YOC (YOC) Q3 2024 earnings summary

Executive summary

• Revenue grew 19% year-over-year to €23.5 million in the first nine months of 2024, driven by the VIS.X® platform and high-impact ad formats.

• EBITDA increased 83% to €2.6 million, and net profit rose to €1.0 million from €0.2 million year-over-year.

• National segment revenue grew 24%, international segment up 14% compared to the same period last year.

• Continued investment in AI-driven product innovation and international expansion, including the launch of YOC Sweden AB.

Financial highlights

• Revenue: €23.5 million (9M/2024), up from €19.7 million (9M/2023).

• EBITDA: €2.6 million, up from €1.4 million; EBITDA margin improved to 11% from 7%.

• Net profit: €1.0 million, up from €0.2 million; EPS (diluted): €0.30 vs. €0.05 year-over-year.

• Gross profit margin increased to 47% from 45% year-over-year.

• Cash and cash equivalents at €1.6 million as of September 30, 2024.

Outlook and guidance

• Full-year 2024 revenue expected between €36.0–€37.0 million, with EBITDA forecasted at €5.0–€6.0 million.

• Net profit for 2024 projected at €3.5–€4.5 million.

• Management expects continued high growth in programmatic and high-impact ad formats despite macroeconomic headwinds.