Core Insights - Sabio Holdings Inc. reported its Q3 2025 financial results, highlighting a 2% year-over-year growth in its core ad-supported streaming category, excluding political and advocacy activities [2][5] - The company experienced significant growth in international revenue, which increased by 240% year-over-year, contributing 19% to consolidated gross revenue [5][11] - Sabio's programmatic revenue reached $1.9 million, accounting for 20% of consolidated gross revenue, indicating strong early adoption and scaling [5][11] Financial Highlights - Q3 gross revenue was $9.3 million, with net revenue at $8.2 million, reflecting an 11% decrease in normalized gross revenue when excluding political and advocacy activities [5][13] - Gross margin stood at 59%, influenced by the growing contribution of scalable programmatic channels [5][13] - Adjusted EBITDA was ($2.2 million), reflecting the revenue mix shift in a non-political year and ongoing investments in growth initiatives [5][13] Business Developments - The company achieved a 54% increase in branded logos in Q3, indicating strong customer diversification [5][11] - Nearly 70% of top customers for 2024 increased their spending year-to-date in 2025, underscoring deepening client relationships [5][11] - Sabio is entering 2026 with a robust pipeline, up nearly 60% year-over-year, and anticipates significant activity due to the upcoming U.S. mid-term elections [7][8] Strategic Initiatives - The launch of AVOD offerings on platforms like Plex and Xumo Play has expanded distribution and reach across various devices [11] - The company is focusing on enhancing its technology stack and diversifying its revenue base through programmatic and international channels [2][9] - Sabio's App Science™ database now covers 80 million U.S. households, representing approximately 70% of U.S. streaming households, which supports its advertising operations [11][22]

Core Viewpoint - Sabio Holdings has announced a brokered private placement offering of common shares, aiming to raise up to $4 million at a price of $0.43 per share, with Canaccord Genuity Corp. acting as the lead agent [1][6]. Group 1: Offering Details - The offering will consist of LIFE Shares, which will be available to select purchasers under the Listed Issuer Financing Exemption, allowing immediate trading without a hold period in Canada, except Québec [2]. - The offering document has been filed on SEDAR+ and is accessible for prospective investors to review before making investment decisions [3]. - LIFE Shares will also be offered to investors outside Canada, with sales to U.S. persons limited to "Accredited Investors" under specific regulations [4]. Group 2: Financial Terms - Agents involved in the offering will receive a cash commission of 6.0% of the gross proceeds and warrants equal to 6.0% of the number of LIFE Shares sold, with a reduced commission of 3.0% for President's List investors [5]. - The net proceeds from the offering are intended for general corporate purposes and working capital, with some funds allocated for international and creator TV investments [6]. Group 3: Timeline and Conditions - The closing of the offering is expected around November 5, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7]. Group 4: Company Overview - Sabio Holdings is a leader in the ad-supported streaming space, providing a cloud-based technology stack that collaborates with global brands to engage streaming audiences [9]. - The company features a proprietary ad-serving technology platform and App Science™, a non-cookie-based analytics platform, along with Creator Television®, a creator-led streaming network [10].