Otovo Q2 adjusted EBITDA loss narrows to USD 4.5 million; revenue rises 8% q/q to USD 10 million

Reuters2026/08/13 05:09

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Otovo posted Q2 2026 revenue of USD 10 million, up 8% quarter-on-quarter.
Adjusted EBITDA (non-IFRS) loss narrowed to USD 4.5 million, improving USD 1.1 million q/q and USD 1.5 million y/y.
Adjusted group gross profit (non-IFRS) rose 28% q/q to USD 2.3 million, while adjusted OpEx (non-IFRS) fell 9% q/q to USD 6.8 million.
Customer base reached about 55,000 as of July 31, up more than 80% from Q1 2026; Endurance identified over USD 5 million annualized cost avoidance.
Guidance lifted to USD 105-115 million Q4 2026 annualized revenue run-rate, adjusted EBITDA (non-IFRS) USD 15-20 million; year-end customers seen at ~90,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otovo ASA published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Otovo Q2 adjusted EBITDA loss narrows to USD 4.5 million; revenue rises 8% q/q to USD 10 million

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