Netgem SA (FR:ALNTG) has released an update.
Netgem SA has reported significant improvements in its financial performance for the first half of 2024, with recurring revenue up by 16%, EBITDA increasing by 5%, and a substantial 250% rise in current operating income compared to the same period in 2023. The company attributes these results to its successful penetration of the ‘Entertainment Technology’ market and diversification strategies, including advancements in its Mediaservices, TV subscription growth, expanding ‘Cloud Gaming’ offerings, and extended distribution agreements for its FASTLane service. Despite an overall revenue dip of 8%, these developments have positioned Netgem SA to maintain its growth in recurring revenues and further improve profitability for the remainder of 2024.
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