NYORDA (NYOR) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was SEK 528 M, down 1% year-over-year, but flat when adjusted for currency; gross profit rose 2% to SEK 120 M, with gross margin improving to 22.7%.

• Influencer Marketing revenue grew 13% in Q2, while Partner Marketing declined 2%; restructuring in Partner Marketing led to cost savings and improved efficiency.

• Net cash position strengthened to SEK 36 M from SEK 9 M a year earlier; cash flow from operating activities was SEK 4 M in Q2 and SEK -17 M for the half-year.

• The company completed its rebranding from Tradedoubler AB to NYORDA AB and launched new business areas, including Bridge Retail Media and EMNA AI.

Financial highlights

• Q2 revenue: SEK 528 M (532); H1 revenue: SEK 1,066 M (1,064).

• Q2 gross profit: SEK 120 M (118); H1 gross profit: SEK 237 M (236).

• Q2 EBITDA: SEK 21 M (20); adjusted EBITDA: SEK 21 M (22). H1 EBITDA: SEK 33 M (45); adjusted: SEK 45 M (48).

• Q2 net profit: SEK 5 M (4); H1 net profit: SEK 1 M (16).

• Earnings per share Q2: SEK 0.09 (0.06); H1: SEK 0.01 (0.26).

• Net cash at period end: SEK 36 M (9).

Outlook and guidance

• Management expects improved profitability in Partner Marketing, scaling of Metapic and Appiness, and full launch of EMNA AI in H2 2026.

• Long-term targets: annual revenue growth above 10% in local currency and EBITDA/gross profit ratio above 25%.