{"url":"https://newsforagent.com/news/2026-11-14/sabio-holdings-director-carl-farrell-resigns","markdown_url":"https://newsforagent.com/news/2026-11-14/sabio-holdings-director-carl-farrell-resigns.md","title":"Sabio Holdings Director Carl Farrell Resigns","headline":"Sabio Holdings Director Carl Farrell Resigns as Company Cuts Cloud Costs","description":"Carl Farrell resigned as a Sabio Holdings director on November 13, 2026, as the ad-tech company restructures cloud infrastructure for over $5 million in 2027 savings.","section":"Leadership","published_at":"2026-11-14T00:36:07+00:00","modified_at":"2026-11-14T00:36:07+00:00","author":"News Desk","key_takeaways":["Carl Farrell resigned as a director of Sabio Holdings effective November 13, 2026.","CEO Aziz Rahimtoola said the board will continue to assess its composition and governance requirements after Farrell's departure.","Sabio said cloud infrastructure restructuring and other cost cuts are expected to produce annualized savings of over US$5 million in 2027."],"companies":[{"name":"Sabio Holdings","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000bjk/sabio-holdings","website":"https://www.sabioholding.com"}],"source":{"publisher":"TradingView","title":"SABIO HOLDINGS ANNOUNCES DIRECTOR RESIGNATION","url":"https://www.tradingview.com/news/prnewswire:ebc93cce73100:0-sabio-holdings-announces-director-resignation/"},"other_sources":[],"tags":["Leadership","Sabio Holdings"],"body_markdown":"Carl Farrell resigned as a director of [Sabio Holdings](https://akta.pro/company-profiles/0000bjk/sabio-holdings) Inc. effective November 13, 2026, the company said in a release published by [TradingView](https://www.tradingview.com/news/prnewswire:ebc93cce73100:0-sabio-holdings-announces-director-resignation/). The Los Angeles-based ad-tech company said the resignation comes alongside cost reduction initiatives, including a restructuring of its cloud infrastructure, expected to yield annualized savings of over US$5 million in 2027.\n\n## Farrell's Exit and Rahimtoola's Statement\n\nCEO Aziz Rahimtoola thanked Farrell for his contributions during his time as a director. \"The Board will continue to assess its composition and governance requirements following Carl's departure,\" Rahimtoola said. He added that the company appreciates Farrell's guidance and commitment and wishes him continued success.\n\nRahimtoola tied the departure to a push for a leaner organization. \"In line with our focus on building a leaner organization, we have implemented several cost reduction initiatives, including restructuring our cloud infrastructure, which are expected to result in annualized cost reductions of over US$5 million in 2027,\" he said. Sabio Holdings trades under the symbols SBIO and OTCQB: SABOF.\n\n## Sabio's Cloud Costs and 2025 Loss\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Sabio Holdings posted an Adjusted EBITDA loss of $7.1 million for FY2025, compared with a $3.8 million gain in FY2024, driven by lower political and advocacy spend, growth investments and higher cloud infrastructure costs. The same records show FY2025 full-year IFRS revenue of $38.2 million and consolidated gross revenue of $41.3 million, down from $49.6 million in FY2024. The company's headcount range is listed as 51-100.\n\n## Sabio's Quarter of Deals and Earnings\n\nSabio Holdings reported second-quarter revenue of $8.2 million, MarketScreener reported on August 20, 2026. On August 26, 2026, Sabio and Gentoro announced a partnership to deploy agentic AI agents across Sabio's DSP environment, starting with internal campaign management workflows, according to Stock Titan. Sabio Holdings also announced that its Creator TV network would premiere Ford's original series \"La Caravana\" on October 15, Stock Titan reported on October 8, 2026.\n\n## Sabio's Next Premiere Date\n\nThe Creator TV premiere of Ford's \"La Caravana\" was set for October 15, with the series starring the Ventura twins and airing during Hispanic Heritage Month, Stock Titan reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}