The Spanish Agile Content closes 2022 with 101.5 million euros in turnover

Agile Content concludes its 2022 accounts, confirming its growth in the OTT broadcast ecosystem through a turnover of 101.5 million euros.

The audited results of Agile Content corresponding to 2022 show a upward trend, both in operational and economic-financial terms, in the evolution of debt and cash generation.

The technology company, based in the Basque Country and with a global presence, has closed the 2022 financial year exceeding 100 million euros in turnover for the first time thanks to the positive business evolution. This figure represents 84.8% growth in revenue compared to 2021 (28.6% on a comparable basis) and means achieving the objective of competitive scale in the market segment in which it operates. Alfredo Redondo, CEO of Agile Content, highlights that the company has “doubled EBITDA to 10.3 million euros with an improvement in efficiency and materializing part of the synergies from the acquisitions of new businesses and companies carried out in 2021.”

The improvement in the company's results has also led to a year-on-year boost of +4.8 million euros in operating cash flow going from a negative amount of 1.2 million euros in 2021 to a positive 3.6 million euros in 2022. It also improves its financial position with the reduction of net financial debt to reach 20.3 million euros, this is a positive variation of 29% compared to 2021.

Solid future prospects for Agile Content

The future of the company, with organic growth of Agile Content of 28.6% at the end of 2022, will involve continuing to promote the development of its common shared infrastructure, which will be able to provide “scalability benefits to video and telecommunications provider partners.” For these processes, both R&D and growth, purchasing acquisitions such as WeTek.

Hernán Scapusio, president of Agile Content, takes stock of 2022 and is optimistic about tomorrow: "Despite the challenges that the market has presented in the last year, we continue to promote our strategy based on three solid pillars: organic growth, the effective integration of our acquisitions and investment in key technologies for generating value. In the next five years, more than 80 million Europeans will adopt new fiber connections and the objective is that all these connections can be accompanied by an enriching television service thanks to a “technical solution that guarantees the best experience at an affordable price to contribute to the expansion of the market.”