The company reports positive results in the third quarter, despite ending the first half of 2024 with an 8.8% decline in revenue and an 18.3% drop in EBITDA compared to the same period last year, primarily due to orders deferred to the second half of the year.
The trend is reversed in the third quarter, in which billing grew by 8.3% and EBITDA by 18.4% compared to the same period of the previous year.
The materialization of the agreement with MasOrange and the commercial launch of the television platform in Italy and the Nordic Countries leverage growth in the second half of 2024.
Bilbao, October 30, 2024.- Agile Content, an international technology company and leader in the development of technology and solutions for the provision of television services over the Internet, publishes its closing results for the first half of 2024 with gross revenues of 46.6 million euros, which represents a year-on-year drop of 8.8% despite the good performance of the Television Platform business, which has continued to grow at a rate of 4%.
This drop is mainly due to the delay in orders in the device segment that have been postponed to the second half of the year. In addition, the company decided to discontinue the traditional advertising line, with a value of 1.1 million euros, to focus its strategy on the technological evolution of the television platform and the future monetization of its advertising.
Agile Content, with a presence in more than 70 countries, has also advanced the results for the third quarter of 2024 with a turnover of 17.4 million euros, 8.3% more compared to the same period of the previous year. Also, EBITDA for the third quarter of 2024 increased by 18.4% compared to the same period in 2023, as well as operating cash flow, which increased by 60.6% compared to the third quarter of the previous year to reach 2.8 million euros.
It should be noted that, as a result of the efforts that the company has been carrying out in the first half of the year, this October the renewal agreement with MasOrange has materialized to continue providing the platform service in addition to new services.
In its activity of attracting new international operators for its Agile TV platform, the company signed an agreement in the first half of the year with the Nordic operator lcom, and has begun providing services to Convergenze in Italy, which Tiscali will join in the coming weeks.
All in all, Agile Content continues to consolidate the strength of its financial structure, maintaining coverage ratios while increasing its volume and efficiency of activity.
Report in Spanish available here. English version available soon.
*Data provided to the CNMC in 1H 2024.
**The information contained in this press release corresponds to data from the first half of 2024, audited and from the third quarter of 2024, unaudited.
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About Agile Content
AGILE CONTENT is an international technology company that offers comprehensive solutions for delivering free and pay-TV services. Its clients include telecommunications operators, content creators, broadcasters, and companies managing large volumes of multimedia content. AGILE CONTENT's portfolio includes fully managed TV services, SaaS applications, and infrastructure platforms, offering a competitive and comprehensive range of innovative, cost-effective, and scalable products for its clients' and partners' television businesses. With a team of 290 professionals across 15 countries, AGILE CONTENT has over two decades of experience serving more than 120 global clients covering the entire content value chain and reaches over 50 million households worldwide that use its technologies to watch television. Founded in 2007, AGILE CONTENT has been listed on the BME Growth market since 2015.
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The company reports positive results in the third quarter, despite ending the first half of 2024 with an 8.8% decline in revenue and an 18.3% drop in EBITDA compared to the same period last year, primarily due to orders deferred to the second half of the year.
