- The company has ended 2022 with revenues of €101.5 million and doubled EBITDA as a result of the growth in sales and the efficient integration of acquisitions
- During the 2022 financial year, Agile Content also strengthened its balance sheet by reducing net financial debt and driving cash generation
Bilbao, 16 February 2023 – Agile Content, a listed company and provider of Internet TV and broadcast solutions, has released its 2022 year-end forecast, maintaining its position as the leading provider of video infrastructure in Europe while fulfilling its mission to establish its leading position on the Pay TV market and OTT.
The unaudited results of Agile Content for 2022 show an upward trend in the evolution of debt and cash generation, both in operational and economic-financial terms.
The tech company, based in the Basque Country and with a presence in more than 24 countries, has ended the 2022 financial year with a turnover of over €100 million thanks to the positive evolution of the business. This figure represents growth of 84.8% in revenue on 2021 and the company has met its goal of of competitive scale in the market segment in which it operates.
The company has consolidated this growth rate thanks to recurring income of 72%, the outcome of both inorganic growth due to past acquisitions and the organic growth of the activity. It should be noted that if the pro-forma billing of the acquired companies were added to the 2021 sales figure, organic growth would be around 30%. This growth is calculated taking the pro-forma complete sales of the companies acquired during 2021. There is a discrepancy with the method of calculation that was published in the report for the first half of 2022 when only the pro-forma data of one of the companies acquired was included.
Agile Content has also practically doubled EBITDA to €9.9 million with an improvement in efficiency and materializing part of the synergies from the acquisitions of new businesses and companies in 2021.
The improvement in the company’s results has led to an interannual boost of +€4.4 million in OFCF, from a negative € 1.1 million euros in 2021 to a positive €3.3 million in 2022. It has also improved its financial position by reducing the net financial debt to €25.4M (-€3.3M vs. 2021).
The detailed document is available here.
About Agile Content
Agile Content is a technology group offering a modular TV platform to accelerate and drive the launch of sustainable TV services.
Thanks to its unique team in the video industry, more than two decades of experience, its own TV service and ongoing investment, Agile Content ensures that its solution stands out for incorporating all the necessary cases to launch and operate an efficient TV business and with sustained value for the end user.
Agile Content covers the entire content value chain from a holistic and highly scalable approach. Its adaptive solutions are already reaching more than 50 million homes worldwide. It has positioned its TV service, Agile TV, as one of 5 fastest growing pay-TV platforms in Europe.
Agile Content partners with its clients by offering highly flexible business and service models that guarantee adaptability and operational efficiency. With an open innovation approach, Agile Content partners with an ecosystem of companies from different sectors to develop and drive the innovations that will revolutionise the TV experience for decades to come.
Founded in 2007, Agile Content has been listed on the BME Growth market since 2015.