YOC (YOC) Q3 2025 earnings summary

Executive summary

• Sales revenue grew 13% year-over-year to €26.6 million for the first nine months of 2025, with Q3 revenue up 18% over the prior year period.

• EBITDA declined to €1.2 million from €2.6 million year-over-year, and net profit turned negative at -€0.9 million (9M/2024: €1.0 million), mainly due to expansion costs, higher currency expenses, and increased operating costs for the VIS.X® platform.

• The company revised its full-year 2025 guidance, lowering expected EBITDA to €4.0–5.0 million and net profit to €1.0–2.0 million, while maintaining revenue guidance at €39.0–41.0 million.

• Investments continued in the VIS.X® platform and proprietary high-impact ad formats, with a focus on AI-powered solutions and international expansion, notably into Sweden.

Financial highlights

• Total sales revenue: €26.6 million (9M/2025), up 13% from €23.5 million (9M/2024).

• National revenue: €14.5 million (+10%); International revenue: €12.1 million (+17%).

• Gross profit margin fell to 42.7% (9M/2024: 47.0%).

• EBITDA: €1.2 million (down 56%); EBITDA margin: 4.1% (down from 10.7%).

• Net profit: -€0.9 million (9M/2024: €1.0 million); EPS: -€0.26 (9M/2024: €0.30).

• Cash and cash equivalents: €1.3 million (down from €4.0 million at year-end 2024).

• Operating cash flow: -€0.1 million (9M/2024: €1.2 million).

Outlook and guidance

• Full-year 2025 revenue expected at €39.0–41.0 million, unchanged.

• EBITDA guidance revised to €4.0–5.0 million; net profit forecast at €1.0–2.0 million.

• Gross profit margin expected to recover to 43–45% in Q4 as temporary cost pressures subside.

• Management anticipates a return to usual profitability in Q4 2025.