Azerion FY and Q4 2024 Interim Financial Results Presentation

Azerion Group’s 2024 interim financial results demonstrate a strategic focus on profitability through operational scale, cost management, and business integration. For the full year 2024, the company reported revenue of approximately €551 million, representing a 13% year-over-year increase, while Adjusted EBITDA rose 21% to €75 million. These figures exclude the divested social card games portfolio, which was sold in August 2023. The fourth quarter of 2024 saw a slight revenue dip of 2% to €168 million, though Adjusted EBITDA grew by 14% to €30 million, underscoring the company's commitment to margin expansion.

The company’s performance is driven by two primary segments: the advertising platform and premium games. The platform segment experienced significant growth, with a 15% year-over-year increase in Adjusted EBITDA for the fourth quarter. This growth was supported by the acquisition of Goldbach Austria GmbH and the addition of over 90 new publishers and advertising partners. Furthermore, the company has prioritized technological efficiency, implementing a multi-cloud strategy involving AWS, Google, and Huawei to reduce total cost of ownership and improve service latency, alongside the deployment of AI-enhanced performance tools.

Looking ahead, Azerion has established a positive outlook for 2025, projecting revenue between €600 million and €650 million and an Adjusted EBITDA of at least €85 million. The company’s medium-term guidance targets annual revenue growth of approximately 10% and an Adjusted EBITDA margin of 14% to 16%. These objectives are supported by a strengthened capital structure, following a successful €50 million bond issuance, and a continued emphasis on optimizing its cost base and operational efficiency across its European and international markets.