News and Announcements
YuuZoo 2015 Results; Strong Growth in All Areas, EBITDA Grows 605%, Revenue Growth Expected to Accelerate in 2016
- Published February 29, 2016 3:40PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
25th February 2016, YuuZoo
Key 2015 Highlights:
- Top line revenue grows by 73% year-on-year to SGD 95.1 million (USD 65.4 million)
- EBITDA margin of 46%. EBITDA grows year-on-year by 605% to SGD 44 million (USD 31.4 million), with EBIT at SGD 33.3 million (USD 23.8 million)
- YuuZoo expects revenue growth to further accelerate in 2016, supported by the launch of several franchise and partnership businesses in major markets
Singapore mainboard-listed YuuZoo Corporation Limited (“YuuZoo”) (SGX: AFC) is pleased to announce its 2015 annual results. The results show strong and continued growth in YuuZoo’s global expansion, its top line revenue and its bottom line.
The company’s top line revenue grew by 73% to SGD 95.1 million (USD 65.4 million). EBITDA grew 605% to SGD 44 million (USD 31.4 million) and EBIT turned from negative in 2014 to SGD 33.3 million positive (USD 23.8 million) in 2015.
YuuZoo’s revenue grew in spite of the company’s loss of all its 2015 gaming revenue (which in 2014 accounted for SGD 25.3 million (USD 18.1 million)). This loss in gaming revenue was due to the prolonged discussions on the acquisition of IAH Games. The discussions were recently concluded in early 2016, with YuuZoo’s purchase of a 30% stake in IAH Games. This purchase will also result in IAH Games conducting all its business in games through YuuZoo’s platform from 2016 onwards.
James Sundram, CEO of YuuZoo said, ‘I am extremely pleased to announce YuuZoo’s strong growth in all key areas, and the strong results for the financial year 2015.
‘EBIDTA has increased more than 600% to SGD 44 million. The loss in 2014 has been reversed into an EBIT of SGD 33.3 million. As such, YuuZoo is one of the few companies in the social media and e-commerce space that continues to show a strong and growing bottom line.
To read the full announcement, please click here.