Shares of York-based online musical equipment retailer Gear4music plc rose about 9% on Wednesday after it published a strong trading update.

Gear4music executive chair Andrew Wass said: “We are pleased to report that the very strong sales momentum highlighted in our previous updates continued over the recent Black Friday weekend, with the Group dispatching over 14,000 orders in a single day across all markets on Cyber Monday, marking the highest revenue day in our history.

“Our operational infrastructure performed well under the increased levels of demand, and although we are still early in the critical peak trading period, the continued strength of trading provides the Board with sufficient confidence to again raise its expectations for the Group’s financial performance for the year ending 31 March 2026.

“This follows the upgrades announced in June, September, October and November 2025, and we now expect EBITDA to be not less than £16.7m.

“We look forward to providing a further trading update after the Christmas period on 20 January 2026.”

Gear4music said it believes that, prior to the trading update, consensus market expectations for the year ending March 31, 2026, were for revenues of £175.1 million, EBITDA of £15.2 million and profit before tax of £6.8 million.