Adverty (ADVT) Q1 2026 earnings summary

Executive summary

• Achieved first-ever positive EBITDA in Q1, traditionally the weakest quarter, reflecting successful strategic initiatives and operational leverage.

• Revenue grew 25% year-over-year in SEK and 43% in USD, driven by strong demand and platform scalability.

• Cost reductions and technical optimizations led to a record gross margin of 47%.

• Net result improved by 53% year-over-year, though still negative due to planned depreciation.

Financial highlights

• Revenue: SEK 8,264k in Q1 2026 (SEK 6,618k Q1 2025).

• Gross profit: SEK 3,855k (SEK 1,914k Q1 2025); gross margin 47% (29%).

• EBITDA: SEK 291k (SEK -2,810k Q1 2025).

• EBIT: SEK -1,993k (SEK -4,873k Q1 2025).

• Net result: SEK -2,692k (SEK -5,683k Q1 2025).

Outlook and guidance

• Daily earnings in Q2 continue to exceed prior year levels, maintaining positive momentum.

• Focus remains on margin preservation, cost control, and scaling the programmatic business.

• Depreciation expected to decrease significantly from 2027, improving bottom-line results.