company reported £6.3 million of new orders and said it continued to invest in employees and technology during the period.
Pebble said second-half margins are expected to normalise as higher-margin software licence sales are anticipated to account for a smaller proportion of the revenue mix.
The company also plans to update its capital allocation policy in the new financial year.
More about Pebble Beach Systems
Pebble Beach Systems Group, trading as Pebble, provides software for broadcast and streaming operations.
Its products include playout automation and integrated channel technology and are used to control more than 1,000 channels for broadcasters across more than 60 countries.
The company’s revenue includes software projects alongside recurring support and maintenance income generated through service-level agreements.
Leave a Reply