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Adverty

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Adverty delivers more than 3x compared to same period in 2022

MAR

CEO's message:
 
The numbers speak for themselves in the CEO's message this quarter.
 
Once again, we have delivered an extremely strong quarter, the second-best in our history. With revenue of SEK 8.355 million and a growth of 203% compared to the same period last year, we are reaching SEK 50 million in total revenues for 2023 with similar growth trajectory as previous years.
 
The increase from the first to the second quarter of 2023 was 86%, compared to a 35% increase during the same period last year.
 
Even the gross profit increased significantly, amounting to SEK 2.932 million compared to SEK 567 thousand for the same period the previous year, resulting in a gross margin of 35% for the second quarter of 2023.
 
We see that the cost-saving measures are now fully effective starting from the third quarter this year, which will make a significant difference in the cost structure going forward.
 
Finally, I want to mention that we are pleased with the long-term financing solution we have implemented, which ensures full funding for the company from now on.
 
"Do More, Make It Count."
 
Jonas Söderqvist
CEO
Adverty AB (publ)

For further information, please contact:

Pontus Dahlström, CFO
Phone: +46 709 13 60 03
E-mail: pd@adverty.com

About Adverty

Adverty, the leading in-game ad platform, delivers spectacular In-Play™ ads to connect brands and people through its revolutionary and multi-patented technology built for VR/AR and mobile games. The platform offers programmatic video and display ad inventory at scale and allows content creators to monetise the complete experience with unobtrusive, easy-to-integrate, immersive ads.

Founded in 2016, Adverty has offices in Stockholm, London, Istanbul and Lviv and enables new gaming revenue streams for developers and empowers advertisers to reach uniquely engaged audiences. More information at www.adverty.com.

This information is information that Adverty AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-07-20 08:30 CEST.

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ADVERTY Q2 2023 ENG

Datum 2023-07-20, kl 08:30
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ADVERTY Q2 2023 ENG
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