Everysport Media Group (EVERY) Q2 2025 earnings summary

Executive summary

• Double-digit growth in Elite Prospects subscriptions, with increased willingness to pay and subscriber count, offset by restructuring impacts and a weaker SEK affecting group revenue.

• Strategic streamlining and focus on core digital sports products, with positive development in core businesses and ongoing restructuring for profitability.

• Public takeover offer announced in June 2025, with 73.24% of shares controlled by the offeror and 86.89% support including undertakings.

Financial highlights

• Q2 2025 net sales: SEK 20.4 million, down 2% year-over-year; H1 2025 net sales: SEK 41.9 million, down 6% year-over-year but up 4% excluding divested operations.

• Q2 adjusted EBITDA: SEK -1.0 million (improved from -1.3 million); Q2 EBITDA: SEK -2.3 million; Q2 adjusted EBIT: SEK -1.6 million; Q2 EBIT: SEK -2.9 million.

• Q2 profit after financial items: SEK -3.5 million (vs. -0.6 million); EPS: SEK -0.56 (vs. -0.09).

• H1 2025 adjusted EBITDA: SEK -0.3 million (vs. -1.7 million); H1 adjusted EBIT: SEK -1.5 million (vs. -6.1 million); H1 profit after financial items: SEK -3.9 million (vs. -1.4 million); H1 EPS: SEK -1.76 (vs. -0.39).

• Non-recurring items of SEK 1.3 million in Q2 relate to write-downs of receivables from former padel operations.

Outlook and guidance

• Core businesses are developing positively, with Elite Prospects well positioned for continued growth due to enhanced offerings and price adjustments.

• Restructuring measures are expected to strengthen long-term profitability and focus on scalable digital sports products.