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Appen Accelerates Revenue Growth Excluding Google, Posts Positive EBITDA in Q4 FY24
9:08am on Thursday 30th of January, 2025 AEDT
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Technology
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Appen Accelerates Revenue Growth Excluding Google, Posts Positive EBITDA in Q4 FY24
9:08am on Thursday 30th of January, 2025 AEDT
Key Points
Q4 FY24 revenue of $66.7 million, down 7% overall but up 37% excluding Google
Underlying EBITDA rose to $4.7 million, a 70% improvement year-on-year
Underlying cash EBITDA reached $3.2 million, nearly quadrupling prior year
Quarter-on-quarter revenue growth of 23.3% fueled by generative AI initiatives
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