From GlobeNewswire: 2024-11-19 01:00:00

Azerion experienced robust platform performance in Q3 2024, with revenues increasing by 22.6% year on year. They signed new publishers, expanded their digital audiences, and launched new products like a podcast hosting platform. Partnerships and acquisitions are driving growth opportunities into 2025, with the recent acquisition of Goldbach Austria GmbH.

Financially, Azerion saw growth in both their Platform and Premium Games segments. Revenue for Q3 2024 was €124.8 million, up 22.6% from the previous year. Adjusted EBITDA for the quarter was €17.7 million, an increase of 9.3%. The company is confident in its outlook, expecting revenue to continue growing by approximately 10% annually in the medium term.

Selected financial KPIs for Azerion’s Platform segment showed positive growth, with total revenue of €110.9 million in Q3 2024, a 22.1% increase year on year. Advertising Platform revenue increased by 26.1%, driven by Direct sales. AAA Game Distribution revenue also saw a 5.7% increase. Operating profit and Adjusted EBITDA margins remained strong across segments.

In the Premium Games segment, Azerion reported revenue of €13.9 million in Q3 2024, up 26.4% from the previous year. Adjusted EBITDA for the quarter was €4.6 million, a 70.4% increase. Key operational KPIs like Average Time in Game per Day and ARPDAU showed positive trends, indicating strong user engagement and revenue growth.

Azerion’s financial position remains strong, with net interest-bearing debt of €177.7 million as of September 30, 2024. This includes outstanding bond loans and lease liabilities, offset by cash and cash equivalents. The company continues to focus on strategic partnerships, acquisitions, and innovative product development to drive future growth and revenue streams.



Read more at GlobeNewswire:: Azerion publishes Interim Unaudited Financial Results Q3