Netgem: Growth of +30% in ARR guaranteed for 2023

Growth of +30% in Annual Recurring Revenue

already guaranteed for 2023

Trading Update of 19 October 2023

"Confirmation of the ARR* growth objective of 30% in 2023:

 ✓ Strong commercial activity for Netgem’s “Immersive TV” offer integrating Content and Cloud Gaming for operators 

✓ Continuing integration of the acquired Eclair subsidiaries to provide new offers from 2024, and an axis of profitability and complementary growth 

✓ ESG Gold mark (score 73/100) attributed by Ethifinance for year 2022

The group is also continuing to grow its subscriber base in its different geographic markets, in particular with its customers Zeop in France, Elisa in Finland and TalkTalk in the United Kingdom. British telecom operator brsk also launched its new television service"Better.TV" with the Netgem TV platform.

  France Channel launched its service on Amazon Channel. (...)"

*  Annual Recurring Revenue.

 
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Revenue:

Revenue in 2021 = 28.3 MEur

Revenue in 2022 = 36.3 MEur  (+28%)

Revenue in 2023 =~ ? MEur  (+?%) 

Revenue for H1 2023 amounts to €18.1M (H1 2022: €16.3M), up 11% on the same period in 2022. ARR H1 2023 was €10.1M (H1 2022: €6.1M), up 65%. This growth translates into a 4% increase in gross margin to €10M.

Continued control of operating costs combined with growth in gross margin resulted in a 21% increase in Ebitda H1 2023 to €3.8M (H1 2022: €3.2M).

Source:

https://www.netgem.com/en/investors/regulatory-press-releases

https://www.netgem.com/en/investors/regulatory-information

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24 OCTOBRE 2023:

Source

Une bonne année 2023 est attendue pour Netgem

 Voir:

https://twitter.com/Netgem/status/1610287471337644034

CINESSANCE subscribers, to migrate to "France Channel" TV (USA & Canada)

"If you wish to enjoy watching French cinema, we encourage you to use FRANCE CHANNEL TV, a streaming platform specialized in French movies & series, documentaries and TV shows.

All present and past Cinessance subscribers can benefit from 90% first month discount to France Channel TV by using the following promo code: CINESSANCE."

Source (8 december 2022): cinessance.com/

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To read (december 8, 2022):

"Cinessance shuts French VOD platform 

"The French VOD platform Cinessance has closed after it ran out of funding.

(...)

Cinessance has arranged for a discounted subscription to the France Channel platform for its subscribers.

Launched in November 2021, Cinessance was initially available in the United States and Canada.

Source:https://www.broadbandtvnews.com/2022/12/08/cinessance-shuts-french-vod-platform/