Posted on by Nathalie Tay
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Catcha Digital Achieves Record Revenue in Q3 FY2024
27 Nov
Catcha Digital Berhad (“Catcha Digital” or the “Company”) announces its financial results for the third quarter ended 30 September 2024 (“Q3 FY2024”).
For Q3 FY2024, the Company reported a record revenue of RM11.14 million. This marks a significant increase compared to Q3 FY2023, where the Company reported revenue of RM7.19 million, achieving year-over-year growth of 55%. The Company posted a profit after tax of RM1.21 million in Q3 FY2024, bringing its total profit after tax for the first nine months to RM3.43 million.
“We are proud of the team for achieving such impressive revenue growth amidst volatile macroeconomic environment, owing to the heavy focus on product innovation capabilities. Over the past quarter, we have launched a range of innovative advertising solutions, such as augmented reality advertising and offline-to-online campaign, allowing our advertisers to connect more effectively with their customers. We remained focused on achieving sustainable growth and earnings for our shareholders,” says Eric Tan, Chief Executive Officer of Catcha Digital.
“We are pleased to have achieved this record revenue in our fifth quarter after exiting GN2 status in July 2023 and we strive to maintain this momentum. As we continue our mission to build a leading profitable digital group in Southeast Asia, we will pursue strategic partnerships, investments and acquisitions that are accretive to our earnings per share.The prospects for the business remain excellent and we look forward to executing on all the great opportunities which we will share with the market soon” says Patrick Grove, Chairman of Catcha Digital.
Recently on 28 June 2024, Catcha Digital announced a joint venture with Khairy Jamaluddin and Shahril Hamdan, the founders of Keluar Sekejap to form a new disruptive digital media business, KS Lagi. KS Lagi was launched in October 2024 and has secured global brands such as MG Motor, Honor and Vico as advertisers.
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