Xamble Group Limited (ASX: XGL), a well-established pioneer in influencer-centric digital marketing solutions, has shared its financial and operational update for Q3 FY2023. In this quarter, the group's revenue increased by 14% to AU$2.70 million compared to AU$2.36 million in Q2 FY2023. The profitability of the core businesses, measured by EBITDA, experienced a significant growth of 67% in Q3 FY2023 compared to Q2 FY2023. Notably, both Nuffnang and Plata & Punta achieved their best performance of FY2023 in Q3, with revenue increases of 11% and 37%, respectively, attributed to new brand wins.
Furthermore, Xamble Live Commerce demonstrated robust revenue growth of 55% in Q3 FY2023 compared to Q3 FY2022, driven by the expansion of TikTok Shop services to a wide range of clients. Additionally, Xamble Creators continued its growth trajectory, with an increase in influencer registrations, and the commercialization process commenced in October 2023.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
