NAGA's Core Earnings Fall 40% as It Spends 32% More on Marketing
By Damian Chmiel
AI summary of the source article
NAGA Group's third-quarter EBITDA fell 40% to EUR 1.35 million as it increased marketing spending by 32%. Group revenue slipped to EUR 12.7 million ahead of the planned launch of its NAGA One app.
Why it matters
CEO Octavian Patrascu said the lower EBITDA reflected seasonality and "our deliberate decision to increase marketing investment ahead of Q4."
Key facts
- NAGA's Q3 EBITDA dropped 40% quarter-over-quarter to EUR 1.35 million as marketing spending increased by 32%.
- Group revenue fell to EUR 12.7 million from EUR 13.3 million in Q2, while trading volume jumped 52% to EUR 57.8 billion.
- The broker prioritized the fourth-quarter rollout of NAGA One, a unified app for trading, investing, crypto, and payments.
Source excerpt · Finance Magnates
NAGA Group's EBITDA fell 40% to EUR 1.35 million in the third quarter from the second, the Hamburg-based broker said today (Thursday). It raised marketing spending by 32% over the same period ahead of a planned app launch. Group revenue slipped to EUR 12.7 million from EUR 13.3 million in the second quarter, while net revenue rose 2.2% to EUR 12.1 million. The EBITDA margin narrowed to 10.6% from…