Canada's Wishpond Q2 revenue drops after Viral Loops divestiture

Wishpond Technologies

26/08/2026 11:08

Overview
Canada AI marketing solutions provider's Q2 revenue fell sharply, mainly due to Viral Loops divestiture
Adjusted EBITDA for Q2 was negative, reflecting restructuring and investment phase
Company received lender default notice post-quarter, raising material uncertainty over going concern

Outlook
Wishpond aims to strengthen organic revenue performance and improve margins in 2026
Company intends to reduce churn and increase long-term customer value through 2026
Wishpond plans to improve liquidity and financial flexibility in the second half of 2026

Result Drivers
VIRAL LOOPS DIVESTITURE - Revenue decline mainly due to removal of Viral Loops business from results
COST OPTIMIZATION - Reduced sales capacity and lower-margin revenue streams contributed to lower revenue
SALESCLOSER INVESTMENT PHASE - Negative Adjusted EBITDA driven by ongoing investment in SalesCloser subsidiary

Company press release: ID:nPn66w2mja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Margin
 
66.00%
 

Analyst Coverage
Wall Street's median 12-month price target for Wishpond Technologies Ltd is C$0.25, about 42.9% above its August 19 closing price of C$0.18

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Aug 25 - China's Clover Biopharma H1 revenue drops sharply, flags going-concern doubt

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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.)