Affle Q4 FY23 Results Key Highlights

  • Q4 Consolidated Revenue up 12% YoY and Net Profit down 8.89%
  • Last year Q4 has one-time other income of Rs.7.1 Cr. So, normalize Net Profit is up by 18%
  • EBIDTA Margins 19% vs 18% YoY
  • In coming years, we will back to 25% but not in hurry as will move step by step
  • Domestic 34.7%, International 65.3%
  • Converted Users in Q4 are 62.5m from 56.6m YoY with Average Cost Per Converted User (CPCU) Rs.51.2 from Rs.51.1 YoY

  • In India and emerging market growth in Q4 is above 20%, developed markets are continuously facing headwinds specially fintech and entertainment industry
  • Looking for 20 to 25% organic growth in FY24
  • Expecting better outlook Q2 onwards in developed markets and Q3 should be a high growth quarter.
  • Evaluating Inorganic growth opportunity since last 6months. Focusing on Gaming sector as currently contributing only 10% to our revenue where as for other global players it is 50% to 80%
  • Industry serving – “E” E-commerce, Edtech, Entertainment, “F” Fintech, FMCG, Foodtech, “G” Gaming, Government, Groceries, “H” Healthtech, Hospitality & Travel
  • Case Study 1 – Tata 1mg

  • Case Study 2 – Rei de Pitaco (Brazil)

  • Case Study 3 – Alive by AIA (Thailand)



Affle Investor Presentation

Affle Concall Recording