Appier surpasses projections to report further accelerated revenue growth for the second quarter
- Written by The Bulletin
This quarter marks the highest Q2 QoQ growth rate since IPO amidst seasonality, demonstrating stronger business momentum for 2023
TAIPEI, TAIWAN - Media OutReach - 14 August 2023 -Highlights and achievements of Q2 FY23
- Revenue increased by 42% YoY to reach a historically high quarterly revenue of JPY 6.2 billion
- Highest QoQ revenue growth rate (11.1%) for the second quarter since its IPO in 2021, driven by stronger market expansion and deeper vertical penetration
- Gross profit reached a historical high of JPY 3.2 billion with a 45% YoY growth rate, while gross margin improved to 51.3%
- Operating income and net income surpass projections to turn positive with an operating margin of 1.3% and net profit achieved 1.9%
- EBITDA increased by 158% YoY with an 8.9% margin
