US EditionSabio Announces Audited 2024 Results, Achieves Record Revenues and Adjusted EBITDA Profitability
- Sabio achieved record revenues of US$49.6 million in FY2024, a 38% increase from the previous year, with a gross margin of 62%.
- The company generated US$3.8 million in Adjusted EBITDA in FY2024, compared to a loss of US$1.8 million the previous year, achieving an Adjusted EBITDA margin of 8%.
- Sabio's ad-supported streaming sales grew by 60% to US$38.6 million in FY2024, representing 78% of the company's sales mix, up from 67% in 2023.
- CEO Aziz Rahimtoola noted that strong revenue growth, a leaner cost structure, and a strengthened balance sheet enable investments that drive growth.
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Napa Valley Register+22 Reposted by 22 other sources
Sabio Announces Audited 2024 Results, Achieves Record Revenues and Adjusted EBITDA Profitability
Strong revenue growth, leaner cost structure and strengthened balance sheet are enabling investments to drive 2025 growthAchieved record full-year consolidated revenues of US$49.6 million in FY2024, an increase of 38% from the prior year, with a gross margin of 62%.Generated…
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