From GlobeNewswire: 2025-02-27 01:40:00

Azerion reported strong platform performance for FY and Q4 2024. Revenues increased by 13% to €551.2 million in FY 2024, with Adjusted EBITDA up 21% to €75.1 million. Q4 2024 saw Adjusted EBITDA rise by 14% to €30.1 million, driven by synergies and cost reductions in the advertising platform. New partnerships and acquisitions were also highlighted, along with investments in multi-cloud infrastructure and AI capabilities. The company’s CEO, Umut Akpinar, expressed a focus on profitability and sustainability, with plans for further innovation and growth through AI and strategic partnerships. Financial results and key performance indicators were detailed, with an outlook for FY 2025 projecting net revenue to be between €600-650 million and Adjusted EBITDA of at least €85 million. Cash flow, financial position, and borrowing details were also provided. The report included definitions of financial terms and a disclaimer on forward-looking statements. For more information, contact Investor Relations at [email protected] and Media Relations at [email protected].



Read more at GlobeNewswire:: Azerion publishes Interim Unaudited Financial Results Q4