Relevance Communication Nordic (RLVNC) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was 8,071 TSEK, a 16% decrease year-over-year, mainly due to lower traffic following changes in Google algorithms, but cost adjustments helped maintain EBITDA at prior-year levels.

• Result after financial items improved to -1,681 TSEK from -1,890 TSEK year-over-year, and EPS was -0.07 SEK compared to -0.08 SEK.

• Unique monthly users averaged 2,818,000, down from 3,523,000, with the prior year including a divested asset.

Financial highlights

• Operating expenses decreased by 17% to -8,241 TSEK, reflecting cost-saving measures.

• EBITDA was 100 TSEK, nearly unchanged from 94 TSEK last year.

• Goodwill amortization was -1,581 TSEK, significantly impacting net results.

• Cash at period end was 320 TSEK, with no long-term debt and short-term liabilities of 6,584 TSEK.

• Equity totaled 17,310 TSEK, and the equity ratio improved to 72% from 67% year-over-year.

Outlook and guidance

• Cost savings of approximately 2 MSEK are expected to have full effect from August 2026.

• Traffic has rebounded post-quarter, with Dagens PS achieving record user numbers in August.

• Management anticipates a stronger cost structure and commercial opportunities for the remainder of the year.