• Revenue up 12.1% to $32.2 million
• Underlying EBITDA loss of $2.3 million
• Acquisition of Iris Studio Inc. to expand video production capabilities

Audinate Group Limited, a global leader in digital Audio Visual (AV) networking solutions, has reported its financial results for the first half of fiscal year 2026. The company delivered revenue growth of 12.1% to $32.2 million, driven by continued demand for its Dante platform. However, underlying EBITDA declined to a loss of $2.3 million, compared to a gain of $0.8 million in the prior corresponding period. This was primarily due to increased investment in core capabilities and product innovation to support the company's long-term growth strategy. During the period, Audinate completed the acquisition of Iris Studio Inc., a US-based SaaS remote video production platform, for a total cash consideration of $32.7 million. This acquisition is expected to extend the Dante ecosystem into intelligent camera control and cloud-enabled production workflows. The company also implemented organizational changes to better align its cost base with its strategic Dante platform objectives, including restructuring costs of $0.8 million. These actions are expected to deliver benefits in the second half of the year, supporting a more efficient cost structure and enabling disciplined reinvestment into targeted growth opportunities.Overall, Audinate remains focused on driving long-term growth across audio, video, and control through the ongoing expansion of the Dante platform, while also investing in new capabilities to enhance its product offering and maintain its industry leadership position.

Audinate did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

Audinate did not provide any forward-looking outlook in the announcement.