France's Verimatrix Q3 anti-piracy revenue rises, reaffirms FY outlook

By Reuters News


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


Reuters Recommended Reads

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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.)

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