Italiaonline, first half of 2026 sees strong growth: revenues at 150 million euros (+7%), ebitda at 25 million (+24%), operating cash flow nearly tripled

Italiaonline S.p.A., Italy’s leading digital company in media, technology, and digital services for the B2B and B2C markets, announces its results for the first half of 2026, which confirm the success of the industrial transformation process launched in recent years and consolidate its leading position in the digital market.

FINANCIAL RESULTS FOR THE FIRST HALF OF 2026: GROWTH IN REVENUES, MARGINS, AND CASH FLOW

In the first half of 2026, the Group recorded growth across all key economic and financial indicators.

• Consolidated revenue: reached 150 million euros, up 7% from 140 million euros in the first half of 2025. Growth was widespread across the various revenue streams, including: the Media & Tech business line reached 51.3 million euros (+31%), driven by Platform Services (29 million euros, +65%) and Digital VAS value-added services (6 million euros, +20%); the Web & Communications Solutions business segment, dedicated to custom services for Italian SMEs, reached 8 million euros (+6,5%).
• EBITDA: rose to 25 million euros, up 24% from 20 million euros in the first half of 2025. The EBITDA margin stood at 17%, up by more than 2 percentage points, confirming the Group’s operating leverage.
• Operating Free Cash Flow (OpFCF): accelerated to 20 million euros (+186%) compared to 7 million euros in the first half of 2025, with an EBITDA-to-cash conversion rate of 80%.
• Net financial position: net debt has dropped to €14.6 million, or 0.3x LTM (Last Twelve Months) EBITDA, compared with €51.7 million as at 30 June 2025, confirming a solid financial profile and considerable strategic flexibility.

FROM LEGACY PLAYER TO AI DIGITAL CHAMPION

The results for the first half of 2026 are the result of the transformation of the company’s offerings, technologies, and organization carried out in recent years, which rests on three pillars:

1. Media & Tech: Italiaonline is the Italian leading email service provider, with over 10 million active email accounts, and the top pure-play digital media player in Italy in terms of monthly unique users, totaling approximately 29 million—equivalent to 66% of the national digital reach*. The combination of first-party data and proprietary adv technologies—starting with the new programmatic advertising platform EasyBid— positions the company in a unique and distinctive way in the post-cookie and AI search era.
2. SME Digital One-Stop-Shop: an end-to-end offering for over 100,000 business customers, enhanced by the pervasive integration of generative and agentic AI, from web development to AI-driven marketing, up to the MARiO AI voice assistant.
3. Digital Factory: The cross-functional integration of AI into internal delivery, IT, and customer care processes has reduced the cost per service unit, improved delivery times, and increased operational productivity. This is evidenced by the more than 40,000 websites and 190,000 social media posts managed.

Roberto Giacchi, CEO of Italiaonline S.p.A., commented: “The figures for the first half of 2026, which show growth across all key economic and financial indicators, make us particularly proud of the path we have followed as a Group over recent years. The business strategy we have implemented has transformed Italiaonline into an AI digital company, with a significant international presence in Ad Tech that is now one of the main drivers of our growth in this first half of the year. These results stem from a diversified revenue base across multiple customer segments and product lines, an omnichannel sales organisation, a proprietary technology platform, and a high-calibre management team united in purpose. All of this enables us to look to the future with great confidence”.