TOURNNasdaq StockholmInternet Content & InformationIFRS · SEK

Tourn International

Tourn International AB (publ) is a Stockholm-based group built around technology-enabled influencer marketing and digital media businesses. The company develops and operates platforms, agency services, and related digital concepts that help brands, creators, and online channels manage collaboration, monetization, and rights administration.

Revenue56.9m SEK
−17.7 %y/y
Operating profit (EBIT)-12.6m SEK
+46.6 %y/y
EBIT margin-22.2%
+11.9 ppy/y
Net income-8.6m SEK
+65.0 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-50050100150m SEK2022: 141 m SEK2022: EBIT -8.1 m SEK20222023: 101 m SEK2023: EBIT -18 m SEK20232024: 69 m SEK2024: EBIT -24 m SEK20242025: 57 m SEK2025: EBIT -13 m SEK2025TTM 2026: 37 m SEKTTM37
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Influencer marketing platforms45 %

Automated software and tools for managing creator-brand collaborations and campaign workflows.

Agency services30 %

Managed services for brands and creators, including campaign execution and account support.

Creator/channel management15 %

Tools and services for YouTubers and other creators to organize and monetize channels.

TOURN Labs10 %

Internal venture development and product incubation for new digital businesses.

Customers

Tourn sells to brands that want to run influencer campaigns, creators who need help managing their digital businesses, and online media participants that rely on structured collaboration and monetization tools. Its customer base is tied to the creator economy, where buyers value automation, reach, and administrative support around digital partnerships.

Brands and advertisers

Buy campaign management and influencer marketing services to reach audiences efficiently.

Creators and YouTubers

Use channel management, monetization, and administrative tools to run their businesses.

Digital talent networks

Work with TOURN for collaboration, rights handling, and commercial coordination.

TOURN Labs users

Early users of new products developed inside the Labs incubator.

Strategy

TOURN’s strategy is to combine its core influencer-marketing business with new digital products developed through TOURN Labs. The company emphasizes data-driven product development, rapid launch cycles, and building concepts that can become self-financing and later be integrated into the group or sold.

Expand the core influencer-marketing platformMedium term

A scalable platform model can support growth without proportional capital intensity.

Develop TOURN Labs projectsMedium term

New products create optionality and can become future revenue streams.

Monetize and integrate successful conceptsLong term

Successful ventures can strengthen the core business or be sold for value realization.

Geography

The group is headquartered in Stockholm and reports in Swedish kronor, indicating a Swedish operating base. Its business is tied to digital audiences and creator networks, so its commercial footprint can extend beyond Sweden even when core operations remain organized from Stockholm.

Risks

TOURN’s results depend on adoption of its platforms and services in a fast-changing creator economy, where customer preferences and platform algorithms can shift quickly. The group also faces execution risk in developing new Labs concepts, since early-stage products must reach commercial viability before they contribute meaningfully to the business.

Sorted by severity
Creator-economy demand volatilityHigh

Revenue depends on brands and creators continuing to spend on influencer marketing and digital campaigns.

Exposure: Campaign volumes and platform usage

New product execution riskHigh

Labs initiatives must progress from research to launch and reach self-financing status.

Exposure: Development spend and commercialization success

Competitive pressureMedium

The company competes with agencies, social platforms, and internal brand teams for campaign budgets.

Exposure: Pricing and customer retention

Intangible asset impairmentMedium

Capitalized development costs and goodwill may need write-downs if products underperform.

Exposure: Balance sheet carrying values

Accounting

Judgemental items
Capitalized development expenditures

Labs and platform work may be capitalized, affecting EBITDA and asset values.

Impact: Reported assets and amortization expense

Goodwill and intangible amortization

Acquired businesses and developed software can create amortization and impairment risk.

Impact: Profit and balance sheet carrying values

Revenue recognition across service lines

Agency work, platform access, and project-based services may be recognized differently.

Impact: Quarterly revenue timing and comparability

K3 consolidation and acquisition method

Group reporting includes subsidiaries and requires acquisition accounting judgments.

Impact: Consolidated results and equity

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Tourn International (XSTO) – Internet Content & Information | Financial Analysis – Clarifo