"Operating Expenses were $28.2 million, up 12%, led by higher external marketing and AI-related subscription costs. Adjusted Net Income was $3.8 million, or $0.09 per share; previous year was $16.5 million and $0.46 per share due to higher adjusted EBITDA and finance income previously. Adjusted Free Cash Flow was $3.9 million, compared to $10.3 million year over year. Deferred Consideration and Loan Repayment included $6.2 million settled for OddsJam acquisition; $2.8 million in term loan repayment. Liquidity was $8.4 million cash; $40.9 million total liquidity including undrawn revolver; $121 million outstanding credit facility."
Revenue totaled $40.4 million, flat year over year, with sports data services growth offsetting marketing decline. Adjusted EBITDA was $9 million, producing a 22% margin versus 39% the prior year. Sports Data Services revenue rose to $11.2 million, up 13%, and represented 28% of revenue. New B2B OpticOdds contracts increased 94% year over year, and international partner count rose 178%. OpticOdds active partners increased 24% sequentially, and 86% of OpticOdds customers transitioned to API-based delivery. Marketing revenue fell 5% year over year due to SEO ranking and regulatory headwinds, with non-SEO sources contributing over half of marketing revenue. Gross profit declined to $34.4 million, and gross margin fell to 85% from 94%. Operating expenses rose 12%, and adjusted free cash flow decreased to $3.9 million. Liquidity totaled $8.4 million cash and $40.9 million total liquidity.
#revenue-growth #sports-data-services #opticodds-b2b-contracts #marketing-decline #margin-and-cash-flow
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