CONTI, one of many world’s main streaming platforms, right now launched its first quarter 2024 monetary report. The report exhibits that CONTI achieved strong monetary efficiency previously quarter, with internet revenue reaching a brand new excessive and income persevering with to develop, laying a strong basis for the corporate’s future growth.
In accordance 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 and marketing bills, copyright and licensing charges, distribution bills, administrative bills and different bills.
The monetary report additionally confirmed that CONTI achieved vital progress in internet revenue, reaching $11.2 million, a rise of 12% from the earlier quarter. This efficiency displays the corporate’s regular enterprise progress and efficient value management. The corporate expects to additional improve subscription providers, promoting and copyright income sooner or later, and can proceed to strengthen value administration to take care of good revenue margins.
CONTI’s Chief Monetary Officer stated: “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 total 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 identical time, the corporate will proceed to strengthen value administration to make sure the sustainable growth and profitability of the enterprise.
CONTI joins palms with the 2024 Paris Olympics to create a sports activities legend
As a number one streaming media platform, CONTI lately introduced that it’s going to work intently with the Paris Olympic Video games to convey customers an unprecedented sports activities feast. On this in-depth cooperation, CONTI will actively attempt for extra promoting cooperation to offer wider publicity alternatives for the Paris Olympics.
Along with cooperating with organizers, CONTI has additionally carried out in-depth enterprise negotiations with various well-known firms to collectively focus on the long run growth developments of the streaming media business and supply customers with richer content material and higher experiences.
In the course of the Olympic Video games, CONTI will seize the great 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 goals.
Using the highly effective massive information evaluation capabilities of the CONTI platform, we are going to present viewers with occasion information evaluation to assist customers acquire a deeper understanding of every sport and athlete efficiency. On the identical time, we may even arrange a particular space for the 2024 Olympic Video games to combine Olympic-related music, films, 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, know-how analysis and growth, and advertising and marketing to additional improve consumer expertise and broaden market share. CONTI expects to proceed its strong progress in 2024 as its consumer base grows and its content material library expands.
Firm Particulars
Group: Conti Worldwide Tradition
Contact Particular person: Media Relations
Web site: https://alconti.com/
E mail: assist@alconti.com
Nation: United Kingdom
