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Sabio Holdings (SBIO) investor relations material

Sabio Holdings Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary25 Nov, 2025

Executive summary

  • Navigated a challenging advertising market with front-loaded budgets and government cutbacks, yet maintained focus on diversification and scalability, resulting in 10% year-to-date growth normalized for political spending.

  • Transformed from a single-product, single-market company to a multi-product, multi-market, data-driven platform, with over 70% of revenue now from ad-supported streaming.

  • Early programmatic scale and international expansion contributed nearly 40% of Q3 gross revenue mix, with international revenue led by the UK.

  • Customer diversification improved, with a 54% increase in branded logos and recurring revenue at 85% for the nine-month period.

  • Positioned for a strong 2026, anticipating increased activity from the U.S. mid-term elections and further expansion in programmatic and international channels.

Financial highlights

  • Q3 gross revenue was $9.3M ($8.8M normalized for political/advocacy), down from $9.8M last year; net revenue was $8.2M ($7.7M normalized), also down year-over-year.

  • Core ad-supported streaming gross revenue increased 2% year-over-year, excluding political and advocacy.

  • Programmatic gross revenue reached $1.9M (20% of consolidated gross revenue); international gross revenue grew 240% year-over-year (19% of consolidated gross revenue).

  • Gross margin was 59%, influenced by scalable programmatic channels.

  • Adjusted EBITDA was negative $2.2M, reflecting ongoing investment in new products and international expansion.

Outlook and guidance

  • Entering 2026 with a pipeline up nearly 60% year-over-year, driven by programmatic and international growth.

  • Expecting significant uplift from the 2026 midterm election cycle, anticipated to be the largest streaming cycle in history.

  • Enhanced revenue mix, high recurring customer base, and strengthened technology stack position the company for long-term growth.

How does programmatic adoption enhance Sabio's market position?
Detail cost efficiency plans, especially cloud costs.
Explain Q1 2026 pipeline strength, ex-political.
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Frequently asked questions

Sabio Holdings Inc. is a technology company that provides digital advertising solutions, specializing in connected TV (CTV) and mobile advertising. The company offers a data-driven platform that enables advertisers to target and engage audiences through CTV and mobile devices, leveraging advanced analytics and real-time data. Sabio's services include campaign management, audience targeting, and performance tracking, helping brands and marketers optimize their advertising strategies across digital channels. The company primarily serves industries such as retail, automotive, and entertainment. The company is headquartered in Los Angeles, California, and its shares are listed on the TSX.

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