Significant Revenue Growth
For the second quarter of 2025, Tigo reported a 27.7% sequential increase and an 89.4% year-over-year increase in revenue, reaching $24.1 million.
Positive Adjusted EBITDA
Tigo achieved $1.1 million in positive adjusted EBITDA for the second quarter of 2025, compared to a loss of $6.4 million in the prior year.
Market Share Gains in EMEA
The EMEA region accounted for 75.9% of total revenues, with notable contributions from Germany, the Czech Republic, and Poland.
Improved Gross Profit and Margins
Gross profit for the second quarter of 2025 was $10.8 million or 44.7% of revenue, compared to $3.9 million or 30.4% in the prior year period.
Strong Cash Position
Cash, cash equivalents, and marketable securities increased by $7.7 million, totaling $28 million as of June 30, 2025.
Increased Financial Guidance
Tigo raised its 2025 financial outlook, expecting full-year revenue between $100 million and $105 million.