Reworld Media (ALREW) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 consolidated revenue reached €122.5M, down 5.2% year-over-year amid a sluggish advertising market and geopolitical uncertainties.

• Digital and social media activities showed resilience, with social media revenue growing over 20% and digital accounting for nearly 90% of BtoB revenue.

• International operations contributed 37% of total business, highlighting a growing European presence.

Financial highlights

• BtoB revenue was €70.7M, down 4.8% year-over-year, with declines mainly from premium offerings and non-strategic activity disposals.

• BtoC revenue was €51.8M, down 5.6% year-over-year; pay-per-view sales fell 7.5%, while subscriptions declined only 3.3%.

• Average subscription basket increased 4.1% to €5.59.

Outlook and guidance

• Strategic focus remains on content diversification, digital innovation, and international expansion, especially leveraging strong brands and social media.

• Pricing and revenue diversification strategies are expected to partially offset volume declines and support profitability.