Time Out Group, owner of Time Out magazine, has said it expects revenues for the first six months of the year to reach £18.7m, marking a 13 per cent rise year-on-year.

Today’s trading update, which precedes the release of full financial results for the first half of the year in September, is said to be “in line with management expectations”.

The group’s digital arm delivered revenue growth of 25 per cent, with advertising growing by 8 per cent, driven by a 55 per cent rise in revenue from paid-for “Premium Profiles” for businesses.