YOC (YOC) Q2 2024 earnings summary

Executive summary

• Revenue grew by 23% year-over-year to EUR 15.5 million in H1 2024, driven by the VIS.X® platform and high-impact ad formats.

• EBITDA rose to EUR 1.8 million from EUR 0.6 million, and net profit reached EUR 0.9 million versus a loss of EUR 0.2 million in H1 2023.

• National segment revenue increased 31%, international segment up 14% compared to H1 2023.

• Continued investment in AI-driven platform enhancements and product innovation to strengthen market position.

Financial highlights

• Revenue: EUR 15.5 million (H1 2023: EUR 12.6 million), up 23% year-over-year.

• EBITDA: EUR 1.8 million (H1 2023: EUR 0.6 million), up 198%.

• Net profit: EUR 0.9 million (H1 2023: EUR -0.2 million).

• Gross profit margin improved to 46% (H1 2023: 45%).

• Cash and cash equivalents at EUR 1.9 million as of June 30, 2024.

Outlook and guidance

• FY 2024 revenue expected between EUR 36.0–37.0 million, with EBITDA of EUR 5.0–6.0 million.

• Net profit for 2024 forecasted at EUR 3.5–4.5 million.

• Management expects continued high growth in programmatic, high-impact ad formats.

• Company maintains sufficient liquidity even in case of significant forecast shortfall.