Azerion Group N.V.
Azerion Group N.V. is a public limited company (naamloze vennootschap) registered with the Netherlands Chamber of Commerce (KvK) under number 81697244. The company was incorporated on 25 January 2021 and is recorded with active registry status. Its registered address is Boeingavenue 30, 1119 PE Schiphol-Rijk, Netherlands.
Azerion Group N.V. is the listed holding entity of the Azerion group, a digital media, advertising-technology and online gaming and entertainment business. Through its proprietary technology platform, the group connects advertisers with audiences across owned-and-operated digital content and a network of publishing partners, combining programmatic advertising monetisation with browser-based and mobile gaming properties.
Azerion Group N.V. shares (and warrants) have traded on Euronext Amsterdam under ticker code AZRN (warrants: AZRNW) since 2 February 2022, following completion on 1 February 2022 of the business combination between Azerion Holding B.V. and the Euronext Amsterdam-listed special purpose acquisition company European FinTech IPO Company 1 B.V. (EFIC1). The transaction brought the Azerion business to a public listing without a traditional initial public offering.
According to its 2025 Annual Report, filed with the Dutch Authority for the Financial Markets (AFM) and published on 17 April 2026, Azerion Group N.V. reported consolidated revenue of EUR 540.6 million and adjusted EBITDA of EUR 67.1 million for continuing operations in the financial year ended 31 December 2025. The operating loss of continuing operations narrowed to EUR 4.4 million in FY2025, from EUR 27.7 million in FY2024, while group operating profit including discontinued operations was EUR 16.3 million, compared with a loss of EUR 23.8 million in FY2024.
In March 2023, the AFM opened an investigation concerning compliance with the Market Abuse Regulation relating to disclosures around Principion Holding B.V., a major Azerion shareholder connected to co-founders Atilla Aytekin and Umut Akpinar; Aytekin stepped aside from his co-CEO duties at that time. In August 2025, Azerion Group N.V. announced that Aytekin had transitioned from his Management Board role to an advisory position supporting the Executive Committee and strategy team, with Akpinar continuing as Chief Executive Officer.
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Shareholders
Shareholders of Azerion Group N.V.
As an Euronext Amsterdam-listed company, Azerion Group N.V. is subject to the Dutch Financial Supervision Act (Wft) substantial-holding disclosure regime, under which shareholders must notify the Netherlands Authority for the Financial Markets (AFM) when their capital or voting interest crosses set thresholds (from 3% upward). Compiled shareholder-notification data most recently referenced (mid-2025 to early 2026 snapshots) identifies Principion Holding B.V. as the largest disclosed shareholder, holding a stake reported in a range of roughly 13% to 22% of shares outstanding at different notification dates. Co-founders Atilla Aytekin and Umut Akpinar are each separately disclosed as holding an equal direct stake, most recently reported at approximately 15% each; Principion Holding B.V. is itself linked to the two co-founders. Other disclosed holders include H.T.P. Investments B.V. and Willem Paulus de Pundert, each reported above the 5% notification threshold. Because reported percentages vary between notification dates, exact current holdings should be confirmed against the AFM’s live substantial-holdings register before use in a compliance decision.
Ultimate beneficial ownership
No verified ultimate-beneficial-owner percentage can be presented. The Dutch UBO register, which records natural-person beneficial owners of Dutch legal entities, restricts public access to underlying ownership details following the 2022 Court of Justice of the EU ruling limiting public UBO access; full details are available only to competent authorities and obliged entities with a registered legitimate interest.
Data availability
Shareholder disclosure for Azerion Group N.V. is classified as major shareholders only: the Wft regime discloses holders that cross statutory thresholds rather than a complete shareholder register, and reported percentages differ by notification date. UBO information is classified as restricted.
Sources
AFM substantial holdings and gross short positions register (afm.nl/en/sector/registers) – accessed 2026-09-18.
MarketScreener, Azerion Group N.V. shareholder structure compilation – accessed 2026-09-18.
Officers
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Directors and officers of Azerion Group N.V.
Azerion Group N.V. operates a two-tier Dutch board structure comprising a Management Board (bestuur) and a Supervisory Board (raad van commissarissen). According to Azerion’s own investor-governance page, the current Management Board consists of Umut Akpinar, Chief Executive Officer, with Sebastiaan Moesman (Chief Strategy Officer and acting Chief Financial Officer) named as a nominee to the Management Board. The Supervisory Board comprises Wim de Pundert (Chair, non-independent member), Zafer Karatas (independent member, chair of the Appointment and Remuneration Committee), Benjamin van de Vrie (independent member) and Katrin Brokelmann (independent member). The wider Executive Committee includes Mickael Ferreira (Chief Business Officer), Gonenc Secil Tarakcioglu (Chief People Officer) and Jurriaan van Teunenbroek (Chief Publishing Officer).
A separate commercial-register officer extract (data date 2026-09-18) lists ten active functionaries, including co-founders Umut Akpinar and Atilla Aytekin both recorded with a Co-founder and CEO style title and Aytekin additionally recorded as a Management Board member; this registry extract has not yet been updated to reflect the August 2025 governance change described below, so it should be treated as potentially outdated relative to the company’s own current governance disclosure.
Recent officer changes
1 August 2025 – Azerion Group N.V. announced that co-founder Atilla Aytekin transitioned from his Management Board role to an advisory position supporting the Executive Committee and strategy team (source: Azerion Group N.V. official announcement, GlobeNewswire).
March 2023 – Atilla Aytekin stepped aside from co-CEO duties following the AFM’s opening of an investigation into compliance with the Market Abuse Regulation relating to disclosures around shareholder Principion Holding B.V.; Umut Akpinar continued as Chief Executive Officer (source: Azerion Group N.V. official announcement, GlobeNewswire, 13 March 2023).
Data availability
Current Management Board and Supervisory Board composition is classified as full, sourced directly from Azerion Group N.V.’s official governance page. Nationality and country-of-residence details are not disclosed in either the company’s governance page or the reviewed registry extract; these fields are reported as not disclosed rather than inferred from names or addresses.
Sources
Azerion Group N.V., Investors – Governance page (azerion.com) – accessed 2026-09-18.
Azerion Group N.V., Azerion Announces New Role for Co-Founder Atilla Aytekin, GlobeNewswire, 1 August 2025.
AFM has initiated an investigation into irregularities in trading of Azerion shares, GlobeNewswire, 13 March 2023.
Registry feed — rows exactly as filed with Netherlands Chamber of Commerce (KvK), including entries the profile above does not cover.
Group Structure
Group structure of Azerion Group N.V.
Azerion Group N.V. is the ultimate parent company of a multinational corporate group and is not itself a subsidiary of another entity in the reviewed corporate-linkage data. As of the data date 2026-09-18, the structure includes roughly thirty identified direct and indirect subsidiaries and sub-subsidiaries spanning around twenty jurisdictions, including the Netherlands, France, Finland, Spain, Norway, Portugal, Austria, Sweden, Hungary, Denmark, Belgium, Luxembourg, the United Kingdom, Germany, Italy, Turkey, the United States, Mexico, Peru, China, Australia and Hong Kong, reflecting the group’s international digital-advertising and gaming operations. Each linked entity in the underlying data is identified with a name, country and national registration number. Ownership and voting percentages for individual intra-group holdings are not disclosed in the reviewed data.
Key verified direct and indirect subsidiaries include Azerion Nederland B.V., Azerion Technology B.V. and Azerion Tech Holding B.V. (Netherlands); Sulake Oy (Finland, operator of the Habbo platform); AZERION UK LIMITED (United Kingdom); Azerion Austria GmbH (Austria); Azerion Sverige AB (Sweden); and Radionomy Group B.V. and its Belgian and UK sub-entities.
Recent structural changes
No verified recent acquisitions, disposals or reorganisations are confirmed from a primary source within the scope of this review; Azerion has historically grown through acquisitions such as Sulake (Habbo) and Inskin Media, reflected in the current group structure.
Data availability
The corporate-linkage information is classified as full for entity identification (name, country, registration number) but ownership and voting percentages for individual intra-group links are not disclosed, so the structure should be read as a verified relationship map rather than a complete ownership-percentage record.
Sources
Zavia.ai corporate-linkage data, synced 2026-09-18 (sourced from national company registries per listed jurisdiction).
Registry feed — rows exactly as filed with Netherlands Chamber of Commerce (KvK), including entries the profile above does not cover.
Azerion Group N.V.
Netherlands
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Frequently Asked Questions
What does Azerion Group N.V. do?
Dutch digital media, advertising-technology and online gaming/entertainment platform connecting advertisers with audiences via proprietary technology.
Who owns Azerion Group N.V.?
Major disclosed holders include Principion Holding B.V. and co-founders Atilla Aytekin and Umut Akpinar, each reported around the mid-teens percent range in recent Wft substantial-holding notifications.
Who is Azerion Group N.V.'s UBO (Ultimate Beneficial Owner)?
No public UBO percentage available; the Dutch UBO register restricts public access to beneficial-ownership details.
What is Azerion Group N.V.'s company registration number?
Azerion Group N.V.'s registration number is 81697244, filed with Netherlands Chamber of Commerce (KvK) in Netherlands. Its current status on the register is active.
Is Azerion Group N.V. still an active company?
Azerion Group N.V.'s status on Netherlands Chamber of Commerce (KvK) is listed as active.
When was Azerion Group N.V. incorporated?
Azerion Group N.V. was incorporated on 25 January 2021, according to Netherlands Chamber of Commerce (KvK).
What is Azerion Group N.V.'s registered address?
The registered address on file for Azerion Group N.V. is Schiphol-Rijk, Netherlands.
What is Azerion Group N.V.'s revenue?
EUR 540.6 million consolidated revenue for continuing operations in FY2025, per the Annual Report filed with the AFM on 17 April 2026.
Is Azerion Group N.V. listed on a stock exchange?
Listed on Euronext Amsterdam under ticker AZRN since 2 February 2022, after completing its business combination with SPAC EFIC1 on 1 February 2022.
Who are the officers/directors of Azerion Group N.V.?
Management Board: Umut Akpinar (CEO). Supervisory Board chaired by Wim de Pundert. Co-founder Atilla Aytekin moved from the Management Board to an advisory role in August 2025.
Does Azerion Group N.V. have a parent company or subsidiaries?
Ultimate parent of a group with roughly thirty identified direct and indirect subsidiaries across about twenty countries, including France, Finland, Spain, the UK, the US and Germany.
Can Zavia monitor changes to Azerion Group N.V.'s ownership over time?
This profile reflects a point-in-time snapshot from Netherlands Chamber of Commerce (KvK). Zavia's monitoring API can track changes to Azerion Group N.V.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Azerion Group N.V.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Netherlands, so records like Azerion Group N.V.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Netherlands Chamber of Commerce (KvK) and was last synced on 18 September 2026.