Fable Media Group (FABLE) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue rose 13% year-over-year to SEK 23.9 million, with EBITDA up 20% to SEK 16.5 million and an EBITDA margin of 69%.

• Full-year 2024 revenue increased 14% to SEK 95.3 million, EBITDA grew 37% to SEK 67.4 million, and profit after tax reached SEK 33.5 million.

• Q4 saw a record 27,679 First Time Depositors (FTDs), contributing to a full-year total of 74,939 FTDs.

• Operational efficiency remains high, with EBITDA margins among the industry's best.

Financial highlights

• Q4 EBIT was SEK 15.5 million (up from SEK 2.7 million), and profit after tax was SEK 11.2 million (up from SEK 2.1 million) year-over-year.

• Basic and diluted EPS for Q4 was 0.33 SEK (up from 0.06 SEK); full-year EPS was 0.99 SEK (up from 0.92 SEK).

• Q4 direct expenses decreased to SEK 4.2 million from SEK 4.6 million, and employee benefits costs fell to SEK 0.9 million from SEK 1.0 million.

• Equity at year-end was SEK 89.4 million, with an equity ratio of 50% (up from 31%).

Outlook and guidance

• 2025 revenue forecast is SEK 85–95 million, with EBITDA expected at SEK 60–70 million, reflecting stable performance despite regulatory headwinds in Brazil.

• Strong growth in new markets is expected to offset margin pressure from Brazil.