Kore Group Holdings Reports Strong EBITDA Growth, Flat Revenue Amid Strategic Review

Kore Group Holdings reported a 12% increase in adjusted EBITDA, with a 1.7% increase in connectivity revenue growth. Total revenue was flat at $68.7 million, and IoT Solutions revenue decreased slightly. The company launched Core One and a new AI assistant, reducing support tickets by over 50%. Kore Group Holdings secured $11.3 million in new and expansion EARR, indicating strong commercial momentum. The company suspended guidance for the remainder of fiscal year 2025 due to ongoing strategic review processes.