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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VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.
Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.
In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.
Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”
BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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PASAY CITY, Philippines, Dec. 26, 2024 /PRNewswire/ — The SM Group is approaching the coming year with cautious optimism, encouraged by the continued growth of the Philippine economy.
SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well.
Consistent demand sustained household spending in the third quarter, with Household Final Consumption Expenditure posting a year-on-year growth of 5.1%, maintaining the same level in the same quarter last year, data from the Philippine Statistics Authority showed.
“Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands,” Mr. DyBuncio said.
To cater to growing demand, SM continues to expand into more underserved areas, contributing to sustainable economic development and collaborating with government stakeholders to enhance access to modern retail, financial services, and integrated property developments.
“By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities,” he said.
Mr. DyBuncio also said SM continues to invest in promising ventures such as renewable energy and logistics, that foster economic activity.
SM has invested in the clean energy industry through Philippine Geothermal Production Company (PGPC) which produces 300 Megawatts of geothermal steam supply. SM aims to continue to develop geothermal concessions through PGPC in support of the Department of Energy’s goal of reaching 50% renewable energy supply by 2040.
To encourage circularity towards green energy production, SM’s property arm, SM Prime Holdings partnered with GUUN Co. Ltd. (GUUN) to implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel.
SM’s banking arm, BDO Unibank is one of the largest funders of renewable energy projects. BDO has funded PHP898 billion in sustainable finance, including loans to 59 renewable energy projects as of December 2023.
In logistics and tourism, the improvement of transport networks across the country’s archipelago connects tourist and industrial areas that will help create inclusive growth. SM though its subsidiary 2GO launched MV Masigla and MV Masikap in 2024 to help better connect goods to 19 ports across the country including Iloilo, Bacolod, Cagayan de Oro and Manila, further supporting the government’s push for medium term growth through an upgraded tourism infrastructure and ecosystem.
“Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future,” Mr. DyBuncio said.
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View original content:https://www.prnewswire.co.uk/news-releases/sm-approaches-2025-with-cautious-optimism-302339452.html
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