Fable Media Group (FABLE) Q2 2024 earnings summary

Executive summary

• Achieved record net revenue and EBITDA in Q2 2024, with net revenue up 21% year-over-year to 27.6 MSEK and EBITDA up 71% to 20.7 MSEK.

• EBITDA margin reached 75% in Q2, reflecting a highly cost-efficient organization and successful revenue-sharing model.

• Net income for Q2 was 0.2 MSEK, impacted by a 15 MSEK non-cash revaluation of contingent consideration related to Fable Media ApS.

• Customer base diversification reduced dependency on individual partners, strengthening the group's position.

Financial highlights

• Q2 2024 net revenue: 27.6 MSEK (up 21% year-over-year); H1 2024 net revenue: 49.4 MSEK (up 14%).

• Q2 2024 EBITDA: 20.7 MSEK (up 71%); H1 2024 EBITDA: 35.7 MSEK (up 49%).

• Q2 2024 EBIT: 4.6 MSEK (down from 10.9 MSEK due to 15 MSEK revaluation); H1 2024 EBIT: 18.4 MSEK (down from 21.8 MSEK).

• Q2 2024 net income: 0.2 MSEK (down from 9.5 MSEK); H1 2024 net income: 10.3 MSEK (down from 22.4 MSEK).

• Earnings per share Q2: 0.01 SEK (0.28); H1: 0.30 SEK (0.66).

Outlook and guidance

• Full-year 2024 guidance: net revenue of 97–105 MSEK, EBITDA of 70–75 MSEK, and EBITDA margin of 70–74%.

• Forecast based on strong year-to-date performance and expected seasonal trends.