Sabio Holdings (SBIO) investor relations material

Executive summary

• Q2 2026 consolidated gross revenues were $9.7 million, with core business revenues up 6% year-over-year excluding political and advocacy spend.

• U.S. Programmatic and EMEA ad-supported streaming drove 49% of Q2 revenue, growing 290% year-over-year.

• AI-driven efficiencies and cost-reduction initiatives enabled margin expansion, with gross margin rising to 61% sequentially.

• Adjusted EBITDA loss narrowed to $2.7 million from $3.4 million in Q1, with margin improving by 14 percentage points.

• Over $5 million in political and advocacy commitments secured for the second half of 2026.

Financial highlights

• Q2 2026 consolidated gross revenues were $9.7 million, down from $11.7 million in Q2 2025 due to lower political and advocacy spend.

• Gross margin improved to 61%, up from 53% in Q1 2026, driven by better supply agreements and tech efficiencies.

• Adjusted EBITDA loss was $2.7 million, compared to $1.2 million loss in Q2 2025, reflecting lower high-margin political revenue.

• IFRS net loss was $3.9 million in Q2 2026, compared to $1.4 million in Q2 2025.

• Cash at period end was $1.5 million.

Outlook and guidance

• Management expects Adjusted EBITDA profitability in the second half of 2026, supported by secured political and advocacy commitments and continued growth in EMEA and U.S. Programmatic channels.

• Anticipates further margin improvement in H2 2026 due to supply terms and higher-margin political spending.

• International and U.S. Programmatic segments expected to drive further growth and diversification.

• Historical patterns show 60–70% of annual revenue in H2.