Ad Pepper Media Sees 12% EBITDA Increase in Q1 2026

Ad Pepper Media International N.V. has posted a preliminary EBITDA of €1.5 million for Q1 2026, surpassing First Berlin Equity Research's forecast by 12%. The firm maintains an EBITDA guidance for the year between €6.5 million and €7.5 million, aligned with the analyst’s projection of €7.5 million. Despite potential risks like the Hormuz Strait's closure, the company continues to benefit from acquisition-based growth, further acquisitions, international expansion, and technology-driven cost efficiencies.

The impressive Q1 results exclude divested subsidiary Ad Agents but include contributions from Solute and Checkout Charlie. This reflects the new digital performance marketing model, marking the best first-quarter performance in the company's history. The research by First Berlin, led by Dr. Karsten von Blumenthal, reaffirms a 'Buy' recommendation with a target price of €5, offering a 77% upside potential.