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Affle (India) Limited, a consumer intelligence-driven global technology company, announced its results for the third quarter and nine months ending December 31, 2023 where it reported Rs 498.7 crore revenue from operations, resulting in 32.6% YoY growth. The company also stated that it has once again crossed previous milestones—largely due to advertisers increasing digital spending—to achieve its highest quarterly revenue run rate, EBITDA, and consumer conversions in Q3 FY2024.
“In Q3 FY2024, we have further raised our performance bar having achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in a broad-based growth in our CPCU business, coming across our top industry verticals globally. This quarter underscored the success of our realigned strategies & teams, consistent efforts to enhance platform and product capabilities, relentless focus on R&D and deeper ecosystem-level partnerships,” said Anuj Khanna Sohum, MD & CEO, Affle.
Affle’s CPCU business recorded strong momentum to deliver 8.4 crore converted users in Q3 FY2024, which is an increase of 23.6% YoY, taking the total converted users delivered in the nine months of FY2024 to 22.4 crore. Revenue from CPCU revenue stood at Rs 477.4 crore in Q3 FY2024, up by 38.2% YoY and 19.2% QoQ.
The company reported a consolidated revenue from operations of Rs 498.7 crore, recording an increase of 32.6% YoY from revenue of Rs 376.1 crore in Q3 last year. Its revenue is also up by 15.6% QoQ. Affle’s EBITDA now stands at Rs 96.7 crore, which is up by 20.3% on a YoY and 10.9% on a QoQ basis. Its EBITDA margin was at 19.4% in Q3 FY2024 while profit after tax (PAT) stood at Rs 76.8 crore, up by 11.4% YoY and 15% QoQ.
Consolidated revenue from operations over the nine months of FY2024 stood at Rs 1,336.6 crore, which is an increase of 24.0% YoY. EBITDA increased by 18.4% YoY at Rs 262 crore, and the EBITDA margin grew by 19.6%. Here, PAT increased by 15.1% YoY to Rs 209.8 crore.
The company spokesperson stated that it is looking to invest in Generative AI-powered innovations and adopting digital technologies through responsible integration of Generative AI for conversion-driven marketing. Affle had filed 15 new patents in India during the quarter as it continues to expand on its tech IP assets to drive long-term revenue growth.
“In Q3 FY2024, we have further raised our performance bar having achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in a broad-based growth in our CPCU business, coming across our top industry verticals globally. This quarter underscored the success of our realigned strategies & teams, consistent efforts to enhance platform and product capabilities, relentless focus on R&D and deeper ecosystem-level partnerships,” said Anuj Khanna Sohum, MD & CEO, Affle.
Affle’s CPCU business recorded strong momentum to deliver 8.4 crore converted users in Q3 FY2024, which is an increase of 23.6% YoY, taking the total converted users delivered in the nine months of FY2024 to 22.4 crore. Revenue from CPCU revenue stood at Rs 477.4 crore in Q3 FY2024, up by 38.2% YoY and 19.2% QoQ.
The company reported a consolidated revenue from operations of Rs 498.7 crore, recording an increase of 32.6% YoY from revenue of Rs 376.1 crore in Q3 last year. Its revenue is also up by 15.6% QoQ. Affle’s EBITDA now stands at Rs 96.7 crore, which is up by 20.3% on a YoY and 10.9% on a QoQ basis. Its EBITDA margin was at 19.4% in Q3 FY2024 while profit after tax (PAT) stood at Rs 76.8 crore, up by 11.4% YoY and 15% QoQ.
Consolidated revenue from operations over the nine months of FY2024 stood at Rs 1,336.6 crore, which is an increase of 24.0% YoY. EBITDA increased by 18.4% YoY at Rs 262 crore, and the EBITDA margin grew by 19.6%. Here, PAT increased by 15.1% YoY to Rs 209.8 crore.
The company spokesperson stated that it is looking to invest in Generative AI-powered innovations and adopting digital technologies through responsible integration of Generative AI for conversion-driven marketing. Affle had filed 15 new patents in India during the quarter as it continues to expand on its tech IP assets to drive long-term revenue growth.
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