France's Verimatrix Q3 anti-piracy revenue rises, reaffirms FY outlook
Overview
France security solutions provider's Q3 anti-piracy revenue grew 20% yr/yr to $10.4 mln
Recurring subscription revenue rose 5% yr/yr, driven by new contracts in live sports streaming
Company confirmed 2026 guidance, citing anti-piracy focus and Kaltura partnership
Outlook
Verimatrix confirms 2026 guidance for Anti-Piracy revenue growth and EBITDA above $3 mln
Company maintains 2026-2028 roadmap targeting EBITDA growth and positive free cash flow by 2028
Result Drivers
LIVE SPORTS STREAMING - New contracts in live sports streaming drove recurring subscription revenue growth
LICENSE SALES - Increased license sales, especially in India and Latin America, contributed to non-recurring revenue growth
KALTURA PARTNERSHIP - Strategic partnership with Kaltura, announced in early September, supported growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue | $31.6 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Verimatrix SA is €0.27, about 10.2% above its October 23 closing price of €0.25
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)