The Times
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Appier surpasses projections to report further accelerated revenue growth for the second quarter

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

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