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Cliq Digital AG
(XETRA:CLIQ)
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Rating:54Neutral
Price Target:
€5.00
▲(16.82% Upside)
Action:Reiterated
Date:09/06/26
Overall score reflects weak profitability and contracting revenue as the main drag, partially offset by positive operating cash flow and manageable leverage. Technically, the uptrend is supportive but overbought conditions raise near-term downside risk, while valuation is difficult to anchor due to losses despite an unusually high dividend yield.
Positive Factors
Recurring subscription model
Recurring, auto-renewing subscriptions can provide repeat revenue and improve customer lifetime value when users remain engaged. Cliq also offers multiple entertainment categories through online and mobile channels, creating a scalable model with several ways to serve consumer demand.
Negative Factors
Material revenue contraction
Sustained revenue contraction is a significant threat to the subscription model because lower scale reduces the pool of revenue available to cover customer acquisition, content, platform and operating costs. Continued declines could weaken market reach and make a durable recovery in earnings more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription model
Recurring, auto-renewing subscriptions can provide repeat revenue and improve customer lifetime value when users remain engaged. Cliq also offers multiple entertainment categories through online and mobile channels, creating a scalable model with several ways to serve consumer demand.
Read all positive factors
Cliq Digital AG (CLIQ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€22.78M
Dividend Yield0.79%
Average Volume (3M)3.84K
Price to Earnings (P/E)―
Beta (1Y)0.06
Revenue Growth-45.73%
EPS Growth55.34%
CountryDE
Employees102
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-2.23
Shares Outstanding4,470,614
10 Day Avg. Volume6,887
30 Day Avg. Volume3,844
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.13
Price to Sales (P/S)0.06
P/FCF Ratio0.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.04
Revenue Forecast (FY)€63.00M
Cliq Digital AG Business Overview & Revenue Model
Company Description
Cliq Digital AG functions as a streaming service provider, specializing in the performance marketing of a wide array of entertainment products aimed at the general consumer market. Its members can access a diverse selection of content, including f...
How the Company Makes Money
Cliq Digital primarily makes money by selling recurring, auto-renewing digital entertainment subscriptions to consumers. Customers pay a periodic fee (typically weekly or monthly, depending on the market and product) to access Cliq’s curated/bundl...
Cliq Digital AG Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Negative
The earnings call highlighted significant challenges due to new payment processing regulations, impacting sales, customer acquisition, and overall financial outlook. Despite improved profitability and cash position, the inability to process payments effectively and the withdrawal of the 2025 outlook overshadowed the positives.Positive Updates
Improved Profitability and Cost Management
EBITDA increased by over 30% to EUR 6.5 million with the EBITDA margin reaching 7%, up from 3% in the prior year first half. Customer acquisition costs were halved from EUR 54 million to EUR 27 million. Operating free cash flow increased significantly from EUR 2.1 million in Q1 to EUR 6.8 million in Q2.
Negative Updates
Payment Processing Challenges
New policies by card schemes and acquiring banks are significantly impacting business operations, restricting new customer acquisition and limiting payment processing for existing customers. This issue is expected to have a material adverse effect on sales and EBITDA for the remainder of 2025.
Read all updates
Q2-2025 Updates
Positive
Negative
Improved Profitability and Cost Management
EBITDA increased by over 30% to EUR 6.5 million with the EBITDA margin reaching 7%, up from 3% in the prior year first half. Customer acquisition costs were halved from EUR 54 million to EUR 27 million. Operating free cash flow increased significantly from EUR 2.1 million in Q1 to EUR 6.8 million in Q2.
Read all positive updates
Company Guidance
During the earnings call for Cliq Group's Second Quarter 2025, the company announced the withdrawal of its 2025 outlook due to significant disruptions in the global digital payments ecosystem. New regulatory standards introduced by card schemes and acquiring banks have severely impacted their ability to acquire new customers and process payments for existing ones, leading to an anticipated negative impact on sales, EBITDA, and the customer base's lifetime value. Despite these challenges, the company reported an increase in EBITDA by over 30% to EUR 6.5 million, with an improved EBITDA margin of 7%. However, group sales declined to EUR 98 million from EUR 141 million in the first half of 2024, and the customer base dropped to 600,000. Operating free cash flow improved significantly, reaching EUR 6.8 million in Q2, and the net cash position increased to EUR 20 million. The company is exploring alternative payment methods and engaging with partners to mitigate the impact of the regulatory changes.Cliq Digital AG Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.80M | 131.90M | 243.02M | 326.36M | 276.06M | 149.98M |
| Gross Profit | 3.10M | -7.87M | 45.67M | 84.64M | 74.76M | 96.11M |
| EBITDA | 26.07M | 45.91M | -12.69M | 50.04M | 45.20M | 27.45M |
| Net Income | -13.00M | -12.40M | -27.85M | 31.84M | 29.05M | 17.82M |
Balance Sheet | ||||||
| Total Assets | 70.80M | 74.00M | 98.14M | 154.68M | 135.10M | 96.27M |
| Cash, Cash Equivalents and Short-Term Investments | 24.80M | 30.80M | 11.92M | 15.74M | 16.80M | 7.30M |
| Total Debt | 12.90M | 1.85M | 3.64M | 4.32M | 11.75M | 8.53M |
| Total Liabilities | 20.90M | 13.17M | 27.03M | 51.59M | 53.79M | 36.71M |
| Stockholders Equity | 49.90M | 60.90M | 71.20M | 103.18M | 81.37M | 59.53M |
Cash Flow | ||||||
| Free Cash Flow | 4.90M | 22.53M | 3.47M | 19.68M | 14.24M | 17.48M |
| Operating Cash Flow | 17.75M | 22.64M | 8.75M | 30.39M | 23.80M | 20.77M |
| Investing Cash Flow | -200.00K | -2.10M | -5.28M | -11.76M | -8.40M | -4.79M |
| Financing Cash Flow | -12.86M | -1.67M | -7.15M | -12.79M | -7.70M | -14.60M |
Cliq Digital AG Technical Analysis
Positive
4.28
Price Trends
3.86
Positive
3.72
Positive
2.83
Positive
Market Momentum
0.36
Negative
80.03
Negative
88.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CLIQ, the sentiment is Positive. The current price of 4.28 is above the 20-day moving average (MA) of 4.21, above the 50-day MA of 3.86, and above the 200-day MA of 2.83, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 80.03 is Negative, neither overbought nor oversold. The STOCH value of 88.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:CLIQ.
Cliq Digital AG Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €15.73M | 4.23 | 115.10% | 5.21% | 11.17% | 267.38% | |
63 Neutral | €97.70M | 7.48 | 22.05% | 6.52% | 8.89% | 23.58% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | €22.78M | -2.29 | -23.05% | 0.79% | -45.73% | 55.34% |
* Communication Services Sector Average
DE:CLIQ
Cliq Digital AG
5.06
2.23
78.86%
DE:KA8
Klassik Radio AG
3.26
0.11
3.36%
DE:RTV
Your Family Entertainment AG
0.28
-1.02
-78.46%
DE:VXT
tmc Content Group Ltd
0.17
>-0.01
-4.62%
DE:EDL
Edel SE & Co. KGAA
4.60
0.64
16.28%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.