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CLIQ Reports Second Quarter 2025 Results
Globenewswire· 2025-08-07 05:30
Core Insights - The CLIQ Group reported a decrease in sales by 4% quarter-on-quarter to €48 million in Q2 2025, primarily due to challenging market conditions [3][4] - The company has withdrawn its 2025 financial guidance due to significant disruptions in the payments ecosystem affecting customer acquisition and revenue [6][9] - The net cash position improved to €20 million as of June 30, 2025, up from €14 million at the end of Q1 2025, indicating better liquidity management [3][4] Financial Performance - Sales in North America decreased by 7% to €34 million in Q2 2025, while Europe and Latin America saw increases of 5% and 11% respectively [2][4] - Total customer acquisition costs fell by 20% to €12 million in Q2 2025, reflecting a strategic shift towards profitability [4][12] - EBITDA increased by 5% to €3 million in Q2 2025, with an EBITDA margin of 7%, up from 6% in Q1 2025 [2][4] Customer Metrics - The number of unique paying customers decreased to 0.6 million as of June 30, 2025, down from 0.8 million at the end of Q1 2025 [12] - The expected average lifetime value (LTV) of a customer rose by 7% to €75 in Q2 2025, attributed to acquiring higher-value customers [12] - The lifetime value of the customer base (LTVCB) declined by €12 million to €89 million compared to Q1 2025, due to the reduction in customer numbers [12] Operational Challenges - Recent changes in the digital payments ecosystem have restricted the company's ability to process payments from existing customers and acquire new ones [6][8] - The management has indicated that the financial impact of these developments cannot be reliably quantified at this time, but they expect a material adverse effect on revenue [8][9] - The largest shareholder, Dylan Media, has expressed opposition to a public partial share repurchase offer, emphasizing the need to preserve liquidity [10][11] Management Commentary - The CEO noted that while the EBITDA margin improved, overall performance was hindered by a weak U.S. dollar and ongoing market challenges [13]
Dylan Media Controls 40% of Share Capital and Requests Significant Share Buyback Offer
Globenewswire· 2025-06-12 13:30
Core Points - CLIQ Digital AG has a new principal shareholder, Dylan Media B.V., which now holds approximately 19.1% of the shares and has agreements for an additional 21.2%, totaling a 40.3% stake in the company [1][9] - Dylan Media has requested CLIQ's Management and Supervisory Boards to include a significant share buyback offer in the agenda for the Annual General Meeting 2025, proposing to buy back up to 2,060,000 shares at €6.06 per share, which is 15% higher than the six-month volume-weighted average share price [2][4] - The proposed buyback would represent 59% of CLIQ's remaining free floating share capital and would lead to a reduction in CLIQ's share capital after the completion of the buyback [3][5] Shareholder and Market Impact - If the buyback is approved, shareholders can divest their shares at €6.06, which is a 75% increase from the Xetra closing price of €3.46 prior to the announcement [4] - Following the significant changes in shareholder structure and limited liquidity, CLIQ is considering delisting from all stock exchanges after the share buyback offer [5][6] - Dylan Media has decided not to pursue a public partial tender offer for CLIQ shareholders, reflecting a strategic shift after achieving significant influence through direct acquisitions [7] Upcoming Events - CLIQ has scheduled its Annual General Meeting for 21 August 2025 in Düsseldorf, where the share buyback offer and potential delisting will be discussed [8][9] - The company will provide further information regarding the results of the share buyback offer and delisting considerations in due course [5] Company Overview - CLIQ Digital is a data-driven online performance marketing company that sells bundled subscription-based digital products globally, operating in 40 countries with a workforce of 132 employees from 33 nationalities as of 31 December 2024 [12][13] - The company is headquartered in Düsseldorf and is listed in the Scale segment of the Frankfurt Stock Exchange [13]
What's Behind The 1,000% Rise For SBET Stock?
Forbes· 2025-05-28 12:40
Core Viewpoint - SharpLink Gaming has transformed from a struggling online marketing company to a potential leading publicly-traded Ethereum proxy, following a significant stock surge of 1,067% after announcing a $425 million private placement to adopt Ethereum as its primary treasury reserve asset [1] Financial Performance - SharpLink's revenues have decreased by 31%, from $5.0 million to $3.4 million over the past 12 months, underperforming the S&P 500's growth rate of 5.5% [2] - Quarterly revenues have dropped by 24.0%, from $0.976 million a year ago to $0.742 million in the most recent quarter [2] Profitability Metrics - The company reported an Operating Income of -$4.0 million, resulting in an Operating Margin of -116.8%, compared to 13.2% for the S&P 500 [3] - SharpLink's Operating Cash Flow (OCF) was -$4.0 million, yielding an OCF Margin of -117%, while the S&P 500 has an OCF Margin of 14.9% [3] - The Net Income of -$3.2 million indicates a Net Income Margin of -94.1%, contrasting with the S&P 500's 11.6% [3] Strategic Transformation - The $425 million raise positions SharpLink as a publicly-traded Ethereum vehicle, akin to MicroStrategy's role as a Bitcoin proxy, with a more integrated approach through leadership from Joseph Lubin and backing from major crypto venture capital firms [4] - The focus on sports betting and iGaming industries may benefit from blockchain integration, particularly with support from the Ethereum ecosystem [4]
CLIQ Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 05:30
Core Insights - CLIQ Group reported a significant decline in sales and customer metrics for Q1 2025, with total sales down 32% year-on-year to €50 million, primarily due to challenging market conditions [4][5] - The expected average lifetime value (LTV) of a customer decreased by 14% to €70, reflecting higher churn rates and a reduction in the number of paying customers to 0.8 million [4][11] - The company is undergoing a transformation program named "Fit For Future," aimed at improving cost efficiencies and productivity, which has been largely concluded but will continue to optimize operations [11][13] Financial Performance - Sales in North America fell by 24% and in Europe by 50%, while Latin America saw a slight increase of 4% [5] - Total customer acquisition costs decreased by 49% to €15 million, indicating a strategic shift towards profitability [5] - EBITDA before special items was €4 million, down 31% year-on-year, but the EBITDA margin remained stable at 7% [5][6] Cash Flow and Liquidity - As of March 31, 2025, the net cash position improved to €14 million from €12 million at the end of 2024 [6] - Operating free cash flow turned positive at €2 million, compared to a negative €4 million in Q1 2024, driven by a positive change in working capital [6] Customer Metrics - The number of unique paying customers decreased to 0.8 million from 1.1 million year-on-year, reflecting a focus on profitability over sales growth [11] - The lifetime value of the customer base declined by €35 million to €101 million, attributed to the reduction in customer numbers and lower expected LTV [11] Outlook - For 2025, CLIQ anticipates generating EBITDA between €10 million and €15 million, with expected sales ranging from €180 million to €220 million [12]