WeCommerce Holdings Ltd. Class A earnings date
WeCommerce Holdings Ltd. Class A (B40) Q3 2026 Earnings Report
DE:B40 Q3 2026 EPS Results
- Actual EPS
- -EUR 0.06
- Consensus EPS
- -EUR 0.01
- Beat/Miss
- Missed by -EUR 0.06
- One Year Ago EPS
- EUR 0.00
DE:B40 Q3 2026 Revenue Results
- Actual Revenue
- EUR 33.05M
- Expected Revenue
- EUR 31.87M
- Beat/Miss
- Beat by +EUR 1.18M
- YoY Revenue Growth
- -3.22%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
WeCommerce Holdings Ltd. Class A's next earnings date is estimated for April 9, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was clearly positive overall. Management reported record-level adjusted EBITDA performance, expanding recurring revenue, improved leverage, higher cash, strong results from Metalab and Serato, and the Oso Cloud acquisition. These strengths outweighed the reported year-over-year revenue decline, pressure at WeCommerce and Creative Market, project-timing variability at Metalab, and the comparison against a one-time-boosted prior-year free cash flow result.
Management expects to keep its focus on cost management and efficiencies with the objective of continuing to produce strong adjusted EBITDA and adjusted EBITDA margins, while working towards 25% as a benchmark, though “not going to suggest it’s going to be 25% every quarter”; most of the operational work is “largely done,” with the “large amount of that work” finished “for the year.” Tiny remains committed to its target leverage of 2 to 2.5x, using increased cash flow to bring leverage down, increasing the recurring revenue base to improve adjusted earnings durability, and expects strong operating leverage within Serato “to continue the revenue base”; Metalab’s performance is not expected to be extrapolated into every quarter going forward because it remains a project business.
- Adjusted EBITDA Reached a Record MarginAdjusted EBITDA was $13.2 million, up 30% from Q3 2025 and 24% from Q2 2026. The adjusted EBITDA margin was 25%, up from 19% a year ago and 21% in Q2, representing the highest margin of the previous eight quarters and Tiny's best quarter since becoming public more than three years ago.
- Improved Leverage and Balance Sheet PositionNet debt to adjusted EBITDA declined to 2.3x from 2.8x in Q2 and from above 3x in 2024, putting leverage within Tiny's target range of 2 to 2.5x. Management also stated that the company has no pending maturities.
- Strong Cash Generation and Higher Cash BalanceFree cash flow was $8.6 million, or $0.29 per share, a significant improvement from $0.02 per share in Q2 2026. Cash grew to $39.5 million, up $8 million during the quarter and from $29.3 million at year-end.
- Recurring Revenue Continued to ExpandQuarterly recurring revenue was $17.2 million, up 2% year-over-year and representing 33% of total revenue versus 31% last year. On an LTM basis, recurring revenue increased to $70.2 million from $49.8 million and represented 34% of LTM revenue, with growth coming from acquisitions and organic growth.
- Oso Cloud Acquisition Expanded ARRAfter quarter end, Tiny acquired Oso Cloud, an enterprise permissioning software business with $5.3 million of ARR. Management described it as a strong addition purchased at an attractive price, increasing Tiny's ARR from approximately $69 million to closer to $75 million.
- Metalab Delivered Its Strongest Quarter Since 2022Metalab revenue increased 25% from Q2 2026, supported by larger client engagements, better utilization across the business, and the ramp-up of significant new clients. Management said the improvement reflected broad engagement across many larger enterprises.
- Digital Services Grew on Metalab StrengthDigital services revenue increased to $19.6 million from $18.6 million a year ago and grew 12% on an organic basis, with the quarterly improvement largely driven by Metalab.
- Serato Launched DJ for iOSSerato launched DJ for iOS in October, bringing DJ software to iPhone and iPad with support for more than 120 controllers and mixers. Management also reported strong operating leverage at Serato and said it expects that leverage to continue with the revenue base.
- Letterboxd Membership Surpassed 33 MillionLetterboxd membership surpassed 33 million, up 42% year-over-year and more than tripling since Tiny Fund I acquired the business in 2023.
- Long-Term Revenue IncreasedRevenue over the past 12 months grew 4% to $207 million from $199.6 million. Software and apps LTM revenue increased to $91.3 million from $68.5 million, reflecting the inclusion of a full year of Serato.
- Operational Efficiency Improvements Supported ProfitabilityManagement attributed the EBITDA improvement to Serato's outperformance, Dribbble contract wins, significant cost reductions across the portfolio, and operational efficiencies undertaken during the first half of the year.
- WeCommerce Cost Reset Contributed to Margin ImprovementManagement said the quarter's software and apps margin improvement reflected meaningful changes within the WeCommerce department, together with meaningful operating leverage from Serato.
- Tiny Fund I Revenue and Investment Value IncreasedTiny Fund I companies generated USD 13.7 million of revenue in Q3, up 4% from USD 13.2 million in the previously reported quarter. LTM fund-company revenue was $56.1 million versus $49.2 million in the comparable period. The carrying amount of Tiny's 21.41% interest was CAD 46.3 million, just under 5% higher than at December 31, 2025.
- Fund Distributions Remained ConsistentTiny received $0.5 million of distributions from Tiny Fund I during the quarter, consistent with Q2 and slightly higher than the year-ago amount.
- AeroPress Had a Strong QuarterAeroPress delivered a strong quarter driven by a strong set of Amazon Prime Days and traction from new product launches.
- Continued Focus on Profitable Growth and Capital AllocationManagement plans to continue increasing the recurring revenue base, improving adjusted earnings durability, maintaining focus on cost efficiencies, reducing leverage, increasing financial flexibility, pursuing high-quality acquisition opportunities, and strategically repositioning select businesses.
- Balance Sheet Supports Future InvestmentManagement said the lower leverage and increased cash flow position Tiny to deploy capital when opportunities arise, citing the Oso transaction as an example, while remaining committed to its target leverage range.
- Fund Companies Continue to Pursue Growth InitiativesTiny Fund I is continuing to work toward revenue and NAV increases through operational excellence and improved profitability, with growth supported by new product launches and distribution opportunities.
DE:B40 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Apr 09, 2027 | 2026 (Q4) | 0.01- | -0.23 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | -0.01-0.06 | 0 | ― | |
| Aug 06, 2026 | 2026 (Q2) | 0.11-1.66 | 0.25 | -757.50% (-1.92) | |
| May 13, 2026 | 2026 (Q1) | 0.09-0.23 | -0.1 | -131.25% (-0.13) | |
| Mar 30, 2026 | 2025 (Q4) | -0.13-0.94 | -0.76 | -23.33% (-0.18) | |
| Nov 13, 2025 | 2025 (Q3) | -0.160.00 | -0.25 | 100.00% (+0.25) | |
| Aug 12, 2025 | 2025 (Q2) | -0.050.25 | -0.05 | 600.00% (+0.30) | |
| May 15, 2025 | 2025 (Q1) | ―-0.01 | -0.25 | 95.00% (+0.24) | |
| Apr 29, 2025 | 2024 (Q4) | -0.05-0.10 | -0.25 | 60.00% (+0.15) | |
| Nov 15, 2024 | 2024 (Q3) | -0.13-0.25 | -0.15 | -66.67% (-0.10) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
