on YOC AG (isin : DE0005932735)
YOC AG Reports 19% Revenue Growth in First Nine Months of 2024
Berlin, November 18, 2024 – YOC AG, a company in the Ad Tech industry, has reported a revenue growth of 19% for the first nine months of 2024, reaching 23.5 million EUR compared to 19.7 million EUR during the same period in 2023. This growth aligns with the company's full-year guidance and reflects progress in financial and platform performance.
The company's operating EBITDA increased by 83% to 2.6 million EUR, while the group net income rose fivefold to 1.0 million EUR. This profitability growth was largely driven by advancements in their VIS.X® technology platform, integrating artificial intelligence for precise ad targeting.
Furthermore, YOC AG expanded its operations into Sweden, aiming to establish its VIS.X® platform across Europe as part of its internationalization strategy.
R. H.
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