Ad pepper media International N.V. Reports Q3 2024 EBITDA Growth

On October 14, 2024, ad pepper media International N.V. released its financial results for the third quarter of the year, highlighting a significant increase in EBITDA. The company, a European leader in performance marketing, reported a rise in EBITDA to EUR 485k compared to EUR 101k in Q3 2023, credited to effective cost optimization strategies.

The group's gross sales reached EUR 21,867k, a slight increase from EUR 21,414k in the previous year, while group revenue showed a decline to EUR 5,224k from EUR 5,383k in 2023. Webgains, a segment of the group, saw an EBITDA of EUR 642k, whereas ad agents reported a rise to EUR 159k, and the ad pepper segment increased to EUR 38k.

For the nine-month period ending September 2024, total gross sales amounted to EUR 63,042k, and group revenue was EUR 15,624k. EBITDA for this period improved to EUR 1,192k, a marked change from a negative EUR 345k the previous year.