Bilendi (ALBLD) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue reached €19.7m, a 36.5% increase year-over-year, driven by the Netquest acquisition.

• International sales accounted for 83% of total revenue, with strong growth in Iberia and Latin America.

• France experienced a 3.9% decline in sales after seven quarters of growth.

Financial highlights

• Total Q1 2025 revenue was €19.7m, up 36.5% year-over-year (35.8% at constant exchange rates).

• International revenue rose 49.3% to €16.4m, while French revenue fell 3.9% to €3.3m.

• Pro-forma growth, adjusting for Netquest, was 2.2% at constant exchange rates.

Outlook and guidance

• Revenue target of €100m by 2026 reaffirmed, with an EBITDA margin goal of 20–25%.

• Next financial update scheduled for July 23, 2025.