BrightBid Group (BRIGHT) Q3 2025 earnings summary

Executive summary

• Q3 2025 marked a turning point with early signs of recovery after several challenging quarters and internal restructuring.

• Operational cost reductions and a new growth strategy were implemented to address declining ARR and revenue.

• Leadership changes included the departure of the CEO and CFO, with interim appointments and ongoing recruitment.

Financial highlights

• Net revenue for Q3 2025 was 8,878 tkr, down 44% year-over-year from 15,899 tkr.

• ARR for the quarter was 29,765 tkr, a 44% decrease from 53,389 tkr in Q3 2024.

• EBITDA improved to -3,233 tkr from -8,079 tkr in Q3 2024, reflecting a 60% improvement.

• Earnings per share were -0.14 kr, up from -0.36 kr in Q3 2024.

• Cash flow from operations was -9,538 tkr, a 23% improvement year-over-year; excluding a tax repayment, the improvement was 53%.

• Cash and cash equivalents at period end were 5,889 tkr, down from 30,384 tkr a year earlier.

Outlook and guidance

• The company expects to build on positive trends, leveraging a strengthened balance sheet and new strategy for sustainable growth into 2026.

• The new strategy targets global leadership in AI-based adtech, focusing on agency services, customer success, self-service, and strategic partnerships.