VOGO Reports H1 2025 Revenue of €5.3m Despite Challenges

VOGO has released its revenue report for the first half of 2025, showing earnings of €5.3 million. This represents a 5.7% decrease from the same period in 2024. The decline follows a challenging comparison base, where 2024 saw over 26% growth. Nevertheless, revenue increased by 9% compared to the second half of 2024, indicating positive business trends.

The company's transition to a TaaS (Technology-as-a-Service) model proved beneficial, with related revenue rising by 10.9% to €1.4 million. This segment accounted for 26.4% of overall revenue, up from 22.5% a year earlier. Sports revenue reached €4.5 million despite a 7.6% slip, bolstered by partnerships with Spanish and Italian futsal federations.

Internationally, €3.6 million stemmed from this sector, comprising 68% of total business. Revenue in the EMEA region fell by 10.3% to €4.1 million, but the U.S. market remained stable. Sales in emerging regions such as South America and Asia-Pacific grew significantly by 67.1%.

Looking forward, VOGO anticipates a 30% rise in TaaS commitments, supported by new contracts, signaling expected growth and improved profitability for the year.