Bending Spoons S.p.a. · NASDAQ:BSP
Bending Spoons — Q2 2026 Earnings Presentation
11 slides from Bending Spoons's earnings presentation, Aug 13, 2026
Slide 1: Bending Spoons announces Q2 2026 results
Bending Spoons announces Q2 2026 results Milan, Italy | August 13, 2026 | Bending Spoons S.p.A. (Nasdaq: BSP) today announced its results for Q2 2026. Highlights from Q2 2026: Revenue was $704 million, up 126% from Q2 2025. Operating income was $240 million, up 139% from Q2 2025. Adjusted Operating
Slide 2: Revenue grew by $393 million, or 126%, from Q2 2025 to Q2 2026
Revenue grew by $393 million, or 126%, from Q2 2025 to Q2 2026, primarily driven by acquisitions. The businesses acquired from the start of Q2 2025 until the end of Q2 2026 are AOL, Eventbrite, Harvest, MileIQ, Tractive, and Vimeo. Organic revenue growth⁴ was 3% in Q2 2026, with Tractive and WeTrans
Slide 3: Financial condition (unaudited)
The following table presents our adjusted measures for the periods shown. Three months ended June 30, Thousands, except percentages and per-share amounts 2025 2026 Change Adjusted Operating Income $ 152,525 $ 381,149 150 % Adjusted Operating Income Margin 49 % 54 % 5 pp Adjusted Net Income¹ $ 106,38
Slide 4: Outlook Webcast and conference call
Highlights of our progress with recent acquisitions: AOL. We migrated AOL’s news portal to a new, self-developed content management system, rebuilt the advertising technology stack, completed the re-authoring of the webmail frontend, started migrating the user base to this new email platform, and un
Slide 5: Forward-looking statements About Bending Spoons Contacts
Forward-looking statements This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements. Forward-looking statements include statements about our objectives and outlook. In some cases, fo
Slide 6: Condensed consolidated balance sheet (unaudited)
Condensed consolidated balance sheet (unaudited) Thousands December 31, 2025 June 30, 2026 ASSETS Cash and cash equivalents $ 629,944 $ 792,950 Accounts receivable, net $ 144,593 $ 278,767 Income tax receivables, current $ 12,838 $ 12,611 Costs to obtain contracts, current $ 16,545 $ 17,557 Prepaid
Slide 7: Condensed consolidated income statement (unaudited)
Condensed consolidated income statement (unaudited) Three months ended June 30, Six months ended June 30, Thousands, except per-share amounts 2025 2026 2025 2026 Revenue $ 311,100 $ 704,155 $ 570,046 $ 1,305,476 Cost of revenue $ 106,615 $ 240,534 $ 200,118 $ 433,651 Gross profit $ 204,485 $ 463,621
Slide 8: Condensed consolidated statement of cash flows (unaudited)
Condensed consolidated statement of cash flows (unaudited) Six months ended June 30, Thousands 2025 2026 Cash flows from operating activities: Net income (loss) $ (46,953) $ 204,433 Adjustments to reconcile net income to net cash from operating activities: Equity compensation expense $ 27,885 $ 42,9
Slide 9: Non-GAAP financial measures
Non-GAAP financial measures To inform our strategy and plans, we regularly monitor certain non-GAAP financial measures. These are presented for supplemental informational purposes only, are not a substitute for GAAP financial information, and may differ from similarly titled or defined measures used
Slide 10: Adjusted Earnings per Share
The following table presents a reconciliation of net income to Adjusted Net Income for the periods shown. Three months ended June 30, Thousands, except percentages 2025 2026 Change Net income $ 65,253 $ 176,967 171 % Amortization and impairment of acquired intangible assets $ 36,070 $ 82,310 128 % T
Slide 11: Adjusted Earnings per Share reconciliation
When considered together with comprehensive GAAP financial information, Adjusted Earnings per Share may help evaluate Bending Spoons’ profitability and compounding efficiency, as well as improve period-to-period comparability, particularly during periods in which acquisition and transformation activ