Sabio Holdings Inc. (SBIO:TSXV)

  • Sabio is well positioned in the growing Connected TV (CTV) industry with 55M validated households. This provides a major tailwind, supporting its 38% revenue CAGR since 2020.

  • SBIO completed a cost-cutting program in 2023, allowing EBITDA margins to bounce back to historical levels.

  • Sabio has a blue-chip customer base with 90% of its revenue coming from re-occurring clients.

  • Sabio trades at 5.4x/3.6x 2025E/2026E EBITDA, a discount to its peers.

Investment Summary

Company Description

Sabio Holdings is a Los Angeles-based ad-tech company specializing in helping top 100 global brands reach, engage, and validate streaming TV audiences in a highly fragmented media ecosystem. Sabio leverages its complete end-to-end ad-supported streaming tech stack, which features App Science, a non-cookie-based SaaS analytics and insights platform with a proprietary 80M household graph and AI capabilities alongside its ad-serving technology and direct supply.

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