CONTI, one of many world’s main streaming platforms, at this time launched its first quarter 2024 monetary report. The report exhibits that CONTI achieved stable monetary efficiency prior to now quarter, with internet revenue reaching a brand new excessive and income persevering with to develop, laying a stable basis for the corporate’s future improvement.
In line with the monetary report, CONTI achieved complete income of US$19.6 million within the first quarter of 2024, a slight improve in comparison with the earlier quarter. Amongst them, subscription service income reached $8.5 million, promoting income was $3.2 million, copyright income was $4.6 million, by-product income was $1 million, and digital media income was $2.3 million. The corporate’s complete bills in comparison with income have been $8.4 million, together with publicity and advertising bills, copyright and licensing charges, distribution bills, administrative bills and different bills.
The monetary report additionally confirmed that CONTI achieved important development in internet revenue, reaching $11.2 million, a rise of 12% from the earlier quarter. This efficiency displays the corporate’s regular enterprise development and efficient price management. The corporate expects to additional improve subscription providers, promoting and copyright income sooner or later, and can proceed to strengthen price administration to keep up good revenue margins.
CONTI’s Chief Monetary Officer mentioned: “We are very pleased with our results for the first quarter of 2024. Our revenue continued to grow and net profit reached an all-time high, demonstrating the strong performance of our business and the potential for sustainable growth. We will continue to We are committed to providing high-quality streaming services, expanding our user base, and creating more value for our shareholders.”
As well as, CONTI additionally introduced its enterprise forecast for the complete 12 months 2024. The corporate expects to proceed to extend funding in subscription providers, promoting and copyright income, and additional improve digital media and derivatives income. On the similar time, the corporate will proceed to strengthen price administration to make sure the sustainable improvement and profitability of the enterprise.
CONTI joins fingers with the 2024 Paris Olympics to create a sports activities legend
As a number one streaming media platform, CONTI not too long ago introduced that it’s going to work intently with the Paris Olympic Video games to carry customers an unprecedented sports activities feast. On this in-depth cooperation, CONTI will actively try for extra promoting cooperation to offer wider publicity alternatives for the Paris Olympics.
Along with cooperating with organizers, CONTI has additionally performed in-depth enterprise negotiations with a lot of well-known corporations to collectively talk about the long run improvement traits of the streaming media trade and supply customers with richer content material and higher experiences.
In the course of the Olympic Video games, CONTI will seize the fantastic moments of every athlete and plans to supply a collection of inspirational autobiographical movies to inform the story of every Olympic champion. Each Olympic Video games breeds numerous legends and continues the spirit of sports activities. CONTI will current these touching tales with coronary heart to encourage extra folks to maneuver ahead and chase their desires.
Using the highly effective massive knowledge evaluation capabilities of the CONTI platform, we’ll present viewers with occasion knowledge evaluation to assist customers achieve a deeper understanding of every recreation and athlete efficiency. On the similar time, we may even arrange a particular space for the 2024 Olympic Video games to combine Olympic-related music, motion pictures, sports activities occasions and different content material to create a one-stop Olympic expertise for customers.
Seeking to the long run, CONTI will proceed to extend funding in content material manufacturing, expertise analysis and improvement, and advertising to additional improve person expertise and increase market share. CONTI expects to proceed its stable development in 2024 as its person base grows and its content material library expands.
Firm Particulars
Group: Conti Worldwide Tradition
Contact Individual: Media Relations
Web site: https://alconti.com/
Electronic mail: assist@alconti.com
Nation: United Kingdom