(AOF) – Ateme published third quarter turnover of 20.5 million euros, down 4% but up 1% on a like-for-like basis. Over the first nine months of the 2023 financial year, it grew by 8% to 69.56 million euros. The United States/Canada region confirmed its position as the leading contributor to the video streaming specialist’s revenue, representing 44% of the group’s total, with an increase of 13% in published and comparable figures.
“The fourth quarter historically benefits from a positive seasonal effect, and 2023 will be no different, with a substantial pipeline heading into the end of the year,” Ateme said in a statement.
In this context, the company confirms its revenue growth objective of 10 to 15% on a comparable basis for the whole year and also maintains its EBITDA objective above 5 million euros, “even if, in the macroeconomic context, this objective is logically more difficult to achieve”.
After superior performance in 2021 and 2022, the growth of MMR (Monthly Recurring Revenue) took a pause during the first nine months of 2023. However, MRR is expected to return to growth in the fourth quarter, which confirms the roadmap and the 2024 objective.
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