Bambuser Improves Adjusted EBITDA in Continuously Challenging Market
Bambuser reports a Q3 2024 ARR of SEK 97.1 million, representing a quarter-over-quarter growth of -6% at constant exchange rates (“CER”), and an organic quarter-over-quarter growth of -5% at CER. The Adjusted EBITDA improved by 27% year-over-year to SEK -16.8 million, reflecting our commitment to building a sustainable business model. The free cash flow for the quarter ended at SEK -28.9 million. The cash balance closed at SEK 190.8 million.
Despite a stable but challenging market outlook, the third quarter showed great success with key enterprise customers like Zara, who streamed their first live show with Cindy Crawford and Kaia Gerber, making big news across the retail industry.
This quarter also saw us focused on carving out and integrating the acquired Chat solution from Klarna, with ensuing successful expansions across our existing install base and the acquired Chat customers.
Q3 Key highlights
- ARR of SEK 97.1 million, -15% y/y and -6% q/q growth at constant exchange rates (“CER”), an organic growth of -23% y/y and -5% q/q (“CER”).
- Net Sales SaaS of SEK 25.4 million (31.3) representing a growth of -19% y/y and -5% q/q.
- Adjusted EBITDA of SEK -16.8 million (-23.1), representing a -66% margin, +8%p. y/y and +18%p. q/q.
- Free Cash Flow of SEK -28.9 million (-33.6), representing a -113% FCF margin, -37%p. y/y and -35%p. q/q.
- End of quarter Cash Balance of SEK 190.8 million (291.6).
- Consecutive significant improvements in Adjusted EBITDA demonstrate our commitment to building a sustainable business model.
The full Q3 2024 report is published at https://ir.bambuser.com/report-archive
