France's Broadpeak H1 revenue falls 20.9% on tough comparison
France's Broadpeak H1 revenue falls 20.9% on tough comparison
Overview
France video streaming software provider's H1 2026 revenue fell 20.9% yr/yr on tough comparison
Recurring revenue rose 8.7% to €10.4 mln, driven by SaaS platform adoption
Company confirmed 2027 financial targets and obtained ISO/IEC 27001 certification
Outlook
Broadpeak expects strong revenue growth in H2 2026
Company confirms 2027 targets: revenue > €50 mln, 50% recurring, EBITDA margin around 15%
Company sees positive momentum for new solutions and traditional offerings in H2 2026
Result Drivers
HIGH COMPARISON BASE - Co said revenue drop was mainly due to exceptionally strong H1 2025, which included a large Cloud PVR contract in Europe and significant equipment deployment in Asia
RECURRING REVENUE GROWTH - Recurring revenue rose 8.7%, driven by increased adoption of SaaS platform and SaaS Ad Insertion solution
AMERICAS CONTRACTS - Revenue in Americas rose 34.5% due to several major contracts
Company press release: ID:nEQh59NYa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 17.1 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the household electronics peer group is "buy."
Wall Street's median 12-month price target for Broadpeak SA is €4.20, about 61.5% above its July 22 closing price of €2.60
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 22 three months ago
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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.)