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Azerion Group N.V
(AZRN)
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Rating:41Neutral
Price Target:
€0.79
▼(-37.06% Downside)
Action:Reiterated
Date:09/24/26
The score is held down primarily by weak financial performance—persistent losses and a high-risk balance sheet with negative equity—despite a recent improvement in operating and free cash flow. Technical indicators also point to a downtrend (below key moving averages with negative MACD), while valuation support is limited because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Integrated digital platform
A platform combining advertising technology, owned and partner inventory, and digital entertainment can diversify monetization across audiences and channels. This structure may support recurring advertiser and user engagement revenue while creating opportunities to scale content and technology over the next several quarters.
Negative Factors
Persistent losses and declining revenue
Falling revenue alongside a sustained negative net margin indicates that the business has not yet converted its platform scale into durable bottom-line profitability. Continued losses can constrain reinvestment, weaken financial flexibility, and make future earnings more dependent on a successful operating improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated digital platform
A platform combining advertising technology, owned and partner inventory, and digital entertainment can diversify monetization across audiences and channels. This structure may support recurring advertiser and user engagement revenue while creating opportunities to scale content and technology over the next several quarters.
Read all positive factors
Azerion Group N.V (AZRN) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€96.23M
Dividend YieldN/A
Average Volume (3M)36.97K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-3.97%
EPS Growth-20.20%
CountryNL
Employees912
SectorGeneral
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.27
Shares Outstanding122,870,790
10 Day Avg. Volume9,480
30 Day Avg. Volume36,969
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)9.39
Price to Sales (P/S)0.26
P/FCF Ratio-14.09
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)0.2
Revenue Forecast (FY)€651.10M
Azerion Group N.V Business Overview & Revenue Model
Company Description
Azerion Group N.V. oversees a worldwide digital platform dedicated to entertainment and media. This unified platform furnishes technological tools designed to streamline the buying and selling of online advertising space, catering to advertisers, ...
How the Company Makes Money
Azerion primarily makes money through digital advertising and related platform services. Its core revenue model is to monetize audience attention across digital channels by selling advertising placements (e.g., display, video, and other programmat...
Azerion Group N.V Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 522.00M | 540.60M | 551.20M | 515.00M | 452.60M | 308.10M |
| Gross Profit | 128.00M | 146.00M | 173.80M | 182.70M | 166.30M | 120.90M |
| EBITDA | 41.50M | 50.80M | 17.80M | 118.20M | -79.50M | 33.40M |
| Net Income | -34.00M | -34.60M | -57.90M | 23.70M | -134.30M | -19.60M |
Balance Sheet | ||||||
| Total Assets | 473.60M | 581.90M | 679.10M | 652.00M | 638.50M | 382.48M |
| Cash, Cash Equivalents and Short-Term Investments | 32.60M | 58.00M | 90.60M | 40.30M | 50.90M | 1.45M |
| Total Debt | 260.50M | 230.40M | 293.60M | 184.60M | 228.60M | 224.80M |
| Total Liabilities | 483.80M | 558.30M | 621.90M | 542.40M | 542.30M | 404.69M |
| Stockholders Equity | -17.60M | 14.70M | 50.40M | 104.30M | 93.80M | -22.20M |
Cash Flow | ||||||
| Free Cash Flow | 19.80M | -9.80M | -13.00M | 25.10M | 23.20M | 5.90M |
| Operating Cash Flow | 39.80M | 11.50M | 7.80M | 49.90M | 44.90M | 24.00M |
| Investing Cash Flow | 27.70M | 13.70M | -36.80M | -5.30M | -75.80M | -83.10M |
| Financing Cash Flow | -100.40M | -70.50M | 80.10M | -55.40M | 47.40M | 84.00M |
Azerion Group N.V Technical Analysis
Negative
1.26
Price Trends
0.97
Negative
0.99
Negative
0.97
Negative
Market Momentum
-0.05
Positive
19.46
Positive
22.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AZRN, the sentiment is Negative. The current price of 1.26 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.97, and above the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 19.46 is Positive, neither overbought nor oversold. The STOCH value of 22.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:AZRN.
Azerion Group N.V Peers Comparison
UnderperformOutperform
Sector (55)
NL:AZRN
Azerion Group N.V
0.75
-0.52
-40.94%
NL:BNJ
Banijay Group N.V. Class A
8.20
0.16
1.98%
NL:HAVAS
Havas NV
17.55
3.43
24.25%
NL:CABLE
Global InterConnection Group Limited
278.00
6.00
2.21%
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.