Sabio Holdings (TSE:SBIO) has released an update.
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Sabio Holdings reports an 11% revenue increase in Q2/2024 with a record $8.9 million, bolstered by a 39% surge in Connected TV/OTT ad sales, comprising 77% of total sales. The company also notes a high customer retention rate of 91%, suggesting strong recurring revenue streams and improved operating leverage, leading to a reduced Adjusted EBITDA loss from $1.7 million to $0.3 million compared to the same quarter last year.
For further insights into TSE:SBIO stock, check out TipRanks’ Stock Analysis page.
