Core Insights - The company reported a strong performance in Q2 2025, with Revenue and Adjusted EBITDA increasing by 6% and 8% respectively, while overall EBITDA more than doubled, reflecting the impact of previous consolidation programs and investments in AI-led efficiency [1][9]. Financial Performance - Total Revenue for Q2 2025 reached €147.4 million, up 6% from €138.7 million in Q2 2024 [9]. - Adjusted EBITDA for Q2 2025 was €18.9 million, an increase of 8% compared to €17.5 million in Q2 2024 [9]. - EBITDA for Q2 2025 stood at €14.0 million, showing a significant increase of 109% from €6.7 million in Q2 2024 [9]. - For the first half of 2025, Total Revenue was €275.4 million, a 7% increase from €258.4 million in H1 2024 [9]. - Adjusted EBITDA for H1 2025 was €30.5 million, up 12% from €27.3 million in H1 2024 [9]. - EBITDA for H1 2025 reached €21.8 million, a 91% increase compared to €11.4 million in H1 2024 [9]. Strategic Focus - The company is undergoing a transformation to simplify its structure and focus on core assets, reinforcing digital advertising as its primary business [3][5]. - The divestment of Whow Games for €65 million is part of this strategy, allowing the company to concentrate on its Advertising Platform and enhance profitability through efficiencies and AI [4][6]. - The continuing operations, particularly the Platform segment, have shown record-breaking performance due to recent consolidation and integration efforts [6][8].

Core Viewpoint - Atilla Aytekin, co-founder of Azerion, transitions from co-CEO to advisor to the Executive Committee and strategy team, marking a significant change in leadership while maintaining his involvement in the company's strategic direction [1][3]. Company Overview - Azerion, founded in 2014, has become one of Europe's leading digital advertising and media platforms, known for its proprietary technology that connects global audiences with advertisers in a cost-effective manner [2][4]. - The company operates in a safe and engaging environment, leveraging a strategic portfolio of owned and operated content alongside partnerships in entertainment and digital publishing [4]. Leadership Transition - Atilla Aytekin has played a crucial role in Azerion's growth, global expansion, and successful listing on Euronext Amsterdam, demonstrating his significant impact on the company's trajectory [2][3]. - The Supervisory Board expressed gratitude for Aytekin's contributions over the past decade, emphasizing his deep industry knowledge and entrepreneurial spirit, which will continue to benefit the company in his new advisory role [3]. Future Outlook - Aytekin expressed confidence in the leadership team and the future of Azerion, indicating a positive outlook for the company's long-term growth strategy as he shifts to a more strategic advisory role [4].

Core Insights - Azerion's Executive Committee and operational leadership team members are acquiring shares in the company, indicating strong confidence in its strategic vision and growth potential [1] - Arctic Securities will purchase up to €1.5 million worth of Azerion shares on behalf of the leadership team, potentially acquiring approximately 1.3 million shares based on the closing price on 28 July 2025 [2] Company Overview - Azerion, founded in 2014, is one of Europe's largest digital advertising and entertainment media platforms, providing advertisers with access to large audiences through proprietary technology [3] - The company is headquartered in Amsterdam and has commercial teams in over 21 cities globally, focusing on impactful advertising solutions for clients and partners [4]

Core Viewpoint - DoubleDown Interactive Co., Ltd. has successfully completed the acquisition of WHOW Games GmbH for €55 million (approximately $64.3 million), with potential additional earn-out payments based on performance targets [1][2]. Company Overview - DoubleDown Interactive is a leading developer and publisher of digital games, particularly in the social casino segment, with its flagship title, DoubleDown Casino, being popular among casual players globally [2]. - The company operates through mobile and web-based platforms, providing authentic Vegas-style entertainment experiences [2]. WHOW Games Overview - WHOW Games, based in Hamburg, Germany, specializes in social casino games and has a strong presence in the European market [3]. - Founded in 2014, WHOW Games is known for its proprietary brand MyJackpot and partnerships with established casino brands, enhancing its market reach [3].

Group 1 - Azerion has sold its subsidiary Whow Games to DoubleDown Interactive for a total consideration of €65 million, consisting of an upfront payment of €55 million and an earn-out of up to €10 million [1] - The sale is part of Azerion's strategy to reinforce digital advertising as its core business while expanding into cloud infrastructure and AI-driven solutions [2][3] - The company has previously optimized its portfolio, including the divestment of its social card games portfolio in 2023 for €81.3 million [3] Group 2 - Founded in 2014, Azerion has become a major player in digital advertising, generating €551 million in revenue in 2024, a 7% year-on-year increase, with a revenue guidance for 2025 between €600–650 million [4] - In Q1 2025, Azerion reported a 68% growth in EBITDA compared to the same period last year, attributed to a focus on efficiency and profitability [4] - The company has launched Azerion Intelligence, a platform providing affordable cloud hosting and access to open-source AI tools, addressing the growing demand for local alternatives to major cloud providers [5]

Core Insights - Azerion, a prominent European digital advertising platform, has sold its subsidiary Whow Games to DoubleDown Interactive for €65 million, consisting of an upfront payment of €55 million and an earn-out of up to €10 million [1][2][3] Company Strategy - The sale is part of Azerion's strategy to reinforce digital advertising as its core business while expanding into cloud infrastructure and AI-driven solutions [2][3] - The company has been optimizing its portfolio, including the divestment of its social card games portfolio in 2023 for €81.3 million [3] Financial Performance - Azerion generated €551 million in revenue in 2024, reflecting a 7% year-on-year increase, with revenue guidance for 2025 projected between €600 million and €650 million [4] - In Q1 2025, the company reported a 68% growth in EBITDA compared to the same period last year, attributed to a focus on efficiency and profitability [4] Market Position - Azerion is positioned as one of Europe's innovative players in digital advertising and is addressing the growing demand for scalable cloud and AI alternatives to large US providers [3][5] - The company recently launched Azerion Intelligence, a platform offering affordable cloud hosting and access to open-source AI tools, catering to the increasing demand for local and cost-efficient AI services [5]

Core Viewpoint - DoubleDown Interactive Co., Ltd. has announced the acquisition of WHOW Games GmbH for €55 million (approximately $64.7 million), with potential additional earn-out payments based on performance targets [1][2][5] Group 1: Acquisition Details - The acquisition will be financed through DoubleDown's cash reserves and is expected to close in the third quarter of 2025 [1] - An additional earn-out payment of up to €10 million is contingent upon WHOW Games meeting specific performance targets during the first two years post-acquisition [1] Group 2: Strategic Intent - DoubleDown aims to leverage WHOW Games' expertise in the European market, particularly in Germany, to pursue growth opportunities [2][5] - The acquisition is expected to create synergies by combining operational expertise, marketing capabilities, and gaming content [5][7] Group 3: WHOW Games Overview - WHOW Games, founded in 2014 and headquartered in Hamburg, Germany, reported unaudited revenue of €41.8 million for calendar year 2024 [7] - The company has a diversified portfolio of social casino apps, including proprietary brands like MyJackpot and Lounge777, as well as third-party offerings [4][7][8] Group 4: Market Context - The European social casino market has shown growth in 2023 and 2024, contrasting with the overall market which is in a mature stage [4] - WHOW Games has established strategic partnerships with prominent global brick-and-mortar casino companies, enhancing its market presence [4][8]

Group 1 - Azerion is in discussions with DoubleU Games regarding a potential sale of Whow Games, which is part of its Premium Games Segment [1][2] - The company remains committed to becoming the European leader in digital advertising and continues to manage its Premium Games Segment for value [2] - There is no agreement or certainty that the discussions with DoubleU Games will result in a transaction [2] Group 2 - Founded in 2014, Azerion is one of Europe's largest digital advertising and entertainment media platforms [3] - The company utilizes proprietary technology to deliver global scaled audiences to advertisers in a safe and engaging environment [3] - Azerion has commercial teams based in 21 cities worldwide to support clients and partners in executing impactful advertising strategies [4]

Core Insights - Azerion is launching a new Multi-Cloud and AI platform named Azerion Intelligence, aimed at providing European businesses with affordable and independent cloud hosting and access to open-source AI capabilities [1][5] - The platform enables AI-enhanced business solutions to operate across multiple global cloud providers, enhancing operational agility, cost efficiency, and reducing dependencies [2][3] Company Offerings - The new platform offers instant access to leading open-source large language models such as Deepseek, Llama, Mistral, and Anthropic, along with a marketplace for advanced AI agents and applications tailored for digital marketing [3][4] - Azerion's platform supports various marketing functions including dynamic ad creation, campaign execution, content creation, and social media management, providing a competitive pay-per-use model [3][4] Expertise and Experience - Azerion has over a decade of experience in high-availability cloud services and machine intelligence, handling approximately half a million advertising auctions every second [4] - The company has developed AI agents to automate tasks such as campaign setup and social media management, facilitating a quick start for partners in their AI journey [4] Mission and Vision - The mission of Azerion is to democratize AI, equipping every European business with the necessary tools and infrastructure to innovate and thrive [5]