Bilendi Reports 36.5% Increase in Q1 2025 Revenue

In the first quarter of 2025, Bilendi reported consolidated revenues of €19.7 million, marking a significant 36.5% increase compared to the previous year. This rise is attributed to the inclusion of Netquest, a recent acquisition. Adjusting for exchange rates, growth was slightly less at 35.8%.

International sales, which constitute 83% of Bilendi's total revenue, saw a substantial increase of 49.3%. This growth was driven largely by Netquest's market position in Iberia and Latin America. Conversely, domestic sales in France dropped by 3.9%, ending a streak of positive quarters.

In Q1 2025, Bilendi expanded its panel offerings internationally and launched the Bilendi Platform, a technological advancement for market research. By January, the company also integrated AI features into their Bilendi Discuss platform, automating aspects of market research processes.

Bilendi reaffirmed its revenue target of €100 million by 2026, aiming for an EBITDA margin of 20-25%.