Informa TechTarget reported its financial results for the first quarter of 2025, with reported revenues surging to $103.9 million, a 77% increase year-over-year, primarily driven by the December 2024 acquisition of Former TechTarget. However, on a combined company basis, revenues experienced a 6% year-over-year decline, reflecting ongoing macroeconomic headwinds and initial integration disruptions.
Profitability was significantly impacted by a non-cash goodwill impairment charge of $459.1 million recognized in Q1 2025, affecting several reporting units including Canalys, Industry Dive, Bluefin Legacy, and legacy TechTarget. This charge, coupled with increased operating expenses, led to a net loss of $523.39 million for the quarter.
Despite the net loss, adjusted EBITDA for Q1 2025 was $3 million. The company's liquidity position remained stable, with $78.7 million in cash and cash equivalents. Informa TechTarget also repaid approximately $417 million in convertible debt on January 24, 2025, utilizing existing cash and a $135 million draw from its revolving Credit Facility.
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