Operator
Good morning. Good night, everybody. Welcome to Catena Media’s Q3 Interim Report. I’m Manuel Stan, and immediately, I am joined by our Chief Monetary Officer, Mike Gerrow. At the moment, we will probably be chatting with our Q3 interim report, associated financials and our technique and outlook going ahead.
We’ll begin immediately’s presentation with a high-level abstract of a very powerful developments within the quarter. I’m happy to see a strong quarter with development in each income and earnings. Q3 amounted to EUR 11.6 million. This represents an enchancment of 9% versus Q3 2024 and 22% versus Q2 2025. Adjusted for the weaker U.S. greenback, our major invoicing foreign money, income elevated by 15% from Q3 2024. The adjusted EBITDA improved to EUR 2.9 million, greater than double from the earlier quarter in addition to Q3 2024. The adjusted EBITDA margin improved to 25%, a big enchancment from 14% within the earlier quarter and 13% in Q3 2024.
Through the quarter, we continued to give attention to operational effectivity and diversification. From a income diversification perspective, Q3 represented one other step in the correct route as our efficiency advertising verticals, CRM, sub-affiliation and paid media, all proceed to extend their share of group income. The total monetary impact of our price optimization program is now seen in our financials with notably decrease personnel and different working bills. The total price base was down 6.9% year-on-year regardless of the upper direct prices coming primarily from sub-affiliation development. [indiscernible] resulted in improved effectivity throughout all areas of the enterprise. Whereas the expansion of those channels comes at a decrease margin, we’re happy to see the group’s total decreased reliance on the search channels.