#Canada #Toronto #Sabio Holdings #App Science #ad-supported streaming

Sabio Reports Record Financial Growth for 2024

In a significant announcement, Sabio Holdings Inc. has revealed its audited financial results for the fiscal year 2024, displaying an impressive 38% increase in revenues, culminating in a remarkable total of $49.6 million. This milestone reflects the company's robust strategy and operational adjustments implemented over the past year.

Strong Performance Indicators

The financial performance indicators are noteworthy. Sabio's gross margin stood at a healthy 62%, a testament to its efficient cost structure. The company also reported positive Adjusted EBITDA of $3.8 million in 2024, a substantial recovery from an Adjusted EBITDA loss of $1.8 million the previous year. This improvement signals a strong rebound and emphasizes the sustainability of its business model.

Aziz Rahimtoola, CEO of Sabio, expressed enthusiasm about the company’s growth, highlighting that the leaner cost structure and a reinforced balance sheet are paving the way for significant investments aimed at spurring growth in 2025. “We are leveraging our advanced App Science™ platform to provide top brands with the ability to track consumer behavior effectively,” he stated.

Innovations Driving Growth

The company’s innovative solutions in performance marketing are capturing attention, particularly as they provide unprecedented insights into consumer engagement through advanced AI-driven capabilities. The launch of programmatic offerings powered by App Science™ further positions Sabio as a leader in the ad-supported streaming realm, allowing clients greater control and efficiency in their advertising ventures.

With the ad-supported streaming industry experiencing rapid growth, Sabio’s proactive steps, including their new strategic international initiatives, are demonstrated by a 41% influx of new clients in 2024. The emphasis on Gen Z audiences through platforms like Creator TV indicates Sabio's commitment to staying relevant in a changing digital landscape.

Business Transformation and Market Dynamics

Sabio's transition from a mobile display-dependent model to a more robust streaming sales approach has resulted in a staggering 39% compound annual growth rate since 2020. Additionally, they achieved a 90% customer retention rate, which is significant as they aim to bolster their market share beyond the 16% growth in the ad-supported streaming marketplace.

The company is also expanding its reach internationally, as evidenced by successful operations in the UK, where it generated $1.4 million in its first year. The diversification in revenue streams ensures a more resilient business model, enhancing Sabio's standing amongst its competitors.

Part of this strategic fortification includes a new credit facility that strengthens their financial positioning, which will enable continuous investment in their technology and market initiatives.

Looking Ahead to 2025

With the successful results from 2024, Sabio is optimistic about the future. They anticipate double-digit growth in revenues for the first quarter of 2025, showcasing a solid sales pipeline trajectory. Ongoing enhancements to their operational efficiencies hint at a promising outlook, setting the stage for sustained growth and innovation.

The strategic focus on analytics and engagement powered by the App Science™ platform puts Sabio at the forefront of the ad-tech industry. As advertising landscapes evolve and streaming uptake continues, Sabio is well-placed to respond to market demands, promising significant opportunities for both the company and its clients.

In conclusion, Sabio’s revolutionary approach and operational advancements are not just driving its growth but are also reshaping the advertising industry landscape as a whole, setting new benchmarks for performance in 2025 and beyond.