Affle reports 28.5% increase in Revenue from Operations for FY24

Delhi: Affle (India), a consumer intelligence driven global technology company, announced results for the fourth quarter and twelve months ended March 31, 2024.

The company's Revenue from Operations of Rs. 1,842.8 crore, showed an increase of 28.5% y-o-y. 

EBITDA stood at Rs. 361.1 crore, an increase of 23.2% y-o-y. 

PAT at Rs. 297.3 crore, showed an increase of 21.5% y-o-y. 

Affle reported a consolidated revenue from operations of Rs. 506.2 crore, an increase of 42.3% y-o-y from revenue of Rs. 355.8 crore in Q4 last year. 

The CPCU business deliver 8.8 crore converted users in Q4 FY2024, an increase of 41.4% y-o-y and taking the total converted users delivered in FY2024 to 31.3 crore.

The CPCU revenue stood at Rs. 503.8 crore in Q4 FY2024, an increase of 57.4% y-o-y. The top industry verticals for the company continued to show momentum, helping it register a robust growth anchored on the CPCU business model.
 
Commenting on the results, Anuj Khanna Sohum, the MD and CEO of Affle said, “Q4 FY2024 marked a landmark period for Affle, as we achieved record growth on both year-over-year and sequential basis. We achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. This reflects our ongoing commitment to enhance our product capabilities delivering integrated platform solutions and premium propositions, as well as expand our technological prowess particularly in Gen AI, to significantly strengthen our market position.

As we conclude FY2024 on a strong note, our achievements are not just a testament to our resilience, but also a clear indicator of our long-term potential. With over 5X growth in topline and profitability in the last five years powered by our unique ROI-linked CPCU business model, and our continued investments in tech, markets and teams expansion, we are poised to continue our trajectory of robust growth with enhanced profitability.

We remain dedicated to delivering sustainable value creation for all stakeholders. We are excited about harnessing next-gen technologies to shape the future of digital advertising in a hyper-connected world, as we enter FY2025 with great optimism.
 
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 and teams, consistent efforts to enhance platform and product capabilities, relentless focus on R&D and deeper ecosystem-level partnerships.

Our commitment remains steadfast in paving the way towards advanced digital technologies through responsible integration of Gen AI across conversion-driven marketing. In line to this, we filed 15 new patents in India during the quarter. We continue to expand the breadth of our tech IP assets and are investing in Gen AI powered innovations to go beyond the mere adoption of AI for cost efficiencies, but rather fortify our competitive moat and drive long-term revenue growth.

We remain focused on delivering greater strategic value for all our stakeholders and are excited about the future possibilities to drive sustainable business impact with next-gen technologies.”