Spain’s Agile Content posts strong growth figures

Video infrastructure provider Agile Content saw its revenue increase by 169% year-on-year in the first half of 2022, from more than €55 million in the entire 2021 to more than €46 million in the first half of this year.

The figure includes organic growth of 41%. Agile Content has adopted a combined B2B2C and B2B strategy, and says it now has

a backlog of more than €280 million spanning the next seven years.

The company posted EBITDA of €4.8 million, up from €2 million, and operating cash flow of €5.3 million, up from €1.7 million for the same period last year.

From its B2B2C activities, Agile TV Platform has reached 780,000 subscribers by the end of the first half of 2022, laying claim to be one of the top five fastest growing pay TV groups in Europe and among the top 30 pay TV groups in Europe for subscribers.

The company’s strategy combines the development and operations of a common shared infrastructure that provides scalability benefits to telcos and video provider partners, with investments in its own technology.

From Agile TV Technologies, its B2B arm, Agile Content now works with 17 of the top 50 telcos worldwide with more than 50 million households now benefitting from its services, the company said.

Events after the end of June include liquidation of a pending payment due to the acquisition of the pay TV business of Euskaltel carried out in August 2021 and the closure of two new lines of financing amounting to €9 million.

Agile Content last year acquired the TV business of northern Spanish cable operator Euskaltel from the company’s new-owner, MásMóvil for a reported €32 million.

Hernan Scapusio

Agile Content already supplied TV services to MásMóvil’s Yoigo customers under the AgileTV brand.

MásMóvil and Euskaltel, which operates under the Euskaltel, R and Telecable brands in northern Spain and as Virgin telco in the rest of the country, have contracted Agile Content to supply TV services to the group for eight years in the first instance.

MásMóvil is currently preparing to merge with Orange España, creating a 50:50 JV to compete with Telefónica and Vodafone.

“As a result and reaping the fruits of the integrations of the companies acquired in 2021, Agile Content experiences a positive evolution towards recurring revenue, which exceeds 75%, reaching more than €60 million of annualized recurring revenue), improving efficiency and cash flows,“ said Alfredo Redondo, CEO of Agile Content.

“During the first semester of the year we verify an operating efficiency that reflects an increase in EBITDA up to €4.8M and a generation of €5.3M in cash flow operations box, which compares with an EBITDA of €2M and an operating cash flow negative of €1.7M in the same period of the last year.”

Hernán Scapusio, president of Agile Content said: “I am delighted to see the great achievement of the company during this first semester of 2022. The results confirm Agile Content is moving in the right direction to meet the 2020-2024 Strategic Plan to boost our innovation capability within a flawless and efficient operation, and to continue to play an outstanding role in the consolidation of the TV market.”