Fintech PR
Appier delivers record quarterly revenue and profit with all-time high margins, signals long-term confidence with dividend forecast
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.
Incremental revenue contributions remained consistent between existing and new customers, who played a crucial role in sustaining growth through year-end. Existing customers, comprising 55% of incremental revenue, showed strong momentum, particularly in NEA’s e-commerce and Digital Content verticals in US & EMEA. New customers, representing 45% of incremental revenue, benefited from continuous vertical diversification, with notable growth in the Digital Content verticals in NEA and US & EMEA and China outbound activities.
Laying the foundation for sustainable growth and long-term vision through continuous investment in advanced AI capabilities
Appier’s growth has been propelled by relentless enhancements in AI algorithms, enabling highly precise targeting that consistently maximizes returns on investment and elevates customer success. With a strategic focus on larger enterprises, Appier’s customer base grew to 1,815, reflecting a 16% YoY increase while maintaining a historically low churn rate of 0.47%.
“Our advancements in AI and continuous algorithm enhancements are setting the stage for a new era of operational efficiency and transformative impact for our customers,” said Dr. Chih-Han Yu, CEO and Co-Founder of Appier. “With key milestones in AI research, strategic partnerships, and operational excellence, we are building momentum toward a future where AI fuels sustainable growth and innovation across industries. The forecasted cash dividend reflects our long-term vision and confidence in creating lasting value for shareholders, and our vision of enduring success in AI leadership.”
Deepen AI impact via GenAI, copilot mode and cross-product synergies
Appier continues to deepen its unique positioning within the AI stack’s application layer, focusing on a results-driven product development strategy. Through fundamental GenAI and Large Language Model (LLM) research, Appier delivers scalable, contextually relevant solutions across industries by enhancing model accuracy and reliability, reinforcing its commitment to long-term growth and leadership in AI-driven business solutions that provide extra ROI for its customers.
About Appier
Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier’s mission is turning AI into ROI by making software intelligent. Appier has 17 offices across APAC, Europe and US and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more company information, and visit ir.appier.com/en/ for more IR information.
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BEIJING, Nov. 22, 2024 /PRNewswire/ — A report from China Daily
The 2024 World Vocational and Technical Education Development Conference brought together around 1,000 delegates in Tianjin in North China this week from Wednesday to Friday. Discussions at the conference have revolved around topics such as industry-education integration, sustainable development, teacher training and lifelong learning.
Co-hosted by China’s Ministry of Education, the National Commission of the People’s Republic of China for UNESCO and the Tianjin municipal government, the conference aims to advance vocational education as a driver of innovation and sustainable development worldwide.
The event introduces six key initiatives to shape vocational education globally: a comprehensive conference featuring keynote speeches, ministerial roundtables and bilateral talks; a global alliance uniting vocational institutions, industries and educational organizations; the presentation of the world vocational education award; an international skills competition with 42 tracks; an exhibition highlighting achievements in vocational education, intangible cultural heritage and international cooperation; and the launch of World Vocational and Technical Education, a journal produced by Tianjin University of Technology and Education.
In a video address to the conference, Stefania Giannini, assistant director-general for education at UNESCO, highlighted vocational education as a catalyst for transformation. She referenced UNESCO’s recent Recommendation on Education for Peace, Human Rights, and Sustainable Development, which emphasizes vocational education as a driver of change.
Calling for greater investment and innovation in vocational education to meet global challenges, Giannini said skills are the passport to navigating today’s complex world.
Huai Jinpeng, China’s minister of education, said vocational education should align with the trends of the times, uphold the essence of education and preserve its unique characteristics. It should anchor its development goals amid evolving opportunities and challenges, striving for innovative breakthroughs, he added.
Huai outlined a vision for vocational education as “5I” education — Inclusive, Industry-oriented, Innovative, Intelligent, and International — positioned to serve all, integrate with industries, drive innovation, embrace smart technologies and foster global cooperation.
To ensure smooth volunteer services during the conference, the Tianjin Municipal Youth League recruited 1,448 young volunteers from nine universities, including Nankai University. Their duties spanned more than 30 roles, including guest registration, conference coordination, translation, media reception and medical assistance.
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View original content:https://www.prnewswire.co.uk/news-releases/global-focus-on-vocational-education-at-tianjin-conference-302314016.html
Fintech PR
CKGSB Publishes 2024 ESG and Social Innovation Report Showcasing Progress on Driving Responsible Management Education
BEIJING, Nov. 22, 2024 /PRNewswire/ — On November 21, 2024, Cheung Kong Graduate School of Business (CKGSB) released its 2024 ESG and Social Innovation Report at its event “ESG Strategies Conference: Insights for Business Transition” hosted in Shanghai in collaboration with the European Chamber of Commerce in China, witnessed by nearly 100 ESG-minded multinational business executives.
As the second edition of the school’s English-language ESG report, this report outlines CKGSB’s achievements and progress in the past two years in promoting sustainable business practices, fostering social innovation, and offering solutions to humanity’s common challenges as part of its broader mission to lead and drive responsible business education.
It emphasizes the school’s role in reshaping the future of management education through efforts in integrating ESG factors into its research and insights, programs and courses for decision-makers, strategic partnerships and dialogues, as well as institutional practices, which in return allows it to nurture responsible business leaders for society.
“Our approach to management education is rooted in the belief that businesses can and should be a force for good,” stated Li Haitao, Dean and Dean’s Distinguished Chair Professor of Finance of CKGSB. “CKGSB remains steadfast in its mission to developing leaders who are not only successful in their business endeavors, but also mindful of their responsibilities towards society and the environment.” CKGSB Professor of Marketing Zhu Rui, who drives the school’s efforts in teaching business for good, echoed Dean Li in saying, “Our goal is to empower companies, big or small, to seamlessly integrate ESG considerations into their core strategies and operations.”
The 2024 ESG and Social Innovation Report follows the seven principles of and has been submitted to the United Nations’ Principles for Responsible Management Education (PRME), a platform designed to promote responsible management practices for the benefit of society and our planet. It is now available for download on CKGSB’s website.
Looking forward, CKGSB will continue driving progress on responsible management education and contribute to a more sustainable and equitable future.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion. To learn more about CKGSB, please visit: https://english.ckgsb.edu.cn/
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Fintech PR
Inaugural International MICE Summit (IMS) Convenes to Drive Business Events Sector’s Future in Saudi Arabia, Fastest-Growing G20 MICE Market
- Over 1,000 global cross-industry and government leaders expected to attend three-day interactive program in one of the world’s fastest growing Meetings, Conferences, Incentives and Exhibitions (MICE) destinations.
- Saudi MICE market projected to expand exponentially with hallmark events such as World Expo 2030, expected to attract 40.7 million visits to KSA alone.
- Growing demand to be accommodated by the launch of a new airline and airport expansion, 1 million square meters of expected venue space and 854,000 hotel rooms by 2030.
RIYADH, Saudi Arabia, Nov. 22, 2024 /PRNewswire/ — The inaugural International MICE Summit (IMS24) will bring together over 1,000 global leaders from the Meetings, Incentives, Conferences and Exhibitions (MICE) industry between 15-17 December at Mohammed Bin Salman Nonprofit City (MISK) in Riyadh, hosted by the Saudi Conventions & Exhibitions General Authority (SCEGA).
The three-day event promises to be the premier global leadership event for the MICE industry, offering innovation, economic and commercial opportunities for MICE and related tourism and travel sectors under the theme of “Expanding Horizons.” The event’s extensive programme is designed to unite MICE industry leaders, suppliers, associations, Giga-Project leaders, disruptors and international cross-industry and government leaders. Featuring plenary, panel discussions, innovation clusters, collaboration hubs, IMS24 will promise attendees a premier global platform to network, collaborate – and above all – reimagine what it means to convene in today’s global environment.
“In a time marked by profound technological and environmental transformation, the MICE industry has emerged as an essential catalyst of change. By focusing on the future of the industry, IMS24 addresses the needs of a globalized world – reshaping how people, cultures and countries connect to create prosperity” said IMS host and Chairman of SCEGA, His Excellency Fahd Al-Rasheed.
“Saudi Arabia is the perfect environment to host IMS24. As an internal and external agent of change, the Kingdom has embraced its own transformation by shaping the future of the global tourism industry and becoming the fastest growing major MICE destination among G20 countries,” His Excellency added.
MICE events in Saudi Arabia witnessed an increase of close to 15 percent in 2023, with almost 17,000 events attracting over 20 million visitors. IMS24 coincides with the Kingdom’s continued transformation as Saudi Arabia solidifies itself as a major global tourism and events destination. Welcoming almost 110 million visitors in 2023, tourism comprises six percent of Saudi Arabia’s GDP, equating to 255 billion SAR (US$68 billion). The Saudi MICE sector is expected to accelerate growth through the rapid expansion of transportation and event infrastructure, supported by the development of Giga-projects offering unparalleled destination experiences, and enhanced connectivity between the Kingdom and the rest of the world. SCEGA continues to drive these transformative developments, most recently in announcing a 588 million SAR (US$156 million) incentive program to support marquee events in 2025.
About the International MICE Summit
The International MICE Summit (IMS) gathers global leaders from the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, as well as professionals, and organizations from across industries. It provides a platform for industry insights, networking, and discussions on advancing innovation, knowledge sharing and sustainable development within the global MICE sector.
For more information or to register for the event, visit:
Website – www.internationalmicesummit.com
Twitter/X – https://x.com/ims_summit
LinkedIn – https://www.linkedin.com/company/ims-summit/
YouTube – https://youtube.com/@ims.summit?si=G06nYTaOUWer-OKq
About the Saudi Conferences and Exhibitions General Authority (SCEGA)
The Saudi Conventions & Exhibitions General Authority (SCEGA) is the official body overseeing the development and regulation of Saudi Arabia’s exhibitions and conventions sector. Established by Royal Decree in 2018, SCEGA aims to strengthen the sector’s economic impact by setting strategic policies, issuing licenses, promoting Saudi Arabia as a premier MICE destination, and fostering investment in line with global standards. Through collaboration with national and international stakeholders, SCEGA works to enhance sector growth, support talent development, and create opportunities for showcasing the Kingdom’s unique identity on the world stage.
Contact: [email protected]
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