Internet Software & Services company Affle (India) announced Q2FY24 & H1FY24 results: 1. Financial Performance: Q2FY24: Revenue from Operations of Rs 431.3 crore, an increase of 21.6% YoY EBITDA at Rs 87.2 crore, an increase of 20.6% YoY PAT at Rs 66.8 crore, an increase of 13.8% YoY H1FY24: Revenue from Operations of Rs 837.9 crore, an increase of 19.3% YoY EBITDA at Rs 165.3 crore, an increase of 17.3% YoY PAT at Rs 133.0 crore, an increase of 17.4% YoY 2. Business Growth: - Affle's CPCU business showed strong momentum, delivering 7.2 crore converted users in Q2FY24, an increase of 11.4% compared to the previous year. - The CPCU revenue for Q2FY24 was Rs 400.6 crore, an increase of 21.6% YoY. - The company's top industry verticals remained resilient, contributing to robust growth driven by the CPCU business model. 3. Market Adaptation and Resilience: - Affle's growth came from both existing and new customers, showcasing the company's adaptability and expansion potential. - Despite challenging macroeconomic conditions globally, Affle's performance in India and global emerging markets remained strong. 4. Technological Advancements and Investments: - Affle continues to invest in developing innovative solutions for its customers globally and strengthening its technological edge. - The recent release of GenAl-powered multilingual capabilities on iOS Appstore positions Affle as an early forerunner in advanced use cases on the OEM ecosystem, aligning with its Affle 2.0 growth strategy. Anuj Khanna Sohum, MD and CEO, Affle, said, "Affle's growth has been broad-based coming from both existing and new customers, across India & global emerging markets which continue to perform well despite the tough macro-economic conditions globally. The resilient nature of our business helped us achieve the highest quarterly revenue run rate, highest EBITDA, consumer conversions, and CPCU rate in Q2FY24. Our consistent growth trajectory is well supported by greater consumer adoption of connected devices, unique ROI-linked CPCU business model, relentless focus on R&D;, and strong operational execution focused on the 4Ps - People, Platforms, Productivity, and Profitability. We continue to augment our business by strengthening our technological edge and investing in developing innovative solutions for our customers globally. As a testament, we recently released GenAl-powered multilingual capabilities on iOS Appstore that make us early forerunners on advanced use cases on the OEM ecosystem, aligned to our Affle2.0 growth strategy. Looking forward, we remain focused on fortifying our ecosystem-level partnerships with deeper strategic realignment and are investing to further expand our tech IP, product propositions, and our on-ground presence across geographies to drive sustainable growth for all our stakeholders." Result PDF
Conference Call with Affle (India) Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Internet software & services company Affle (India) announced Q1FY24 results: Consolidated Q1FY24 vs Q1FY23: Revenue from operations of Rs 406.6 crore, an increase of 17.0% YoY EBITDA at Rs 78.1 crore, an increase of 13.7% YoY PAT at Rs 66.2 crore, an increase of 21.4% YoY Consolidated Q1FY24 vs Q4FY23: Revenue up by 14.3% QoQ EBITDA up by 9.0% QoQ PAT up by 6.0% QoQ Commenting on the results, Anuj Khanna Sohum, MD and CEO of Affle said, “We commenced FY24 on a positive trajectory and are elated to close yet another quarter of robust growth having achieved our highest quarterly revenue run-rate ever in Q1FY24. This quarter too witnessed the accelerated broad-based growth in ad spending powered by our unique ROI-linked CPCU business model, coming across our top industry verticals. This performance was a result of strategic efforts to enhance our consumer-centric platform offerings, further verticalize our capabilities towards high-growth industries, leverage acquisitive synergies, and the disciplined execution from our teams. We further fortified our solutions with unique ad placements across OEM and Operator app stores in India & International markets. We also globally rolled out the CPCU model on Connected TV (CTV) with household sync capabilities, empowering advertisers to reach users across screens and derive greater ROI with cross-device targeting. We are agile and continue to reinvent ourselves to leverage the evolving market dynamics & technological trends to drive sustainable value creation for all our stakeholders.” Result PDF