Financial release
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Q3 2021-2022 revenue

Steady business momentum over the first 9 months

  • Q3 revenue: €91 million, contracting 5% at constant exchange rates (-14% like-for-like)
  • Solid Q3 performance given the high comparison base for personalized e-commerce activities (+45% in Q3 2020-2021) and continuing iOS-related constraints on marketing
  • Nine-month sales remained steady at actual exchange rates at €371 million (-1%, of which -8% like-for-like)


Maintaining the trend of H1, Claranova’s revenue remained stable over the first nine months of FY 2021-2022 at €371 million, with a marginal decline of 1% as marketing investments were forced to adapt to the transformation of customer acquisition channels after the introduction of Apple’s App Tracking Transparency feature. Difficulties encountered by our partner Facebook since the introduction of this new feature continue to impact growth momentum of some of the activities of the PlanetArt division, the largest contributor to Group revenues. However, internal adjustments to the marketing strategy are starting to produce results even though this gradual improvement remains partly offset by the high comparison base in relation to last year’s Q3 45% growth. On that basis, PlanetArt registered a 12% decline in revenue in Q3 at actual exchange rates and a 5% drop for the first nine months.

As for Avanquest, it is continuing to deliver strong profitable growth momentum, with Q3 revenue up 13% at actual exchange rates, or 19% growth over the first nine months.

Finally, the commercial rollout of our IoT activities is building momentum, with the myDevices platform currently counting 167 corporate subscribers and 45% growth in Q3 revenue at actual exchange rates, fueled by an increase in ARR of 87% at end of March 2022 versus March 2021.

In this challenging environment, we however continue to be confident in the prospects and potential of each of our businesses. On that basis, we expect to see the return to growth announced in conjunction with the publication of H1 results by year-end”, commented Pierre Cesarini, CEO of Claranova.


Claranova reported revenue of €91 million for Q3 2021-2022 (January-March 2022), contracting 5% year-on-year(-14% like-for-like). This trend reflects the continuing effects of tight constraints on marketing investments in PlanetArt’s activities within Apple’s iOS ecosystem, in addition to a tougher comparison base resulting from the division’s 45% growth in last year’s third-quarter. The slower pace of growth by PlanetArtwas partly offset by good momentum from Avanquest and myDevices, that grew respectively 13% and 45% at actual exchange rates. For the first nine months of the period, the Group reported revenue of €371 million, contracting 1% at actual exchange rates.

Press release