"Adjusted EBITDA -- Adjusted EBITDA reached €16 million, an 18% year-over-year increase, attributed to brand marketing and product improvements. Net Profit -- €11 million posted. Segment Referral Revenue Growth -- The Americas grew 14% year-over-year, Rest of World grew 12% year-over-year, and Developed Europe grew 9% year-over-year, with normalization trends noted in Developed Europe after early-quarter headwinds from prior strong comparables."
"Operational Expenses -- Operational expenses totaled €153.4 million; excluding the prior year's €30 million impairment charge, operational expenses increased €17.7 million, mainly due to a €14.5 million rise in selling and marketing expenses. Advertising Spend -- Developed Europe up €7.2 million (17%), Rest of World up €2.8 million (11%), and The Americas up €3.6 million (9%), reflecting elevated brand marketing investments."
Total revenue was €165.6 million, a 13% year-over-year increase. Adjusted EBITDA reached €16 million, up 18% year-over-year, driven by brand marketing and product improvements. Net profit was €11 million. The Americas referral revenue grew 14%, Rest of World grew 12%, and Developed Europe grew 9%, with normalization in Developed Europe after early-quarter headwinds. Operational expenses were €153.4 million; excluding a prior-year €30 million impairment, expenses rose €17.7 million mainly from a €14.5 million increase in selling and marketing. Advertising spend rose across regions; ROAS improved in the Americas and Rest of World but declined in Developed Europe. Cash and equivalents were €106.3 million with no long-term debt. AI features and logged-in user initiatives supported conversion gains. Management reiterated mid-teens revenue growth guidance for 2025.
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