Pixfam (PIXFAM) Q1 2025 earnings summary

Executive summary

• Revenue increased to SEK 10.6 million in Q1 2025, up from SEK 10.2 million year-over-year.

• EBITDA improved significantly to SEK 2.1 million from SEK 0.5 million in Q1 2024.

• Net loss widened to SEK -2.7 million compared to SEK -2.2 million year-over-year.

• Strategic shift following the sale of Turkish subsidiary Sosyopix to its founders.

• Focus redirected to photobook segment with new partnerships and product launch planned for Turkey.

Financial highlights

• Net revenue: SEK 10,587,863 in Q1 2025 vs. SEK 10,220,943 in Q1 2024.

• EBITDA: SEK 2,121,475 in Q1 2025 vs. SEK 515,008 in Q1 2024.

• Operating loss: SEK -2,995,915 in Q1 2025 vs. SEK -2,276,239 in Q1 2024.

• Net loss after tax: SEK -2,746,273 in Q1 2025 vs. SEK -2,228,294 in Q1 2024.

• Depreciation increased to SEK -3,673,363 from SEK -1,344,659 year-over-year.

Outlook and guidance

• New photobook service to launch in Turkey in late autumn, targeting Sosyopix's 3 million customers.

• Strategic focus on becoming a leading photobook provider in the Middle East, with Sweden as the tech and production base.