Canada's Adcore Q2 revenue rises on regional rebound
Canada's Adcore Q2 revenue rises on regional rebound
Overview
Canada AI marketing tech firm's Q2 revenue rose 10% yr/yr
Gross profit climbed 19% and gross margin expanded to 51% from 47%
Company launched efficiency plan targeting 15%-20% cut in operating expenses
Outlook
Adcore expects cash position and working capital to recover in the second half
Company is launching a global efficiency plan targeting 15%-20% lower operating expenses
Adcore plans to launch its sixth AI agent in Q3 as part of growth strategy
Result Drivers
REGIONAL REBOUND - North America revenue rebounded 27% after softness in 2025, EMEA grew 12%, and APAC continued to perform, per CEO Omri Brill
AI AGENT LAUNCHES - Co shipped five autonomous AI agents in Q2, covering lead-to-revenue cycle and creative production, with strong traction from early users, per CEO Omri Brill
SEASONAL CASH DECLINE - Sequential decline in cash and working capital attributed to seasonal managed-media campaign payments, expected to recover in second half, per CEO Omri Brill
Company press release: ID:nACS5xwGma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| C$7.20 mln |
|
Q2 Adjusted EBITDA |
| C$42,000 |
|
Q2 Gross Margin |
| 51.00% |
|
Q2 Gross Profit |
| C$3.70 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)