Ad Pepper Media International N.V. Reports Q1 2024 Financial Results

Ad Pepper Media International N.V., a prominent European performance marketing company, disclosed its financial outcomes for Q1 2024. The company recorded growth in gross sales by 6 percent, reaching EUR 20,772k. This represents an increase from EUR 19,593k in Q1 2023. Revenues also rose by approximately 2 percent to EUR 5,176k, up from EUR 5,099k in the previous year's first quarter.

The firm's EBITDA saw a notable improvement, turning to EUR 221k in Q1 2024 from a negative EUR 328k in Q1 2023. The Webgains segment's EBITDA notably increased more than threefold to EUR 631k, highlighting successful operational and cost efficiencies. Additionally, the ad agents segment raised its EBITDA to EUR 191k from a negative position in the previous year, whereas the ad pepper segment experienced a slight EBITDA decline to EUR -13k.

Further details on the company's quarterly performance will be made available with the full report, which is expected to be published on May 24, 2024. Liquid assets also showed a positive upward trend.