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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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%.
