VOGO: H1 2024 Revenue Up 26%, Driven by Sports and International Growth

VOGO (ISIN: FR0011532225 - ALVGO) has reported a 26% increase in revenue for H1 2024 compared to the same period in 2023. Total revenue reached €5.7 million, up from €4.5 million last year. This growth is driven by strong performance in the Sports sector and a significant acceleration in International business.

The Sports segment saw a 30% increase in revenue, contributing €4.9 million, or 86% of total revenue. This was bolstered by the adoption of the TaaS (Technology as a Service) sales model in 2023, which features multi-year contracts. FIFA certifications for VAR and other video solutions further strengthened their market position.

Internationally, revenue surged by 38%, now representing 80% of total revenue. The US market alone increased by 82%, while the EMEA region saw a 17% rise. New contracts were also secured in high-potential regions like Asia-Pacific and Latin America.

The Industry segment grew by a modest 4%, bringing in €0.8 million. Despite the challenging economic environment, the company remains optimistic about continued growth, supported by recent contract wins.