Bending Spoons (BSP) investor relations material

Executive summary

• Revenue reached $704 million in Q2 2026, a 126% increase year-over-year, driven by acquisitions including Tractive, AOL, Eventbrite, Harvest, MileIQ, and Vimeo.

• Operating income rose 139% to $240 million, with adjusted operating income up 150% to $381 million and a margin of 54%.

• Diluted EPS increased 163% to $0.28; adjusted EPS up 167% to $0.46; net income rose 171% to $177 million.

• Completed the acquisition of Tractive for $759 million and announced an agreement to acquire Airtable for $1.29 billion.

• Completed an IPO on Nasdaq, raising $1.10 billion in net proceeds.

Financial highlights

• Gross profit increased 127% to $464 million; Q2 revenue: $704 million (+126% YoY); organic revenue growth: 3%.

• Q2 operating income: $240 million (+139% YoY); adjusted operating income: $381 million (+150% YoY).

• Operating margin: 34%; adjusted operating margin: 54%, both expanding YoY.

• Net cash from operating activities (H1 2026): $254 million; capital expenditures: $4 million.

• Ended Q2 with $4.88 billion in long-term debt, $793 million in cash, and net debt of $4.09 billion; leverage ratio at 2.4x.

Outlook and guidance

• Q3 2026 revenue expected between $733 million and $745 million; adjusted operating income between $380 million and $400 million.

• Full-year 2026 revenue guidance: $2.78 billion–$2.82 billion; adjusted operating income: $1.46 billion–$1.51 billion.

• Guidance excludes any contribution from the pending Airtable acquisition.