Azerion Group N.V (NL:AZRN)
:AZRN
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Azerion Group N.V
(AZRN)
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Rating:45Neutral
Price Target:
€0.69
▼(-45.40% Downside)
Action:ReiteratedDate:03/09/26
The score is held down primarily by weak financial performance (recent losses, negative free cash flow, and a thin equity buffer alongside high debt) and bearish technicals (price below key moving averages with negative MACD). A low P/E offers some valuation support but does not outweigh the financial and trend risks.
Positive Factors
Diversified revenue model (advertising + gaming)
Azerion runs both an ad-tech/advertising business and a gaming/content distribution arm. This structural diversification provides multiple monetization levers and audience touchpoints, reducing dependence on any single cyclical ad market and supporting longer-term resilience and cross-sell.
Negative Factors
High leverage and thin equity cushion
A materially reduced equity buffer combined with elevated debt raises refinancing, covenant and solvency risks. Over the medium term this limits strategic flexibility, amplifies sensitivity to further operating losses or write-downs, and increases cost of capital for investments or acquisitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue model (advertising + gaming)
Azerion runs both an ad-tech/advertising business and a gaming/content distribution arm. This structural diversification provides multiple monetization levers and audience touchpoints, reducing dependence on any single cyclical ad market and supporting longer-term resilience and cross-sell.
Read all positive factors
Azerion Group N.V (AZRN) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€84.92M
Dividend YieldN/A
Average Volume (3M)20.95K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-0.63%
EPS Growth74.14%
CountryNL
Employees1,000
SectorServices
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.17
Shares Outstanding122,870,790
10 Day Avg. Volume12,673
30 Day Avg. Volume20,950
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. is a leading digital entertainment and media company that operates within the interactive gaming and advertising sectors. The company provides a wide array of services including online gaming platforms, ad tech solutions, and co...
How the Company Makes Money
Azerion primarily generates revenue through (1) digital advertising monetization and (2) digital entertainment content monetization. In advertising, it earns money by selling ad inventory and running campaigns for advertisers across its owned and ...
Azerion Group N.V Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
36
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 540.60M | 551.20M | 515.00M | 452.60M | 308.10M |
| Gross Profit | 146.00M | 173.80M | 182.70M | 166.30M | 120.90M |
| EBITDA | 50.80M | 17.80M | 118.20M | -79.50M | 33.40M |
| Net Income | -34.60M | -57.90M | 23.70M | -134.30M | -19.60M |
Balance Sheet | |||||
| Total Assets | 581.90M | 679.10M | 652.00M | 638.50M | 382.48M |
| Cash, Cash Equivalents and Short-Term Investments | 58.00M | 90.60M | 40.30M | 50.90M | 1.45M |
| Total Debt | 230.40M | 293.60M | 184.60M | 228.60M | 224.80M |
| Total Liabilities | 558.30M | 621.90M | 542.40M | 542.30M | 404.69M |
| Stockholders Equity | 14.70M | 50.40M | 104.30M | 93.80M | -22.20M |
Cash Flow | |||||
| Free Cash Flow | -9.80M | -13.00M | 25.10M | 23.20M | 5.90M |
| Operating Cash Flow | 11.50M | 7.80M | 49.90M | 44.90M | 24.00M |
| Investing Cash Flow | 13.70M | -36.80M | -5.30M | -75.80M | -83.10M |
| Financing Cash Flow | -56.80M | 80.10M | -55.40M | 47.40M | 84.00M |
Azerion Group N.V Technical Analysis
Negative
1.26
Price Trends
0.93
Negative
1.04
Negative
1.16
Negative
Market Momentum
-0.07
Positive
24.48
Positive
31.43
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 0.80, above the 50-day MA of 0.93, and above the 200-day MA of 1.16, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 24.48 is Positive, neither overbought nor oversold. The STOCH value of 31.43 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
0.69
-0.69
-50.00%
NL:MORE
Morefield Group N.V.
0.79
0.29
57.00%
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
23.15
4.43
23.66%
NL:PPLAB
PPLA Participations Ltd Class B
―
―
―
NL:LVIDE
Lavide Holding N.V.
0.47
0.05
11.64%
NL:AMUND
Almunda Professionals N.V.
0.99
-0.15
-13.16%
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.