|
EQS-News: YOC AG
/ Key word(s): Quarter Results/Quarterly / Interim Statement
YOC AG achieves 36% increase in revenue in the first quarter of 2024 Berlin, May 27, 2024 – The ad tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE0005932735) was able to increase its consolidated revenue by 36% to 7.1 million EUR (Q1/2023: 5,2 Mio. EUR) in the first three months of the current financial year 2024. The revenue growth of the YOC Group follows the positive developments in existing markets, the introduction of the VIS.X® platform in new markets, as well as the provision of new trading technologies, advertising products, and digital inventory sources. The organic growth of the YOC Group amounted to 25%. The company YOC Finland Oy (formerly Noste Media Oy), which was consolidated for the first time on March 21, 2023, contributed approximately 30% to the overall growth. At the same time, operating earnings before interest, taxes, depreciation, and amortization (EBITDA)* increased by 0.4 million EUR to 0.7 million EUR (3M/2023: 0,3 Mio. EUR). The resulting consolidated net income amounted to 0.2 million EUR (3M/2023: 0,0 Mio. EUR). Thus, the steady increase in the company's profitability continued in the current financial year 2024. The progress of the YOC Group is based on the strategy to position the in-house VIS.X® platform as the technological trading platform for high-impact advertising formats in the digital advertising market. The financial figures for the first quarter of 2024 developed in line with the company's budget planning and are thus within the scope of the overall annual guidance for 2024. Sebastian Bauermann, Chief Financial Officer (CFO) of YOC AG, stated: “The investments in our VIS.X® platform, particularly in artificial intelligence (AI) to optimize media trading in real-time, are increasingly noticeable in the scaling of our business model. The growth trend of the YOC Group, driven by our technology platform VIS.X®, will continue throughout the rest of the year 2024.” *EBITDA corresponds to the definition in the YOC AG's annual report for the financial year 2023 (available at: https://yoc.com/investor-relations/financial-reports/) YOC is a technology company that develops software for the digital advertising market. With the help of our programmatic trading platform VIS.X®, we enable an optimal advertising experience for advertisers, publishers, and internet and mobile application users. Advertisers using VIS.X® and YOC’s attention-grabbing ad formats have the opportunity to increase brand and product visibility in conjunction with high-quality ad inventory. Renowned premium publishers offer global media reach and benefit from the high monetization of our VIS.X® platform. The company has been a pioneer in mobile advertising since 2001 and has been listed on the Prime Standard of the Frankfurt Stock Exchange since 2009. Contakt YOC AG
27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | YOC AG |
| Greifswalder Str. 212 | |
| 10405 Berlin | |
| Germany | |
| Phone: | +49 (0)30-72 61 62 322 |
| Fax: | +49 (0)30-72 61 62 222 |
| E-mail: | ir@yoc.com |
| Internet: | www.yoc.com |
| ISIN: | DE0005932735 |
| WKN: | 593273 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1910281 |
| End of News | EQS News Service |
|
|
1910281 27.05.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
