logo-loader
viewIconic Labs PLC

Iconic Labs continues to build business with new partnerships

Snapshot

  • Online marketing business
  • Managing JOE Media
  • Looking to expand brand portfolio
Iconic Labs PLC - Iconic Labs continues expansion with bolt-on acquisitions

Quick facts: Iconic Labs PLC

Price: 0.00925 GBX

LSE:ICON
Market: LSE
Market Cap: £762.96 k
Follow

 

What Iconic Labs does

Iconic Labs PLC (LON:ICON) is a media and technology business focused on online marketing, content and technology products.

The company is headed by chief executive John Quinlan and chief business officer Liam Harrington, the founders of social first publishing site UNILAD, currently one of the biggest news and entertainment sites in the world, with around 42mln followers on its Facebook page.

Iconic’s current focus is on expanding its own content platform as well as a portfolio of digital brands and products through both acquisitions and organic growth.

 

How it's doing

For the six months ended 31 December, 2019, the company reported a loss of £848,233, down from a £1.18mln loss a year ago, while also recording revenues of £2,500.

Iconic said that “significant progress” had been made in putting together core elements from which it can “implement the strategy of building a new media and technology business”, and that going forward it will be focusing on “organic growth based upon deploying the team's skills and commercial experience in the sector alongside acquiring publishing platforms which we can leverage to sell those skills”.

Iconic also said that with more people staying at home during the coronavirus outbreak, it is “confident” of seeing a “long term increase in demand for its online publishing content and platforms”.

 

Inflexion points

  • In July, Iconic signed two management deals to manage the JOE media business, which was bought out of administration by Greencastle Capital following its collapse in May
  • CEO John Quinlan said he expects firm to be profitable within three months following the JOE deals
  • In June, the company signed a marketing agreement with a UK fresh produce brand through its GSN (Gay Star News) network
  • In April, Iconic inked a partnership with ad agency M&C Saatchi PLC as its coronavirus fact-checking site, Infotagion, hit 2mln readers

 

Executive Interview – CEO John Quinlan

 

Blue Sky

The attractiveness of social first publishing isn’t lost on advertisers, who are increasingly moving away from traditional platforms to target the rapidly expanding social media user base.

Given that around 2.8bn people use social media, that is a massive audience to service.

However, with such a huge web of platforms, all with their own content types and algorithms, most advertisers are likely to need specialists who can help navigate the digital landscape.

That’s where firms like Iconic Labs come in, with Quinlan saying one of the company’s unique selling points is their top team’s experience of not just helping others operate in the space but working in it themselves while at UNILAD.

“Our key skill is using social media tools for what they’re meant for, discovering new things and building brands.”

With digital advertising spend expected to increase to US$335bn in 2020 from US$270bn in 2018, expertise in social first seems set to become even more sought after.

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Iconic Labs PLC named herein, including the promotion by the Company of Iconic Labs PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Market Report: FTSE 100 retreats as UK employment tumbles

Headlines from the Proactive UK newsroom. The FTSE100 was on the back foot as the new job numbers highlighted how business is suffering due to the pandemic. The blue chip-index shed 60 to 6,232. People on UK payrolls fell by 649,000 between March and June, according to the government....

3 weeks, 1 day ago

3 min read