Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp30.00, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 21x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 40% over the past three years. Tillkännagivande • May 22
PT Arkadia Digital Media Tbk, Annual General Meeting, Jun 12, 2026 PT Arkadia Digital Media Tbk, Annual General Meeting, Jun 12, 2026. Location: hotel kimaya slipi jakarta by harris jl., letjen s. parman no. 59 slipi, palmerah kota adm., jakarta barat dki., jakarta Indonesia Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp37.00, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 22x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 26% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings released: Rp1.90 loss per share (vs Rp2.45 loss in 1Q 2025) First quarter 2026 results: Rp1.90 loss per share (improved from Rp2.45 loss in 1Q 2025). Revenue: Rp7.79b (up 39% from 1Q 2025). Net loss: Rp3.09b (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Rp40.00, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 20x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 20% over the past three years. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: Rp1.08 (vs Rp0.75 in FY 2024) Full year 2025 results: EPS: Rp1.08 (up from Rp0.75 in FY 2024). Revenue: Rp45.4b (down 25% from FY 2024). Net income: Rp1.76b (up 45% from FY 2024). Profit margin: 3.9% (up from 2.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Rp28.00, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 20x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 44% over the past three years. New Risk • Mar 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Negative equity (-Rp8.7b). Market cap is less than US$10m (Rp52.0b market cap, or US$3.07m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (Rp53b revenue, or US$3.1m). Tillkännagivande • Jun 20
PT Arkadia Digital Media Tbk, Annual General Meeting, Jun 20, 2025 PT Arkadia Digital Media Tbk, Annual General Meeting, Jun 20, 2025. Location: aryaduta hotel menteng, jl. prajurit kko usman dan harun no. 44-48, gambir kota adm. jakarta pusat dki., jakarta Indonesia Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: Rp0.21 (vs Rp1.85 loss in 3Q 2023) Third quarter 2024 results: EPS: Rp0.21 (up from Rp1.85 loss in 3Q 2023). Revenue: Rp12.8b (down 17% from 3Q 2023). Net income: Rp346.7m (up Rp3.35b from 3Q 2023). Profit margin: 2.7% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Recent Insider Transactions • Oct 15
Commissioner recently bought Rp227m worth of stock On the 9th of October, Iwa Karunia bought around 18m shares on-market at roughly Rp13.00 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Rp362m. Insiders have collectively bought Rp697m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 27
Second quarter 2024 earnings released: Rp0.66 loss per share (vs Rp0.29 loss in 2Q 2023) Second quarter 2024 results: Rp0.66 loss per share (further deteriorated from Rp0.29 loss in 2Q 2023). Revenue: Rp11.2b (down 16% from 2Q 2023). Net loss: Rp1.07b (loss widened 128% from 2Q 2023). New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-Rp9.5b). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (Rp22.8b market cap, or US$1.39m). Minor Risk Revenue is less than US$5m (Rp57b revenue, or US$3.5m). Tillkännagivande • Jun 28
PT Arkadia Digital Media Tbk, Annual General Meeting, Jun 27, 2024 PT Arkadia Digital Media Tbk, Annual General Meeting, Jun 27, 2024. Location: aryaduta hotel menteng, jl. prajurit kko usman dan, harun no. 44-48, gambir kota adm. jakarta, pusat dki., jakarta Indonesia Buy Or Sell Opportunity • Apr 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to Rp13.00. The fair value is estimated to be Rp16.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Mar 21
Full year 2023 earnings released: Rp2.53 loss per share (vs Rp11.45 loss in FY 2022) Full year 2023 results: Rp2.53 loss per share (improved from Rp11.45 loss in FY 2022). Revenue: Rp57.9b (up 39% from FY 2022). Net loss: Rp4.11b (loss narrowed 78% from FY 2022). Recent Insider Transactions • Jan 13
Commissioner recently bought Rp15m worth of stock On the 5th of January, Iwa Karunia bought around 2m shares on-market at roughly Rp8.01 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 06
Third quarter 2023 earnings released: Rp1.84 loss per share (vs Rp2.93 loss in 3Q 2022) Third quarter 2023 results: Rp1.84 loss per share (improved from Rp2.93 loss in 3Q 2022). Revenue: Rp15.3b (up 69% from 3Q 2022). Net loss: Rp3.00b (loss narrowed 37% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 17
Second quarter 2023 earnings released: Rp0.29 loss per share (vs Rp3.56 loss in 2Q 2022) Second quarter 2023 results: Rp0.29 loss per share (improved from Rp3.56 loss in 2Q 2022). Revenue: Rp13.3b (up 22% from 2Q 2022). Net loss: Rp469.7m (loss narrowed 92% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 03
Third quarter 2022 earnings released: Rp2.94 loss per share (vs Rp1.77 loss in 3Q 2021) Third quarter 2022 results: Rp2.94 loss per share (further deteriorated from Rp1.77 loss in 3Q 2021). Revenue: Rp9.08b (down 17% from 3Q 2021). Net loss: Rp4.76b (loss widened 66% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Dec 15
New 90-day low: Rp330 The company is down 15% from its price of Rp390 on 16 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 6.0% over the same period. Tillkännagivande • Nov 12
Dable Partners with Arkadia Digital Media to Provide Personalized Content Recommendation Dable announced a partnership with PT Arkadia Digital Media Tbk.(Arkadia Digital Media). With this partnership, Dable will provide its personalized content recommendation solution Dable News on news portals operated by Arkadia Digital Media. It manages various portals namely Suara.com, Matamata.com(celebrity and entertainment), Bolatimes.com(soccer and sports) and Hitekno.com(technology and gadget), Dewiku.com(female lifestyle), Mobimoto.com(automotive and motorsports), Guideku.com(travelling and F&B), and Himedik.com(health and medical). Dable offers publishers opportunities to create additional revenue. Dable captures the visitor's interest through 'Dable News,' and then exposes 'Dable Native Ad' that brings up ads with the similar UI as of the articles in the recommended widget. Unlike other native ads that bombard visitors with ads, Dable Native Ad obtains high performance by showing ads based on the visitor's interests. If a visitor is reading travel articles, he will be shown airline ticket ads. Publishers can also analyze data through Dable's dashboard, provided to any partnered media. Publishers can check website logs and various statistics which helps improve their competitiveness. Dable's dashboard not only provides the CTR center that indicates the traffic, page views, and number of visitors, but also various article statistics such as Popular Content Ranking, Popular Content by Visitors' and Perused Content. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of Rp7.61b, with losses widening by 415% from the prior year. Total revenue was Rp36.9b over the last 12 months, up 18% from the prior year. 