France's Verimatrix H1 Anti-Piracy revenue falls, hurt by license sales decline

Verimatrix SA

24/07/2026 16:58

    

    Overview
  
France security solutions provider's H1 Anti-Piracy revenue fell 11% after prior-year license sale boost
Adjusted EBITDA for H1 dropped to $1.9 mln from $2.8 mln a year earlier
Company renegotiated debt, reducing interest rate to 6% and extending maturity to June 2029

    

    Outlook
  
Verimatrix expects Anti-Piracy revenue growth starting in 2026
Company targets minimum 2026 Anti-Piracy EBITDA of $3 mln
Verimatrix plans to expand subscription offerings and pursue new partnerships in 2026

    

    Result Drivers
  
LICENSE SALES DECLINE - Co said H1 revenue drop reflected lower license sales after a major contract boosted prior-year results
SUBSCRIPTION GROWTH - Subscription revenue rose 9% as co continued transition to recurring revenue model
COST REDUCTION - Co said cost-reduction measures and improved efficiency helped offset lower high-margin license sales

    
Company press release: ID:nBw62nm2ma

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Revenue
 
$21.30 mln
 
H1 Adjusted Operating Expenses
 
$13.90 mln
 
H1 EBITDA
 
$1.90 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Verimatrix SA is €0.21, about 1% above its July 23 closing price of €0.21

    

    Reuters Recommended Reads
  
July 23 - France's Broadpeak H1 revenue falls 20.9% on tough comparison
July 22 - UK's Skillcast H1 revenue up on subscription growth; AI-driven gains lift margins
July 22 - Germany's Intershop Communications  H1 revenue falls on lower license and service sales

    
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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.)