Appear ASA: Results for the third quarter of 2025
Oslo, 25 November 2025, Appear ASA (Appear, OSE:APR), a global leader in live production technology, powering Tier 1 sports and events globally, today announces revenues of NOK 183.1 million in the third quarter of 2025, representing a growth of 30% from the same period last year, and an EBITDAC1 of NOK 32.6 million (32.7). The company reiterates the 2025 revenue outlook in the range of NOK 800 million.
“The third quarter of 2025 was another strong period for Appear, showing continued momentum across all regions and further proof of our ability to scale with quality. This quarter’s growth was underpinned by continued traction with Tier 1 customers and progress on long-term strategic projects,” says Thomas Bostrøm Jørgensen, CEO of Appear.
Appear reported an EBIT of NOK 45.2 million (29.1) in the third quarter of 2025, while the earnings per share was NOK 0.78 (0.67). The free cashflow ended at NOK 110.9 million. The company was listed on Euronext Oslo Børs 6 November 2025, and NOK 2.9 million in IPO costs are included in the third quarter figures.
“Appear reached a new milestone with the first day of trading on Euronext Oslo Børs after the closing of the quarter. Following the successful completion of our initial public offering, Appear welcomed more than 5,000 new shareholders following the IPO, including a strong base of institutional investors. The listing marks the beginning of an exciting new chapter, one that gives us the platform to accelerate growth, expand into new markets, and continue redefining what’s possible in live production technology,” Bostrøm Jørgensen continues.
Appear reaffirms the full-year 2025 revenue guidance in the range of NOK 800 million as the outlook is underpinned by continued momentum with Tier 1 customers, first orders of the X5 Platform, and a growing mix of software and services.
“As we enter the final quarter, we do so with focus and confidence. Appear continues to build the technology that powers the world’s biggest live productions, with trust and ambition at the core of everything we do,” the Appear CEO concludes.
EBITDAC and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the third quarter 2025 financial report.
The quarterly report and presentation are enclosed and will be available at Appear investor relations site.
Thomas Bostrøm Jørgensen, CEO, and CFO Per Øyvind Stene will host a webcast presentation at 08:00 CET. The presentation will be held in English and questions can be submitted throughout the event.
The streaming event is available through this link. The presentation is scheduled to conclude at 08:45 CET.
1: Note that EBITDAC is an alternative performance calculated by adding capitalised development expenditure to EBITDA, reflecting operating performance.
For further information, please contact:
IR and media contact - Jo Christian Lund-Steigedal, Corporate Communications AS
+47 415 08 733 | [email protected]
About Appear ASA
Headquartered in Oslo, Norway, Appear designs and delivers high-capacity, sustainable solutions for media processing and live content delivery. The Company’s technology enables the capture, transport, and processing of live video from sports stadiums, concert arenas, and other venues to viewers with ultra-low latency, ensuring superior video quality and reliability. Appear serves broadcasters, production companies, content owners and network operators worldwide who rely on its live production technology to deliver the world’s most demanding live productions.