Netgem 2025 Half-Year Results: Profit Up Despite Falling Revenue

Netgem announced an 8% decline in its overall revenue in the first half of 2025, reaching €15.4 million, compared to €16.7 million in the same period in 2024. However, recurring revenue increased by 3%, representing 79% of total revenue. This increase is attributed to the success of new cloud gaming and FAST channel offerings.

Gross margin improved to 71% of revenue. Despite a 9% increase in operating expenses, net profit remained positive at €0.4 million. Netgem continues to have a solid financial position, with shareholders' equity of €23.6 million and net cash of €4.8 million.

With strong growth in operating profit expected for the 2025 financial year, Netgem remains confident in its innovation strategy despite the decline in a competitive audiovisual market.