Everysport Media Group (EVERY) Q1 2025 earnings summary

Executive summary

• Net sales adjusted for divested operations rose 11% year-over-year to SEK 21.5 million, driven by Elite Prospects.

• Elite Prospects delivered 19% revenue growth, reaching SEK 13.0 million, with strong subscriber and ad revenue momentum.

• Product development and reinvestment in user experience supported profitable growth and scalability.

• Everysport signed a major B2B contract with TT Nyhetsbyrån, securing recurring revenue from 57 newspapers.

Financial highlights

• Group EBITDA was SEK 0.7 million (Q1 2024: SEK 5.4 million); adjusted EBITDA was SEK 0.7 million (Q1 2024: SEK -0.4 million).

• EBIT totaled SEK 0.1 million (Q1 2024: SEK 1.3 million); adjusted EBIT was SEK 0.1 million (Q1 2024: SEK -2.8 million).

• Net result after tax was SEK -0.4 million (Q1 2024: SEK -1.0 million); EPS was SEK 0.00 (Q1 2024: SEK -0.30).

• Operating expenses fell 19% to SEK -22.3 million, reflecting cost reductions and divestments.

• Cash and cash equivalents at period end were SEK 19.9 million (Q1 2024: SEK 14.3 million); equity ratio improved to 34% (Q1 2024: 23%).

Outlook and guidance

• Management expects continued profitable growth, supported by a scalable business model and disciplined capital allocation.

• Further cost reductions anticipated from Q2 2025 due to restructuring and efficiency measures.

• Focus remains on product-led growth and enhanced customer value across core businesses.