Sabio Holdings (SBIO) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 2025 revenues of $9.1 million, marking the fourth consecutive quarter of double-digit growth and a 39%–40% CAGR since 2020, driven by investments in sales, product development, and IT infrastructure.

• 91% of Q1 2025 revenue came from repeat customers, with the most diversified vertical and geographic mix in company history.

• Shifted business model to focus on streaming TV, resulting in strong customer retention and international expansion, with UK revenues compounding at triple-digit rates and new product launches like Creator TV gaining traction.

Financial highlights

• Q1 2025 sales reached $9.1 million, up 43% year-over-year, with ad-supported streaming revenue growing 40% to $6.8 million and mobile display ad revenue increasing 58% to $2.0 million.

• Gross margin improved to 61% from 59% in Q1 2024.

• Adjusted EBITDA loss was $1.6 million (18% of sales), up from $1.3 million (20% of sales), mainly due to one-time cloud computing and IT investments.

• Net loss for Q1 2025 was $2.29 million, compared to $2.01 million in Q1 2024.

• Cash balance increased to $3.8 million from $3.3 million at the end of Q4 2024; total debt load decreased by $0.2 million.

Outlook and guidance

• On track to surpass record 2024 performance, expecting continued double-digit consolidated revenue growth into Q2 2025 and a return to Adjusted EBITDA profitability in H2 2025 as cloud costs normalize.

• Revenue generation is expected to be seasonally higher in the second half of the year.

• Cautiously optimistic for Q3 and Q4, with some risks from economic and policy uncertainty.