SABIO REPORTS Q3 2025 RESULTS - CONTINUED CORE BRANDED BUSINESS GROWTH IN A NON-POLITICAL YEAR
Executive Summary
- Sabio Holdings reported Q3 2025 gross revenue of $9.28 M, down 42% YoY, with adjusted EBITDA of $(2.25 M) versus a positive $2.58 M in the prior year quarter.
- Core ad‑supported streaming revenue grew modestly +2% YoY (excluding political/advocacy), while programmatic revenue now represents 20% of total gross revenue and international revenue surged 240% YoY.
- The company closed a CAD $1.28 M LIFE financing on Nov 12 2025 and retired CAD $1.7 M of convertible notes, simplifying its balance sheet.
Key Details
- Financial Highlights (Q3 2025 vs Q3 2024)
- Gross revenue: $9.28 M vs $16.05 M
- Net revenue: $8.21 M vs $16.05 M
- Gross margin: 59% (down from 63%)
- Adjusted EBITDA: $(2.25 M) vs +$2.58 M
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Cash & cash equivalents end‑period: $1.98 M vs $2.87 M
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Revenue Mix
- Ad‑supported streaming (core): 76% of sales mix, up 1 pt YoY
- Programmatic gross revenue: $1.9 M (20% of consolidated gross)
- International gross revenue: $2.2 M, +240% YoY, now 19% of total gross
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Mobile advertising gross revenue: $2.1 M
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Customer Metrics
- Branded logos increased 54% QoQ
- ~70% of top 2024 customers raised spend YTD 2025
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Recurring revenue remained high at 85% for the nine‑month period
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Operational Updates
- Creator TV expanded AVOD distribution on Plex and Xumo Play; launched Creator Poker Championship (Dec 18) with World Poker Tour.
- Development partnership with MADCOOL Media for original scripted/unscripted series.
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App Science™ database now covers 80 M U.S. households (~70% of streaming households).
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Capital Markets Activity
- Closed CAD $1.28 M “LIFE” financing (freely tradable shares) on Nov 12 2025.
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Completed non‑brokered debenture financing to retire CAD $1.7 M of secured/unsecured convertible notes.
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Board Change
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Paula Madison departed the Board effective Nov 24 2025 after four years of service.
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Outlook
- Management expects 2026 to benefit from U.S. mid‑term elections, expanded programmatic demand, and continued international traction.
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Q1 2026 pipeline projected to be ~60% YoY higher; Q1 2025 had grown 43% YoY.
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Conference Call
- Date/Time: Nov 25 2025, 10 a.m. ET / 7 a.m. PT
- Hosted by CEO Aziz Rahimtoola and senior management.
Notable Quotes
“What stands out is the performance of our underlying branded business… Nearly 40% of our consolidated sales mix now comes from areas we invested in strategically over the past year.” – Aziz Rahimtoola, CEO & Co‑Founder
“With 54% growth in branded logos, 240% international revenue growth, and programmatic reaching 20% of Q3 gross revenue, Sabio is diversifying and strengthening its year‑round revenue base.” – Aziz Rahimtoola