Bilendi (ALBLD) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue reached €20.8 million, up 5.6% year-over-year, with international markets contributing 83% of sales.

• Growth reflects a high comparison base from Q1 2025, which benefited from German federal elections.

• Strategic transformation underway to become a global AI-native insights platform, leveraging proprietary data and technology.

Financial highlights

• Q1 2026 revenue increased by 5.6% year-over-year (6.2% at constant exchange rates).

• France revenue rose 6.3%, marking the fourth consecutive quarter of growth.

• International revenue grew 5.4% (6.2% at constant exchange rates), with strong performance in the UK, Italy, Nordics, and US.

• On a pro forma basis (including Netquest), revenue declined 3.6% at constant exchange rates.

Outlook and guidance

• 2030 targets: revenue between €175 million and €200 million, EBITDA margin above 25%, and continued strong cash flow generation.

• Next financial update scheduled for July 23, 2026, covering first-half 2026 turnover.