HOPSCOTCH GROUPE : 2025 Revenue

Core Insights - HOPSCOTCH Groupe reported historically high activity levels for the financial year 2025, with total revenue of €271.1 million and a gross margin of €98.9 million, despite a decline compared to 2024 [3][10] - The revenue decline was 15.0% year-over-year, with a more significant drop in the second half of 2025 compared to the first half [1][3] - The events segment experienced the most significant decline, while the consulting business and Hopscotch Season showed resilience and growth [4] Financial Performance - First half revenue for 2025 was €118.5 million, while the second half revenue was €152.6 million, indicating a sequential improvement in business activity [1][2] - Gross margin for the first half was €45.9 million, and for the second half, it was €53.0 million, reflecting a decline of 5.6% for the full year [1][3] - The gross margin for 2025 was close to €100 million, which is significant given the high comparison base from the Paris 2024 celebrations [3] Segment Analysis - The events segment generated a gross margin of €43.5 million in 2025, indicating a notable decline [4] - The consulting business maintained a high level of activity with a gross margin of €26.6 million [4] - Hopscotch Season recorded a gross margin of €26.4 million, up 10.4%, while Hopscotch Tourism generated €9.4 million [4] Market Context - The absence of the Paris Motor Show in 2025, a biennial event, contributed to the decline in activity levels [3] - More than one-third of the gross margin was generated outside France, highlighting the importance of international diversification as a growth driver [4]