Positive revision of full-year guidance as the company demonstrates profitable growth, strong performance, and accelerated business momentum

TAIPEI, TAIWAN - Media OutReach - 13 November 2023 -

Highlights and achievements of Q3 FY23

• Revenue increased by 39% YoY to reach an all-time quarterly high of JPY 7.1 billion
  
• Gross profit reached a historical high of JPY 3.7 billion with a 38% YoY growth rate, while gross margin improved to 52.6%
  
• Operating income expanded over 60 times YoY to JPY 314 million, with operating margin at a historical high of 4.4%
  
• Revenue from US and EMEA markets accelerated to 117% growth YoY, representing 20% of total revenues from 13% a year ago
  
• Upward revision of full-year forecast from JPY 25.5 billion to JPY 26.2 billion, with YoY revenue growth rate further accelerated to 35% from 31%
  
• Raised full-year operating income to JPY 0.7 billion, up 32% from JPY 0.54 billion, with operating margin to 2.7% from 2.1%
  

Surpassing guidance and achieving revenue and operating profit record highs

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its earnings results for the third quarter of the fiscal year 2023.