Azerion Group NV has reported its financial results for the year 2024, announcing a revenue increase to €551 million, a 7% rise from the previous year. The company has provided a revenue guidance for 2025, projecting figures between €600 million and €650 million. In the first quarter of 2025, Azerion achieved a 68% growth in EBITDA compared to the same period in the previous year, attributed to a sustained focus on efficiency and profitability. Significant business updates include the sale of its subsidiary Whow Games to DoubleDown Interactive for a total consideration of €65 million. This transaction is part of Azerion's strategic focus on strengthening its core business in digital advertising, alongside its expansion into cloud services and AI-driven solutions. Azerion has launched Azerion Intelligence, a platform offering cloud hosting and AI tools, catering to the growing demand for alternatives to major cloud providers, and positioning itself as a significant player in the European market for digital sovereignty solutions.
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