Business
Azerion Group N.V. – Interim Unaudited Financial Results Q3 and Year To Date 2025
Divestment of Whow Games sharpens focus on AI-Driven Advertising Platform Our third-quarter performance was solid and in line with expectations, demonstrating steady execution within our Continuing Operations. Revenue for our continuing business grew 8% to € 119.8 million, and Adjusted EBITDA grew 13% to € 14.4 million. This was further supported by the divestment of Whow Games, which represented the lion’s share of our Premium Games segment. The sale was completed on 14 July 2025, for an upfron
About this update from Azerion Group N.v
[{"type":"image","alt":"Azerion Group NV","displaySize":"","headline":null,"caption":"Azerion Group NV","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":252,"url":"https://media.zenfs.com/en/globenewswire.com/ead07d181bc7cd6c5d06cd0807648218"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z_kfHdTRxtMQcD9jeZgVFA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM1MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ead07d181bc7cd6c5d06cd0807648218","width":300,"height":252}},"lazy":false},{"type":"text","content":"Divestment of Whow Games sharpens focus on AI-Driven Advertising Platform ","length":73,"tagName":"p"},{"type":"text","content":"Our third-quarter performance was solid and in line with expectations, demonstrating steady execution within our Continuing Operations. Revenue for our continuing business grew 8% to € 119.8 million, and Adjusted EBITDA grew 13% to € 14.4 million.","length":247,"tagName":"p"},{"type":"text","content":"This was further supported by the divestment of Whow Games, which represented the lion’s share of our Premium Games segment. The sale was completed on 14 July 2025, for an upfront payment of € 55.0 million and an earn-out of up to € 10 million, subject to customary adjustments. The gain on sale net of income tax, that includes the received proceeds at completion, an estimate of the remaining proceeds, derecognized fixed assets and related transaction costs, amounted to € 22 million. This transaction further simplifies our business and reinforces our focus on the core advertising platform.","length":600,"tagName":"p"},{"type":"text","content":"These elements were underpinned by the successful refinancing of our bond, reducing our debt with € 40 million. The new Senior Secured Callable Floating Rate Bonds (ISIN NO0013660357) amounts to € 225 million, under a larger framework of € 350 million, with a lower floating interest rate (3m EURIBOR plus a margin of 5.5% instead of 3m EURIBOR plus a margin of 6.75%) and are on a new four-year tenor (instead of three years).","length":427,"tagName":"p"},{"type":"text","content":"Results for the continuing operations ","length":37,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"width:15.52%;border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 1pt;border-left:solid black 1pt;","val":[{"...