TomTom (AMS:TOM2) Third Quarter 2024 Results

Key Financial Results

• Revenue: €140.7m (down 2.4% from 3Q 2023).

• Net loss: €4.38m (loss narrowed by 45% from 3Q 2023).

• €0.04 loss per share (improved from €0.06 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TomTom EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 3.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of TomTom's balance sheet and an in-depth analysis of the company's financial position.

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