Revenue Growth
Revenue grew 37% year over year, reaching $5 million, driven by contributions from KOI and Movistar Riders and successful events in Madrid.
Reduced Operating Costs
Operating costs were reduced by 8% compared to the previous year, mainly due to integration efficiencies and disciplined cost management.
Successful Live Events
The company hosted two sold-out events in Madrid, generating significant fan engagement and profitability at the EBITDA line.
Launch of Fénix Club
The Fénix Club, a subscription-based platform, exceeded sales targets, demonstrating effective direct-to-consumer strategy and high-margin revenue potential.
Commercial Expansion
Renewed partnership with Monster Energy and expanded into new markets like Latin America and China, increasing global reach and sponsorship opportunities.
Improved Comprehensive Loss
Comprehensive loss improved by 55%, from $4.5 million to $2 million, driven by higher revenues and a foreign currency translation gain.