Relevance Communication Nordic (RLVNC) Q3 2025 earnings summary

Executive summary

• Q3 2025 was challenging with a 22% drop in net sales to 7,494 TSEK compared to Q3 2024, mainly due to underperformance by external sales partners and internal restructuring of the sales organization.

• Strategic actions included hiring a new CRO and Tech Lead, and divesting News55 to focus on core business.

• October showed a strong turnaround, supporting the goal of growth with positive EBITDA moving into 2026.

Financial highlights

• Net sales for Q3 2025: 7,494 TSEK (9,636 TSEK in Q3 2024), a 22% decrease year-over-year.

• EBITDA (operating result before depreciation): -625 TSEK (431 TSEK in Q3 2024).

• Net result after financial items: -2,663 TSEK (-1,383 TSEK in Q3 2024).

• Earnings per share: -0.11 SEK (-0.06 SEK in Q3 2024).

• Average monthly unique users increased to 3,398,000 (2,868,000 in Q3 2024).

Outlook and guidance

• Management expects continued positive development in Q4, with October being one of the strongest months ever.

• The company maintains its target of growth with positive EBITDA for 2026.