Parrot (PARRO) Q1 2025 earnings summary

Executive summary

• Consolidated revenues for Q1 2025 reached €18.4m, up 17% year-over-year, with 18% growth at constant exchange rates.

• Growth driven by innovation in next-generation microdrones and expanded photogrammetry applications, especially in international markets.

Financial highlights

• Professional microdrones revenue grew 13% to €10.5m, representing 57% of total revenues.

• Photogrammetry revenue increased 22% to €7.9m, accounting for 43% of total revenues.

• Group's business model shows increased recurrence due to major contracts and global adoption.

Outlook and guidance

• Q2 2025 growth expected to remain positive but at a more moderate pace amid macroeconomic uncertainty.

• Focus remains on capitalizing on growth opportunities, progressing toward profitability, and maintaining innovation and operational resilience.