Gogolook (6902) Q4 2024 earnings summary

Executive summary

• Audit confirms fair presentation of consolidated financials for 2024 and 2023 under IFRS.

• Business expanded with the acquisition of Ecommerce Operations B.V., enhancing anti-fraud services.

• Revenue growth driven by Trust Cloud subscriptions and business services, despite a decline in digital advertising revenue.

Financial highlights

• Operating revenue rose to $866,850 thousand in 2024 from $774,343 thousand in 2023 (year-over-year).

• Net loss of $39,658 thousand in 2024, compared to net income of $5,104 thousand in 2023.

• Gross profit increased to $785,539 thousand (91% margin) from $707,802 thousand (92% margin).

• Operating expenses surged to $838,957 thousand (97% of revenue), up from $695,996 thousand (90%).

• Basic and diluted losses per share were $(1.24) in 2024, compared to earnings per share of $0.16 in 2023.

Outlook and guidance

• Management expects no significant impact from new IFRS standards effective in 2025 and beyond.

• IFRS 18 will introduce new disclosure requirements, but no material financial effect is anticipated.