UK's B90 Holdings H1 revenue rises 38%, net loss narrows
UK's B90 Holdings H1 revenue rises 38%, net loss narrows
Overview
UK performance marketing firm's H1 revenue rose 38% yr/yr to €3.33 mln
Adjusted EBITDA stayed positive as company invested in AI and personnel
Net loss narrowed to €0.02 mln from €0.04 mln a year earlier
Outlook
Company expects full-year results in line with management expectations
Company continues to invest in technology, AI, automation and new market pilots
Result Drivers
PERFORMANCE MARKETING EXPANSION - Revenue growth attributed to scaling of core international performance marketing business and increased partner activity
HIGHER MARKETING SPEND - Increased marketing and selling expenses as co focused on customer acquisition and channel diversification
Company press release: ID:nRSU4727Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 3.33 mln |
|
H1 Net Loss |
| EUR 20,000 |
|
H1 Adjusted EBITDA |
| EUR 310,000 |
|
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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.)