Operating profit surged by 2.5 times year-on-year, with EBITDA reaching record highs, highlighting consistent revenue growth and profit

TOKYO, Nov. 14, 2024 /PRNewswire/ --

Highlights and achievements of Q3 FY24

• Strong growth in key regions led to an all-time high revenue of JPY 9.1 billion with a 28% YoY growth

• Profitability reached historical highs, as operating profit increased 2.5 times with an operating margin of 8.7% to a record high

• EBITDA improved 79% YoY with an EBITDA margin of 16.9%, and net income expanded 2.7 times with a net margin of 9%

• Initiated first forecasted cash dividend payout of JPY 2 per share, underscoring Appier's commitment to sustaining profitable growth with enhanced corporate value

Record-high revenue and margins, with the first forecasted dividend, signal robust performance and sustainable growth

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its earnings results for the third quarter of fiscal year 2024. Appier achieved record revenue, profitability and operating margins, reaching an all-time quarterly revenue high of JPY 9.1 billion with a robust 28% YoY growth. Operating profit surged 2.5 times, reaching JPY 788 million with an operating margin of 8.7%. Additionally, EBITDA improved by 79% YoY, resulting in a margin of 16.9%.

Net income also significantly increased, expanding 2.7 times to JPY 814 million with a net margin of 9%. Gross profit achieved a quarterly record of JPY 4.9 billion, a 31% YoY increase, with gross margins reaching a historic high of 53.8%. This historic profit expansion has been driven by advancements in AI algorithms and technology enhancements, strong outperformance in NEA and US & EMEA regions, and improved R&D efficiency and sales and marketing productivity, supported by a focused go-to-market strategy and AI insights for larger enterprises.

In a demonstration of confidence in sustained, long-term growth, Appier has initiated its first forecasted cash dividend payout of JPY 2 per share, following the company's first share buyback announced in FY24 Q2 earnings report. This move underscores Appier's commitment to delivering ongoing value to shareholders and highlights the company's dedication to sustaining profitable growth while achieving a well-balanced approach between investments for growth and shareholder returns.

Continued growth fueled by increasing demand across high-growth sectors and regions

Momentum in Q3 was driven by robust growth in Appier's key focus regions, particularly NEA and US & EMEA. NEA's (67%) growth accelerated to 37% YoY this quarter due to solid expansion from existing E-commerce customers and new clients across diverse verticals. Meanwhile, US & EMEA (20%) maintained a robust 20% QoQ growth, driven by rising demand for Digital Content and Other Internet Services.