Operator
Good morning. Good night, everybody. Welcome to Catena Media’s Q3 Interim Report. I’m Manuel Stan, and in the present day, I am joined by our Chief Monetary Officer, Mike Gerrow. Right this moment, we might be chatting with our Q3 interim report, associated financials and our technique and outlook going ahead.
We are going to begin in the present day’s presentation with a high-level abstract of crucial developments within the quarter. I’m happy to see a stable quarter with development in each income and earnings. Q3 amounted to EUR 11.6 million. This represents an enchancment of 9% versus Q3 2024 and 22% versus Q2 2025. Adjusted for the weaker U.S. greenback, our major invoicing forex, income elevated by 15% from Q3 2024. The adjusted EBITDA improved to EUR 2.9 million, greater than double from the earlier quarter in addition to Q3 2024. The adjusted EBITDA margin improved to 25%, a big enchancment from 14% within the earlier quarter and 13% in Q3 2024.
In the course of the quarter, we continued to deal with operational effectivity and diversification. From a income diversification perspective, Q3 represented one other step in the best path as our efficiency advertising verticals, CRM, sub-affiliation and paid media, all proceed to extend their share of group income. The complete monetary impact of our price optimization program is now seen in our financials with notably decrease personnel and different working bills. The complete price base was down 6.9% year-on-year regardless of the upper direct prices coming primarily from sub-affiliation development. [indiscernible] resulted in improved effectivity throughout all areas of the enterprise. Whereas the expansion of those channels comes at a decrease margin, we’re happy to see the group’s total diminished reliance on the search channels.
