Affle reports strong performance for Q1 FY2023

Revenue growth of 127.9% y-o-y | Profit (PAT) growth of 93.5% y-o-y

Affle reported a strong performance for Q1 FY2023 with a consolidated revenue from operations of Rs. 347.5 crores, an increase of 127.9% y-o-y from revenue of Rs. 152.5 crores in Q1 last year. EBITDA was at Rs. 68.7 crores, an increase of 95.9% y-o-y. Profit After Tax (PAT) increased by 93.5% y-o-y to Rs. 55.2 crores from Rs. 28.5 crores in Q1 last year. The company reported operating cash flows of Rs. 55.2 crores during the quarter, achieving 99.9% of PAT as operating cash flows. This growth was broad-based coming from both CPCU business and non-CPCU business, across India & International markets.

The CPCU business noted strong momentum delivering 6.2 crores of converted users in Q1 FY2023, an increase of 96.7% y-o-y. The top industry verticals for the company continued to be resilient, helping it register a robust growth in this quarter.

About Affle

Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer recommendations and conversions through relevant Mobile Advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud. Affle powers unique and integrated consumer journeys for marketers to drive high ROI, measurable outcome-led advertising across global connected devices. Some of Affle's leading platforms include - Appnext, Jampp, MAAS, mDMP, mediasmart, mTraction Enterprise, RevX and Vizury.

Affle (India) Limited successfully completed its IPO in India and now trades on the stock exchanges (BSE: 542752 & NSE: AFFLE). Affle Holdings is the Singapore based promoter for Affle (India) Limited, and its investors include Microsoft, Bennett Coleman & Company (BCCL) amongst others.