The digital advertising market is growing, but the progress in 2022 was slower than previously expected. Investors had anticipated rapid growth from companies in this area, but they have been disappointed.
Targeted digital advertising services provider Dianomi (LON: DNM) says revenues will be flat in 2022 and EBITDA will halve to around £1.6m. Advertisers are not spending as much as forecast, although the US digital advertising market is growing.
Having joined AIM in May 2021, Dianomi raised £5m at 273p a share and soon after that the share price reached 495p. Since then, the share pric...
