Audius Reports Robust Growth in Third Quarter 2024

Audius SE has reported a successful third quarter in 2024, with total revenue increasing by 9.2% to EUR 21.5 million, compared to EUR 19.7 million in 2023. The company also saw a 14.6% rise in EBITDA, reaching EUR 2.1 million from EUR 1.8 million the previous year. This organic growth is attributed to improved capacity utilization and higher license sales.

For the first nine months, total revenue grew by 6.2% to EUR 61.9 million. However, the operating result EBITDA decreased to EUR 5.2 million due to initial quarter revenue shortfalls and increased costs in new areas like Mobile Device Management and AWS/Cloud. Orders on hand significantly rose to EUR 76.3 million, setting a strong foundation for future growth.

Audius remains optimistic, targeting total revenue of EUR 83 million for 2024, with an EBITDA forecast of EUR 7.0 - 7.5 million. Efforts to optimize new business areas are underway as the company aims to achieve desired margins by 2025.