Bilendi (ALBLD) Q3 2025 TU earnings summary

Executive summary

• Revenue as of 30 September 2025 reached €64.5 million, up 42.9% year-over-year, reflecting strong growth and successful integration of Netquest.

• Third quarter 2025 revenue was €21.0 million, a 44.4% increase compared to Q3 2024.

• International operations contributed 81% of revenue, with significant growth in both international and French markets.

Financial highlights

• 9-month revenue grew 42.9% year-over-year to €64.5 million; at constant exchange rates, growth was 42.7%.

• Q3 2025 revenue increased 44.4% year-over-year to €21.0 million; at constant exchange rates, up 42.7%.

• International revenue rose 52.3% year-over-year to €53.4 million for the 9-month period.

• French revenue increased 10.1% year-over-year to €11.1 million for the 9-month period.

Outlook and guidance

• Targeting consolidated revenue of €100 million by 2026.

• Aiming for an EBITDA margin of 20% to 25% of revenue.

• Confident in continued growth, leveraging new proprietary panels and AI-driven platforms.