Sabio Holdings Inc.
SABOF · OTC
Company research
Sabio Holdings Inc. (TSXV: SBIO, OTCQB: SABOF) is a technology and services leader in the fast-growing ad-supported streaming space, specializing in Connected TV (CTV) and over-the-top (OTT) advertising solutions for top blue-chip global brands and agencies. Founded by Aziz Rahimtoola and Joe Camacho and headquartered in Playa Del Rey, California, the company offers a cloud-based, end-to-end technology stack designed to help clients reach, engage, and validate streaming audiences across platforms such as Roku, Amazon Fire, Samsung TV, and Apple TV+. Sabio's portfolio includes a proprietary ad-serving demand-side platform (DSP), App Science™ — a non-cookie-based SaaS analytics and insights platform with AI natural language capabilities — and Creator Television®, the first creator-led streaming network and content studio dedicated to bringing social-media-style storytelling to TV. The company generates revenue primarily by delivering and measuring the performance of highly targeted advertisements on CTV and mobile streaming devices, with CTV/OTT contributing approximately 77% of total revenue, and has demonstrated strong growth through expanding programmatic and international channels.
Research reports
The report profiles Sabio Holdings as a niche U.S.-based CTV/OTT ad-tech platform leveraging a proprietary App Science measurement stack and an 80M-household graph, noting a 39% revenue CAGR since 2020, a political down-year in 2025, and projecting roughly 52% revenue growth plus a return to positive adjusted EBITDA in 2026 as election-driven spending, international sales and programmatic revenue scale. It argues the shares trade at an attractive 2.9× 2026E EBITDA versus peers and assigns a BUY rating with a C$1.00 target, emphasizing exposure to fast-growing streaming TV advertising while acknowledging prior unprofitability and cyclical dependence on U.S. election cycles as key risk factors.
Cantech Letter (Beacon Securities) · November 30, 2025Sabio Holdings is still a buy, this analyst saysThis article summarizes Beacon Securities analyst Gabriel Leung’s November 25, 2025 update maintaining a Buy rating and C$0.80 target on Sabio despite weaker-than-expected Q3 revenue of US$8.2 million and negative EBITDA of US$2.2 million, explaining that the shift to net reporting of programmatic transactions and tough political comparables inflated apparent declines while underlying CTV revenue (excluding political/advocacy) grew modestly. It highlights growth in programmatic (US$1.9 million, 20% of gross revenue) and international revenue (up 240% year-over-year and 19% of gross revenue), solid free cash flow and pipeline expansion, and forecasts a strong rebound from Q4 2025 into 2026 driven by seasonal uplift, U.S. midterm election spending and a 10× CY26e EV/EBITDA valuation framework, while noting leverage and macro ad-budget sensitivity as key risks.