Profitability up 44% to €121.4 million, 1.5 million new members added
BARCELONA, May 30, 2024–(BUSINESS WIRE)–
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Outstanding financial delivery with a strong balance sheet
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Profitability1 soared to €121.4 million, up 44% from €84.4 million last year.
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Sustained revenue2 growth, up 9% to €676.1 million and sharply improved marginal profit3, up 32% to €217.3 million.
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Adjusted net income reached €22.9 million.
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Subscription model drives sustained growth and long-term value
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Membership surged by 34%, with a remarkable 1.5 million new Prime members added in the last 12 months alone, now topping 5.8 million.
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Membership growth continues to be sustained over time: 3 million subscribers joined Prime in the last 24 months alone.
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eDO is now fully a subscription business as 76% of its profits4 come from Prime.
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Business model delivers increased financial flexibility to enable further growth
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Predictable and stable subscription model enhances financial flexibility and enables investments for future…
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