Dutch-Turkish Digital entertainment & media platform Azerion announced that they got listed on Euronext Amsterdam for $1.2 billion market capitalization.
“We started this journey in 2014, with a lot of dreams, and today we are proud to be standing here, the first Dutch-Turkish company to be publicly listed and the first company listing of 2022! Needless to say, this is an exciting time for everyone working at Azerion.”
Azerion, via LinkedIn.
Found in 2014, Azerion programs software to automate the digital advertisement process and online content and games. The company’s success in recent years increased on a logarithmic scale.
For Q3 2021, Azerion reported 83.5 million euros and adjusted earnings excluding interest, taxes, depreciation, and amortization of 17.4 million euros. The company forecasts a 28% increase in revenue compared to 2020. Forecasted revenue for 2021 is more than 300 million euros.
According to Reuters’ report, in December, the company had agreed to be bought by the SPAC European FinTech IPO Co 1 BV. With the deal, Azerion received 56 million euros for growth and acquisitions.
“The ultimate purpose is to make our business thrive and grow even faster. One of our key strengths is the scale and reach of our operations across Europe and the strength of our corporate partners and partnerships. When we walk into the Azerion offices and talk to all our international colleagues who make this possible every day, we are proud. We are here because of them, and we continue to dream of becoming better and more prominent.”
Atilla Aytekin and Umut Akpınar, co-CEOs of Azerion.
Reportedly, Azerion has 425 million customers monthly and more than 300K advertisers in their ecosystem.
