Witbe turnover and outlook for the first half of 2024

Witbe recorded a consolidated turnover of €10.4 million for the first half of 2024, stable compared to the same period in 2023. This result includes a notable increase in the Americas zone, reaching €6.0 million, i.e. an increase of +3%.

Restated turnover, excluding sales to Asian subcontractors, increased by +2%. In EMEA, turnover fell -6% to €3.9 million, while in Asia it increased to €0.5 million (+146%).

The annual recurring revenue (ARR) combining Cloud subscriptions and maintenance services stands at €6.3 million as of June 30, 2024. Witbe's strategy focuses on optimizing profitability and international expansion through AI and the video advertising market.