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Tiny (TINY) investor relations material
Tiny Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Achieved record quarter with revenue up 16% year-over-year to $54.0 million, recurring revenue up 72% to $16.9 million (31% of total), and Adjusted EBITDA up 39% to $10.1 million, driven by the Serato acquisition and Digital Services.
Free Cash Flow surged to $15.1 million, with per share rising to $0.51, and net income reached $0.1 million, reversing a prior loss.
Completed the sale of We Work Remotely for $9.8 million, generating a 53% IRR and 13x multiple on invested capital.
Letterboxd user base grew 49% year-over-year to 23.4 million, and all five Mateína zero sugar flavors launched nationally at Whole Foods USA.
Increased LP stake in Tiny Fund I to 21.6% via discounted purchases, with ongoing opportunities for further investment.
Financial highlights
Total revenue reached $54.0 million, up 16% year-over-year and 8% sequentially, with 27% growth excluding disposed entities.
Recurring revenue was $16.9 million, a 72% increase year-over-year, now 31% of total revenue, supported by Serato, Media.net, and WooCommerce.
Adjusted EBITDA was $10.1 million, up 39% year-over-year, with margin at 19%, approaching the 20% target.
Free Cash Flow was $15.1 million, up $13.7 million from the previous quarter, with per share at $0.51.
Net income was $0.1 million, reversing a $9.6 million loss in Q3 2024.
Outlook and guidance
Serato expected to continue driving growth in Q4, supported by pricing initiatives and product roadmap.
Management expects continued growth from integrations and feature releases, focusing on organic growth and disciplined capital deployment.
Active pipeline of tuck-in and acquisition opportunities, with ongoing share repurchase program via NCIB.
Anticipates future growth in transaction fees, subscriptions, and advertising from Dribbble Services Marketplace.
Enterprise deal pipeline in Creative Platform remains strong, with potential for large deals to close in Q4 or early 2026.
WeWork Remotely sale: future divestiture strategy?
Creative Platform enterprise deal timing outlook?
Frequency of Tiny Fund One LP unit purchases?
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Q4 202510 Apr, 2026
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Frequently asked questions
Tiny Ltd. is a holding company with a strategic focus on acquiring and operating businesses primarily within the internet and technology sectors. The company operates through three core business segments: Beam, WeCommerce, and Dribbble. Through its Beam segment, via MetaLab, Tiny Ltd. assists startups to Fortune 500 companies in designing, building, and shipping premium digital products for mobile and web platforms. Beyond these segments, Tiny maintains a diversified portfolio of investments, including businesses outside the tech sphere. The company is recognized for its acquisitive approach, seeking to own and operate technology-oriented businesses with potential for growth and innovation. Tiny Ltd. is domiciled in Canada, with its investment interests spread mainly across North America and Europe. The company is headquartered in Victoria, British Columbia, and its shares are listed on the TSX.
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