Brief: Huuuge Q4 Net Profit At $18.5 Mln
17/04/2025 06:21
April 17 (Reuters) - Huuuge Inc HUGP.WA: REPORTED ON WEDNESDAY Q4 ADJUSTED EBITDA AT $24.8 MILLION Q4 NET PROFIT AT $18.5 MILLION Q4 REVENUE AT $61.7 MILLION Q4 OPERATING RESULT AT $18.7 MILLION THE COMPANY VIEWS CASH AS A STRATEGIC ASSET AND WILL PRIORITIZE INVESTMENTS IN GROWTH OVER SHARE BUYBACK PROGRAMS WHILE M&A OPPORTUNITIES CONTINUE TO EMERGE, HUUUGE MAINTAINS A HIGHLY SELECTIVE APPROACH — FOCUSED ON HIGH-IMPACT, STRATEGICALLY ALIGNED ACQUISITIONS NOT DRIVEN BY DEADLINES HUUUGE’S DIRECT-TO-CONSUMER (DTC) SEGMENT CONTINUED ITS STRONG GROWTH TRAJECTORY IN 2024, WITH ANNUAL REVENUE REACHING A RECORD $29.9 MILLION — NEARLY DOUBLE THE LEVEL FROM 2023 THE MOMENTUM CARRIED INTO EARLY Q1 2025, WITH DTC ACCOUNTING FOR 21% OF TOTAL REVENUE IN MARCH Source text: nEMcchf8Ha Further company coverage: HUGP.WA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))