Aike Media (AIKE) Q2 2024 earnings summary

Executive summary

• Achieved a strong Q2 2024, reinforcing position in influencer marketing with strategic partnerships, notably with Scream and Tre Kronor Media.

• Collabs platform recognized for its value, with an indicative valuation of SEK 2 billion by an independent firm.

• Over 100 collaborations established with major brands, demonstrating platform trust and market traction.

Financial highlights

• Q2 2024 net revenue: SEK 50.3m (up from SEK 45.2m year-over-year); H1 2024 net revenue: SEK 88.9m (down from SEK 91.2m year-over-year).

• Q2 EBITDA: SEK -6.5m (improved from SEK -8.2m); H1 EBITDA: SEK -12.4m (improved from SEK -15.6m).

• Q2 net result: SEK -15.5m (vs. SEK -14.9m); H1 net result: SEK -30.4m (vs. SEK -29.6m).

• Q2 cash flow: SEK 1.2m (vs. SEK -2.1m); H1 cash flow: SEK -3.3m (vs. SEK 3.2m).

• Q2 EPS: SEK -0.01 (vs. SEK -0.04); H1 EPS: SEK -0.02 (vs. SEK -0.09).

Outlook and guidance

• Management remains optimistic, targeting positive cash flow and continued cost reductions.

• Ongoing focus on leveraging AI-driven platform and expanding customer base for future growth.