Relevance Communication Nordic (RLVNC) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 increased by 31.5% year-over-year to 9,349 TSEK, reflecting strong growth despite a weak advertising market.

• EBITDA improved to 541 TSEK from 184 TSEK in Q1 2024, driven by higher sales and operational efficiency.

• Net result after financial items was -1,416 TSEK, slightly lower than -1,293 TSEK last year, mainly due to increased depreciation and financial costs.

• Monthly average unique users rose 135% year-over-year to 3.68 million, indicating strong audience growth.

Financial highlights

• Revenue: 9,349 TSEK (Q1 2025) vs. 7,109 TSEK (Q1 2024), up 31.5%.

• EBITDA: 541 TSEK (Q1 2025) vs. 184 TSEK (Q1 2024).

• Net result after financials: -1,416 TSEK (Q1 2025) vs. -1,293 TSEK (Q1 2024).

• EPS: -0.06 SEK (Q1 2025 and Q1 2024).

• Cash at period end: 701 TSEK (vs. 1,682 TSEK Q1 2024).

Outlook and guidance

• Management expects continued organic growth, leveraging a data-driven platform and expanding partnerships.

• Despite market uncertainty and pressure on ad budgets, the company anticipates further audience and revenue gains.