Acroud Q4 2024 results highlight both growth and challenges. The company posted a 5% revenue increase, but profitability declined. The report also shows a strategic shift towards high-value customers. Here are soi

  • Revenue for Q4 2024 was EUR 10.4 million, up 5% from last year, with an organic growth of 8.9%. Full-year revenue declined by 2% to EUR 38.6 million, though organic growth was positive at 3.8%.

  • Adjusted EBITDA for Q4 stood at EUR 1.2 million, down 16% year-on-year, while full-year adjusted EBITDA fell 27% to EUR 4.7 million. Total EBITDA for 2024 improved by 28% to EUR 7 million due to one-time items.

  • Profit after tax for Q4 was EUR -3.9 million, compared to EUR -8 million last year. For the full year, profit after tax stood at EUR -2.6 million, a significant improvement from EUR -31.2 million in 2023.

  • A goodwill impairment charge of EUR 2.5 million related to The Gambling Cabin impacted the results. Last year, the impairment charge was EUR 27.2 million, showing reduced non-recurring costs in 2024.

  • The number of New Depositing Customers (NDCs) in Q4 declined by 5% to 43,199, while full-year NDCs dropped 46% to 175,740. The decrease is linked to Acroud’s strategy of prioritizing high-value customers.

  • Earnings per share after dilution were EUR -0.023 in Q4 and EUR -0.015 for the full year. Adjusted EPS was EUR -0.006 for the quarter and EUR -0.016 for 2024.

  • Cash flow from operating activities reached EUR 911,000 in Q4, up from EUR 688,000 in 2023. Full-year cash flow remained stable at EUR 4.2 million.

CEO Robert Andersson commented on the Acroud’s Q4 2024 results “We are seeing the effects of our strategic changes, with improved quality in our customer base and a more efficient business model.”

Acroud successfully completes restructuring

  • Enhanced liquidity through new share issuance – Acroud issued over 1 billion new shares, increasing the total share count to nearly 1.2 billion. This move provided essential liquidity to support future growth.

  • Debt reduction and improved financial stability-  The company converted SEK 70 million in bond debt and earnout obligations into shares. This significantly reduced financial leverage and improved Acroud’s balance sheet. The extension of bond maturity to 2028 further enhances financial stability.

  • Acroud Media Ltd acquisition finalized – Acroud acquired the remaining 49% of Acroud Media Ltd for EUR 12 million, paid in cash and shares. This move consolidates all operations under Acroud, streamlining business activities. Following the restructuring, RIAE Media Ltd now holds a 39% stake in Acroud.

  • Strategic shareholder alignment for long-term growth – PMG Group now holds 16.3% of Acroud’s total shares, reinforcing its commitment to the company’s future. The restructuring ensures stronger alignment among major shareholders.

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Acroud Q4 2024 results