Azerion Group N.V. – Interim Unaudited Financial Results Q3 and Year To Date 2025

Core Insights - The company reported solid third-quarter performance with revenue growth of 8% to €119.8 million and Adjusted EBITDA growth of 13% to €14.4 million, indicating steady execution within continuing operations [1][4] - The divestment of Whow Games, completed on July 14, 2025, for €55 million upfront and up to €10 million earn-out, simplifies the business and reinforces focus on the core advertising platform [2][5] - Successful refinancing of bonds reduced debt by €40 million, with new bonds totaling €225 million at a lower interest rate, enhancing financial flexibility [3][8] Financial Performance - Continuing operations reported total revenue of €119.8 million in Q3 2025, an increase of 8% from €110.9 million in Q3 2024, and Adjusted EBITDA of €14.4 million, up 13% from €12.8 million in Q3 2024 [4] - Year-to-date (YTD) total revenue reached €371.1 million, an 8% increase compared to €344.1 million in YTD 2024, with Adjusted EBITDA of €38.4 million, a 14% increase from €33.8 million in YTD 2024 [4] - Overall group results showed total revenue of €122.5 million in Q3 2025, a decrease of 2% from €124.8 million in Q3 2024, while YTD revenue was €397.9 million, up 4% from €383.2 million in YTD 2024 [6] Strategic Moves - The divestment of Whow Games is part of a long-term strategy to simplify the business structure and focus on digital advertising as the core business [5] - The expansion into cloud infrastructure and AI-driven solutions aims to enhance profitability and unlock new product development opportunities [5] - The refinancing of bonds and reduction of nominal debt by €40 million is expected to increase financial flexibility and support ongoing strategic initiatives [7][8]