2025 results and 2026 objectives (Growth trend in the six-month next cycles)

 (2026-01-29)

   2025 results and 2026 objectives 

"Netgem (Euronext Growth: ALNTG) announces consolidated revenue of €31.7 million in 2025 (€33.8 million in 2024) and a gross profit of €22.8 million in 2025 (€23.6 million in 2024). 

Year recurring revenue grew by +3%, in accordance with the objectives announced in October 2025 and now represents nearly 77% of total revenue. 

Revenue for the second half of 2025 grew by 6% compared to the first half.  "

Growth trend in the six-month cycle, confirmed in all indicators:

Key Achievements in 2025 & Outlook 2026

"(...)

The successful launch of Netgem PLEIO in the UK at the end of 2025, in B2C and with Altnets operators (BRSK, Connect Fibre, Voneus, WightFibre to date), confirmed the potential of this solution. Its deployment is expected to accelerate in 2026, via current service distributors and with new operators expected in the first half of the year:

France should also see positive momentum in 2026, particularly with the launch of the PLEIO solution by the operator Vialis. The Indian market, with the operator Jio, saw growth in the second half of the year, with favorable prospects for 2026.

(...)

The activity returned to growth in the second half of 2025, driven by the first significant revenues from the generative AI subtitling solution, TheSubtil.ai, and the renewal of major content preservation contracts. 

This momentum is expected to continue in 2026 with the launch of new AI-based service offerings. Financial Strength 

The Group's gross cash position stands at €5.9 million as of December 31, 2025. Based on this financial strength, the increasing momentum of growth drivers, and a business model now largely recurring, 

Netgem approaches 2026 with confidence. Mathias Hautefort, CEO of the Netgem group, declared: « In 2025, we focused our efforts on renewing our product range to meet the rapid evolution of digital content consumption patterns. 

Netgem is thus positioned as the trusted European partner for publishers and telecom operators in enhancing the value of content. This strategy underscores our transformation into a digital content services platform, capable of funding our innovations while ensuring a regular return to our shareholders.»  (...)"

Financial Communication Calendar 2026:

● 2025 Results: Thursday, March 26, 2026 

● Q1 2026 Update: Thursday, May 28, 2026 

● General Meeting: Thursday, May 28, 2026, 2:30 PM 

● H1 2026 Results: Thursday, July 30, 2026 

● Q3 2026 Update: Thursday, October 15, 2026 

To reamember:

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

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To read:

Résultat opérationnel courant - prévisions:

Source:

https://www.elcorp.com/documents/155/2026-01-30_08_00_Flash_Netgem_CA2025.pdf

HITMAN : ABSOLUTION is a day-one smash hit on JioGames, powered by Netgem 🚀

20-01-2026 -  "HITMAN : ABSOLUTION is a day-one smash hit on JioGames, powered by Netgem"🚀

Already in the Top most-played games, Agent 47 takes over India with pure stealth, precision, and cinematic action. No downloads. No console. Just press play on TV or smartphone 🎮

The JioGames x Netgem partnership brings Indian gamers what matters most: premium games, instantly accessible, on ultrafast 5G & Fibre.

Play Hitman. Join the Cloud Gaming revolution. 🔥

hashtag#PLEIObyNetgem hashtag#Netgem hashtag#Jio hashtag#TelCo hashtag#JioGames hashtag#CloudGaming hashtag#India hashtag#Hitman hashtag#HitmanAbsolution hashtag#Agent47 hashtag#PremiumGaming hashtag#Innovation hashtag#ImmersiveExperience hashtag#GamingAnywhere hashtag#TVEverywhere hashtag#GamingInIndia hashtag#EntertheGame hashtag#IOInteractive

Source: https://www.linkedin.com/company/netgem/posts/?feedView=all

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To reamember:

NETGEM acquired Gamestream’s Cloud Gaming activities in October 2024.

"This takeover allow Netgem to deploy even more widely its immersive TV content offers, thanks to a proprietary Cloud Gaming solution already tested in real conditions with Tier 1 telecom operators in Europe, Asia and Africa-Middle East. Netgem immediately expands its footprint in emerging markets, with established commercial relationships with several leading telecom operators such as JIO in India, Telkom Indonesia, ETISALAT (UAE) or Sonatel (part of Orange group, Senegal). It is precisely in these emerging markets that Cloud Gaming makes it possible to considerably expand the distribution of video games, through streaming solutions, due to the cost of consoles or gaming PCs relative to purchasing power."

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("While exact frequent player numbers for JioGames aren't public, Jio has a massive user base of over 480 million subscribers, with some sources mentioning  7 million daily active users (DAU) specifically for JioGames, a figure likely growing as they expand cloud gaming access to their vast user base.

They leverage their 500M+ mobile users for potential gamers, offering many pre-installed games and cloud gaming access via JioGames, targeting a significant portion of India's 400M+ gamer population.")

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Relaince Jio Games plans


- The ~0,5€ plan is ideal for users who want to try out cloud gaming without a long-term commitment. It includes 10MB of data and three days of access to JioGames Cloud, with a validity of three days.

-- For those wanting a slightly longer trial, the ~1€ plan offers seven days of JioGames Cloud access, again with 10MB of data. This is a data voucher and requires an active base prepaid plan to be used.

-- Moving up the ladder, the ~3€ plan offers a full 28-day subscription to JioGames Cloud, along with 3GB of data (lump sum). Like the ~1€ plan, it's a data-only voucher and must be paired with an existing active prepaid plan.

-- The ~5€ plan is a comprehensive pack for more active users. It comes with 1.5GB of daily data plus 5GB of bonus data, unlimited voice calls, and 100 SMS per day, all valid for 28 days. Additional benefits include access to JioGames Cloud, a JioCinema subscription that includes Disney+ Hotstar Mobile, FanCode for 28 days, as well as access to JioTV and JioAICloud.

-- At the top end is the ~5,50€ plan, which includes all the benefits of the ~5€ plan but with a bump to 2GB of daily data and 5GB of bonus data. It also includes unlimited 5G data for eligible users, making it an attractive option for those looking to maximise their gaming and streaming experience.

 

₹48 Indian Rupees (INR) is worth approximately €0.48 Euros (EUR) / 3 days

₹98 Indian Rupees (INR) is worth approximately €1 Euros (EUR) / 7 days

₹298 Indian Rupees (INR) is worth approximately €3 Euros (EUR) / 28 days

...

Cloud Gaming is ready to liftoff, with PLEIO games on board!

 GAMING INDUSTRY GROWTH IS SET TO INCREASE!

Cloud Gaming is ready to liftoff, with PLEIO games on board:

"As 2025 comes to a close, the video game industry is emerging from its post-pandemic slump and ready to enter a new, more upbeat era. Employment and investment in the sector are stabilizing; growth is starting to pick up.

This cautiously optimistic industry outlook is evident in BCG’s latest Global Gaming Survey of approximately 3,000 gamers, as well as in numerous conversations with industry leaders and our work with companies in the industry. These data points suggest that the long-awaited end to the three-year “video game winter” is imminent, although growth will not return to the rates achieved during the 2010s, when the industry doubled in size in a decade:"

Source (december, 09, 2025): Video Gaming Report 2026

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Source: https://www.statista.com/outlook/amo/media/games/cloud-gaming/united-kingdom?srsltid=AfmBOorODEDlzsJcP-uoDt0GIQwM80UrD0JLsRiIEHgJnVFuJjSbYV0-#revenue

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UK:

"UK Cloud Gaming Market Size & Outlook, 2025-2030

The cloud gaming market in UK is expected to reach a projected revenue of US$ 667.1 million by 2030.

👉 A compound annual growth rate of 42% is expected of UK cloud gaming market from 2025 to 2030."

Source: https://www.grandviewresearch.com/horizon/outlook/cloud-gaming-market/uk

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See also: https://www.freely.co.uk/products/streaming-devices

About GAMESTREAM (part of Netgem Group)

About GAMESTREAM

(Netgem acquired Gamestream at 24/10/2024)

""... currently boasting nearly 500,000 subscribers, recently launched a service on PC, TV and mobile with JioGames, a video game leader in India, adding a potential of 1.4 billion additional players on the platform."

Interview @ Ivan Lebeau, Gamestream president - Mar 14, 2024

(https://x.com/bfmbusiness/status/1768160772222333051)

Au 14 Mars 2024,

La plateforme de Gamestream de Cloud Gaming est déployée en:
👉Europe, au
👉Moyen-Orient et en
👉Asie,

Elle est distribuée par:
👉Bouygues Telecom et Zeop (via son partenaire Netgem),
👉Telekom Slovenije (1er opérateur de Slovénie), et (1er opérateur télécoms des Émirats arabes unis),
👉Telkom Indonesia (1er opérateur télécoms d’Indonésie) (GameQoo) et désormais

👉Reliance Jio, opérateur principal en Inde et leader du jeu vidéo au travers de sa filiale JioGames.

Gamestream évolue aussi sur le marché de l’hospitalité.
Elle est ainsi le seul acteur du Cloud Gaming à avoir conclu un accord-cadre avec le groupe Accor pour distribuer sa solution dans ses hôtels à travers le monde.

Gamestream est un exemple de la réussite de la Deep Tech française. En seulement 4 ans, elle a su s’imposer comme un acteur majeur sur la scène internationale du Cloud Gaming, illustrant l'engagement de la French Touch à promouvoir l'innovation et le leadership français. Nous sommes fiers de contribuer aujourd’hui à son expansion, que nous souhaitons forte et durable », commente Guillaume Simonaire, directeur d'investissements chez Bpifrance.

La solution Gamestream est déployée en marque blanche en Europe, au Moyen-Orient et en Asie, notamment par Jio (Inde), Etisalat (UAE), Telkom Indonesia, Sunrise (Suisse), Chunghwa Telecom (Taïwan), Bouygues Telecom (France), Telekom Slovenije (Slovénie) ou encore par le groupe hôtelier Accor.

En décembre 2020, Gamestream a dévoilé Pleio, sa marque de Cloud Gaming grand public, disponible en première mondiale chez Bouygues Telecom. En janvier 2022, Ubisoft a signé un partenariat technologique avec Gamestream.

"GameQoo", from "Telkom Indonesia" uses Gamestream’s world-leading cloud technology and games catalogue!

It was launched in April 2019 for millions of Telkom Indonesia customers (~159M mobile customers) in Java (including the capital, Jakarta), Bali, and Madura.

Available on PC and IPTV, GameQoo and its selection of over 100 popular games from world-renowned game publishers such as Disney, Codemasters and Deep Silver, has proved immensely popular and is now being rolled out on those platforms throughout Indonesia to 👉more than nine million customers.

The games on offer will be expanded each month, with customers enjoying unlimited access to a catalogue worth thousands of dollars for a monthly subscription of around $7 USD."

https://twitter.com/Netgem/status/1849362586195599634

Sources:

(14/03/2024) https://x.com/bfmbusiness/status/1768160772222333051

(02/08/2021) https://www.gamespress.com/GAMESTREAM-POWERS-NATIONWIDE-ROLLOUT-OF-CL OUD-GAMING-IN-INDONESIA

(19/02/2021) https://www.thefastmode.com/services-and-innovations/19090-gamestream-inks-cloud-gaming-deal-with-telekom-slovenije-and-bouygues-telecom

(10/02/2021) https://www.gamespress.com/Gamestream-and-Chunghwa-Telecom-successfully-launch-iOS-cloud-gaming-a

***

Chiffres financiers : 

- au 31/12/2023 : 

CA:1 516k€ 

- au 31.12.2022 

CA : 1 547k€ 

REX : (1 002k€) 

RN : (668k€) 

-au 31.12.2021 

CA : 1 507k€ 

REX : (978k€) 

RN : (575k€)