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The latest announcement is out from Sabio Holdings ( (TSE:SBIO) ).
Sabio Holdings has announced record preliminary financial results for Q4 and the fiscal year 2024, showcasing a significant revenue growth of approximately 37% over the previous year to reach around US$49.3 million to US$49.5 million. The company achieved an Adjusted EBITDA of US$3.6 million to US$3.8 million, marking a turnaround from a loss in the prior year. This growth was primarily driven by ad-supported streaming, bolstered by a leaner cost structure and strategic investments in international markets and programmatic offerings. With a strong cash reserve and reduced debt, Sabio aims to continue its strategic momentum, anticipating double-digit growth in the first quarter of 2025, thereby enhancing its industry positioning and stakeholder confidence.
More about Sabio Holdings
Sabio Holdings is a leader in the ad-supported streaming space, offering a cloud-based, end-to-end technology stack designed to reach, engage, and validate streaming audiences. The company collaborates with top global brands and agencies, using a proprietary ad-serving technology platform and the App Science™ analytics platform, which utilizes AI natural language capabilities without relying on cookies.
YTD Price Performance: 13.21%
Average Trading Volume: 44,696
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$46.15M
See more data about SBIO stock on TipRanks’ Stock Analysis page.
