Azerion Group N.v · EURONEXT:AZRN
Azerion — H1 2025 Earnings Presentation
16 slides from Azerion's earnings presentation, Aug 28, 2025
Slide 1: Q2 and H1 2025 Interim financial results presentation
Q2 and H1 2025 Interim financial results presentation 28 August 2025
Slide 2: Disclaimer
Disclaimer The following disclaimer applies to this document, any oral or video presentation of the information in this document by Azerion Group N.V. (“Azerion Group”) or any person on behalf of Azerion Group and any question-and-answer session that follows the oral or video presentation (collectiv
Slide 3: Forward-looking statement
Forward-looking statement The Information includes statements, including Azerion Group's financial and operational objectives that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the te
Slide 4: Azerion Group results
Azerion Group results REVENUE Adj. EBITDA EBITDA Q2 2025 Q2 2025 Q2 2025 ~€147M ~€19M ~€14M YoY +6% YoY +8% YoY +109% REVENUE Adj. EBITDA EBITDA H1 2025 H1 2025 H1 2025 ~€275M ~€31M ~€22M YoY +7% YoY +12% YoY +91%
Slide 5: Q2 2025 Highlights
Q2 2025 Highlights Strong Platform growth and commercial execution Platform Revenue grew 9% year-over-year to €135.7 million. This impressive growth, coupled with a 20% increase in adjusted EBITDA, demonstrates that our platform remains the primary driver of growth, fueled by strong performance in b
Slide 6: Q2 and H1 Strategy Update
Q2 and H1 Strategy Update
Slide 7: Advertising strength keeps guidance on track
Advertising strength keeps guidance on track Diverging growth paths • Gaming is a mature and competitive market with a complex user base • Premium Games has historically provided higher profit margins but slower growth • Advertising Platform: initially lower margin, now accelerating faster with scal
Slide 8: AI-Driven Strategy for Growth & Efficiency
AI-Driven Strategy for Growth & Efficiency AI to drive efficiency and growth across the business Smoother processes, creation & optimization → higher margins & EBITDA from a more efficient business Seamless operations → improve accessibility for a broader range of customers growing the accessible ma
Slide 9: Bond refinancing
Bond refinancing Current Bonds On 14 September 2023, the Group issued senior secured floating rate bonds for a total of € 165 million, within a total framework amount of € 300 million. Two additional subsequent bond issues under the same framework have been successfully placed since, amounting to a
Slide 10: Q2 and H1 2025 Financial Highlights
Q2 and H1 2025 Financial Highlights
Slide 11: Group revenue performance
Group revenue performance ~275 ~258 ~24 ~25 ~147 ~139 ~12 ~14 ~251 ~233 ~125 ~136 €m €m Q2 2024 Q2 2025 H1 2024 H1 2025 Continuing operations of the Group correspond to the combination of the Advertising platform and AAA Game distribution, both part of our Platform segment. Discontinued operations c
Slide 12: Platform - Continuing operations
Platform - Continuing operations Q2 2025 Performance - €m Revenue €m Adj. EBITDA €m EBITDA €m +9% +20% +367% 16 136 11 13 125 2 Q2 '24 Q2 '25 Q2 '24 Q2 '25 Q2 '24 Q2 '25 H1 2025 Performance - €m Revenue €m Adj. EBITDA €m EBITDA €m +8% +14% +207% 251 24 17 233 21 5 H1 '24 H1 '25 H1 '24 H1 '25 H1 '24
Slide 13: Platform - Consistent quarter growth
Platform - Consistent quarter growth Our top-line performance improved as a direct result of our Direct Sales channel, which has become a Platform segment cornerstone of our success, consistently contributing Revenue €m approximately 70% of our Advertising Platform revenue. 136 This growth in higher
Slide 14: Operating performance efficiency gains
Operating performance efficiency gains 180 2,500 167 160 152 2,300 147 143 140 129 126 2,100 117 120 1,900 100 96 100 93 1,700 76 78 80 73 74 1,500 60 1,300 40 20 1,100 - 900 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Revenue per F
Slide 15: Outlook and Business update
Outlook and Business update FY 2025 and Medium-Term Guidance €m 550 - 600 Our advertising business remains strong, delivering top- 497 line growth and increasing profitability. 437 364 For the continuing operations, we are therefore confident to maintain our guidance for the full year 2025 minus the
Slide 16: Q&A
Q&A