(ICLK) – iClick Experiences 26% Third Quarter Income Progress, Beats Consensus

  • iClick Interactive Asia Group Ltd (NASDAQ: ICLK) reported fiscal 12 months 21 third quarter income development of 26% year-on-year to $ 86.8 million, beating the consensus of $ 86.5 million.
  • Advertising options income elevated 11% year-over-year to $ 66.6 million, whereas enterprise options income jumped 131% to $ 20.3 million.
  • Gross revenue elevated 8% year-on-year to $ 21.7 million, primarily as a result of contribution of upper margin enterprise options. iClick recorded an working lack of $ (2.3) million.
  • ADS adjusted internet revenue of $ 0.01 missed the consensus of $ 0.04.
  • Gross billings had been $ 195.4 million, up 17% year-on-year, pushed by rising demand from entrepreneurs, primarily within the vogue, meals and beverage industries, high-end and luxurious merchandise.
  • “Whereas the whole Chinese language promoting business has been affected by the altering regulatory surroundings and elevated macroeconomic uncertainties, we stay assured within the long-term development of the digital promoting business in China,” mentioned mentioned Jian “TJ” Tang, chairman, CEO and co-founder.
  • Outlook: iClick is forecasting income of $ 318 million to $ 338 million for FY21, in opposition to a consensus of $ 327 million. iClick has enterprise options income of $ 62-68 million.
  • Worth motion: ICLK shares traded up 1.31% to $ 6.585 on the final examine on Tuesday.

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