Artmarket (PRC) H2 2024 earnings summary

Executive summary

• Consolidated equity reached €32,136K as of 31/12/2024, up from €31,560K at 31/12/2023, while net income declined to €635K from €844K year-over-year.

• Revenue for 2024 was €8,357K, a slight increase from €8,209K in 2023, despite global economic and geopolitical challenges.

• The company maintained operational cost control, especially in IT, and demonstrated resilience in its business model amid energy shocks.

• Artmarket by Artprice launched its proprietary AI, Intuitive Artmarket®, in January 2025, integrating it into premium subscriptions and positioning itself as a global leader in AI-driven art market information.

• The company continues to innovate, with a roadmap for 20+ specialized AIs by 2029, and has received the “Entreprise Innovante” label twice.

Financial highlights

• Consolidated revenue for 2024: €8,357K, up 1.8% year-over-year.

• Net income for 2024: €635K, down from €844K in 2023.

• Consolidated equity increased to €32,136K from €31,560K year-over-year.

• No new significant financial items or capital increases, except for employee stock options.

Outlook and guidance

• The company expects continued growth in recurring revenue from premium AI-powered subscriptions.

• Plans to expand AI offerings, including AIDB Search Artist® and signature recognition tools, aiming for leadership in AI for the art market.

• Ongoing focus on R&D and proprietary algorithm development to drive future growth.