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Adverty (ADVT) investor relations material
Adverty Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Focus on profitable growth and programmatic advertising led to improved margins and cost efficiency year-over-year.
Programmatic segment revenue in USD grew 29% year-over-year in Q3, with total revenue up 16% in USD and 2.6% in SEK.
Direct sales remained weak but showed signs of recovery mid-quarter.
Strategic initiatives included a fully guaranteed rights issue of approximately SEK 14.4M, renegotiation of loan structure, and a bridge loan of SEK 1.5M.
No significant events occurred after the reporting period.
Financial highlights
Net sales for the first nine months: SEK 20,887K (down from SEK 23,004K year-over-year); Q3 net sales: SEK 7,393K (up from SEK 7,204K year-over-year).
EBITDA for Q3 improved to SEK -1,101K from SEK -1,841K year-over-year; nine-month EBITDA improved to SEK -6,161K from SEK -7,223K.
Net result for Q3: SEK -4,035K (improved from SEK -4,818K); nine-month net result: SEK -14,877K (improved from SEK -15,606K).
Earnings per share for Q3: SEK -0.03 (improved from SEK -0.49); nine-month EPS: SEK -0.01 (improved from SEK -0.15).
Cash flow for Q3: SEK 8,843K; cash and cash equivalents at period end: SEK 12,729K (up from SEK 1,420K year-over-year).
Outlook and guidance
Positive year-over-year trend continues into Q4, with confidence for year-end and 2026.
Ongoing focus on margin improvement, cost optimization, and strengthening the technical platform.
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Q4 202511 Feb, 2026
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Frequently asked questions
Adverty AB is a Swedish company that develops and operates an in-game advertising platform. Established in 2016, the company specializes in delivering immersive and unobtrusive ads within mobile, virtual reality (VR), and augmented reality (AR) environments. Its proprietary In-Play technology enables seamless integration of ads into gaming experiences, offering both programmatic video and display ad formats at scale. This allows advertisers to engage with highly immersed audiences while providing game developers new monetization avenues. Adverty is headquartered in Stockholm, with additional offices in London, Istanbul, and Lviv. Its shares are listed on the Stockholm Stock Exchange.
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