YOC AG Reports Substantial Growth in 2023 Driven by AI and International Expansion

YOC AG, the ad tech company listed on Frankfurt's Prime Standard, has announced significant financial growth for the fiscal year 2023. The company reported a 31% increase in consolidated revenue, reaching EUR 30.6 million, up from EUR 23.4 million in 2022. The operating earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw an increase, rising by EUR 0.9 million to EUR 4.4 million.

The growth has been attributed to both the expansion of YOC AG's international footprint and advancements in its VIS.X® technology platform, which now incorporates artificial intelligence. The company expanded into Northern Europe by acquiring Helsinki-based Nostemedia Oy, now known as YOC Finland Oy, which accounted for approximately 20% of the total revenue growth. Additionally, the integration of the VIS.X® Artificial Intelligence (VIS.X® AI) substantially enhanced the performance metrics of advertising clients' campaigns.

YOC AG also launched the YOC Universal Video Solution, utilizing VIS.X® AI to automatically convert video formats into various high-impact advertising formats, aiming for optimal visibility and engagement. The standardization and automation of business processes have further driven efficiency gains, supporting ongoing expansion.

Dirk-Hilmar Kraus, CEO of YOC AG, emphasized the strategic focus on leveraging artificial intelligence to differentiate their platform in the digital advertising market and indicated plans for continued enhancement of their technology to maintain a leading position in the industry.