TomTom Reports Higher Operating Profit in Q1 2026 Despite Lower Revenue
TomTom reported higher-than-expected operating profit of 13.8 million euros for Q1 2026, driven by a reorganization that reduced operating expenses and improved margins. Revenue fell to 129.2 million euros, in line with estimates, as the company transitions between old and new contracts. Shares rose 2.8% following the results.
Topics: AI adoption earnings before interest and taxes (EBIT) job cuts operating profit reorganization revenue decline