CM.com (CMCOM) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue rose 9% YoY to €67.3 million, adjusted EBITDA increased 34% to €8.1 million, and net profit was €1.0 million versus a €2.4 million loss a year earlier.

• FY 2026 adjusted EBITDA guidance rose to €27.6–€28.6 million, implying 39%–44% YoY growth, from previous guidance of more than 30%.

Financial highlights

• Revenue was €67.3 million, up 9% YoY; gross profit was €21.4 million, up 1% YoY and 4.4% QoQ.

• Reported EBITDA increased 47% YoY to €8.0 million; adjusted EBITDA rose 34% to €8.1 million.

• Operating expenses fell 15% YoY to €13.4 million; adjusted OPEX declined 12% to €13.3 million.

• EBIT was €2.6 million versus a €0.6 million loss; net profit was €1.0 million versus a €2.4 million loss in Q3 2025.

Outlook and guidance

• FY 2026 adjusted EBITDA guidance is €27.6–€28.6 million, implying 39%–44% YoY growth versus previous guidance of more than 30%.

• Q4 2026 adjusted EBITDA is expected to be €7–€8 million; Q3 YTD revenue grew 9% YoY and EBITDA grew 50% YoY.

• FY 2028 ambitions remain gross profit growth of at least 15% YoY, gross margin around 35%, and EBITDA margin of 12%–15%.

• Commercial focus is being reorganized around four industry groups to support growth acceleration in 2027.