Alma Media (ALMA) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 6.3% YoY to €84.2M; adjusted operating profit increased 15.8% to €26.3M, with all segments improving results.

• Digital business represented 88.4% of revenue; disciplined costs, favourable mix and growth in higher-value digital services supported profitability.

Financial highlights

• Organic Q3 revenue growth was 5.5%; digital services grew more than 15% and classifieds grew 7%.

• Adjusted EBITDA rose 8.8% to €29.8M; net profit increased 23.5% to €20.7M, and EPS grew 23.3% to €0.25.

• 9M revenue increased 5.4% to €255.2M, while adjusted operating profit grew 16.5% to €71.1M.

• Q3 operating cash flow was €21.8M versus €21.5M; cash flow after investments and before financing was €21.4M versus €15.1M.

Outlook and guidance

• FY 2026 revenue is now expected to grow; the outlook for adjusted operating profit growth YoY was maintained.

• Outlook assumes positive 9M development continues, no material market improvement and broadly unchanged economic conditions in main markets.

• LTM revenue growth was 5.2%, above the >5% target; LTM adjusted operating margin rose to 27.1%, toward the >30% target.