Sabio Holdings Inc. (SBIO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Sabio Holdings' third quarter 2025 earnings call. The financial statements and management discussion and analysis are available on CDAR+. Today is Tuesday, November the 25th, 2025. Joining us are Sabio's founder and chief executive officer, Aziz Ramatullah, and our chief financial officer, Sajid Premji. After management's remarks, we will open the call for questions. Analysts may raise your virtual hand and investors may submit questions in the question and answer window. Before we begin, please note that today's remarks may contain forward-looking information. These statements involve known and unknown risks and uncertainties. Please refer to our filings on CDARplus for more information. All figures are stated in US dollars unless otherwise noted. With that, I'll turn it over to Aziz. Thank you, Martin, and good morning, everyone. Let me begin with an honest look at the environment we operated in during the third quarter. The overall market conditions were best described as chaotic. Many advertisers front-loaded budgets into the first and second quarters, and government spending cutbacks created a ripple effect across the advertising ecosystem. As a result, advertising revenue was pressured in the third quarter. Despite those challenges, our team stayed laser-focused on the plan we laid out early in the year, a plan built around diversification, scalability, and building a business that performs consistently even when the broader market does not. that focus delivered results. We achieved growth in the first half of approximately 34% and year-to-date growth of 10% when normalized for political spending in what is traditionally our softest quarter of a non-political year. This quarter is not about temporary macro headwinds. It's ...