Canada's Adcore Q2 revenue rises on regional rebound

Overview

• Canada AI marketing tech firm's Q2 revenue rose 10% yr/yr

• Gross profit climbed 19% and gross margin expanded to 51% from 47%

• Company launched efficiency plan targeting 15%-20% cut in operating expenses

Outlook

• Adcore expects cash position and working capital to recover in the second half

• Company is launching a global efficiency plan targeting 15%-20% lower operating expenses

• Adcore plans to launch its sixth AI agent in Q3 as part of growth strategy

Result Drivers

• REGIONAL REBOUND - North America revenue rebounded 27% after softness in 2025, EMEA grew 12%, and APAC continued to perform, per CEO Omri Brill

• AI AGENT LAUNCHES - Co shipped five autonomous AI agents in Q2, covering lead-to-revenue cycle and creative production, with strong traction from early users, per CEO Omri Brill

• SEASONAL CASH DECLINE - Sequential decline in cash and working capital attributed to seasonal managed-media campaign payments, expected to recover in second half, per CEO Omri Brill

Company press release: ID:nACS5xwGma

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)