1.2 billion dirhams revenues "Yalla group" During 2024
Abu Dhabi, March 11/ WAM/ The Yalla Group Ltd. during 2024 recorded revenues of 1.2 billion dirhams “339.7 million dollars” with a growth of 6.5% compared to 1.1 billion dirhams in 2023.
According to the financial data announced by the group today, Yalla continued its focus on supporting the march of its growth, as the revenues of the last quarter of last year increased by 12.2% to reach 333.5 million dirhams “90.8 million dollars”, compared to the same period in the previous year, which confirms the group’s financial performance strength and its ability to achieve standard profits driven by the constant momentum in its work.
The company’s net profit increased to 119.4 million dirhams “32.5 million dollars”, a growth of 9.7% compared to the same period in the previous year.
“Yalla” achieved a clear profit margin of 35.8%during the last quarter of the past year, which reflects its ability to achieve strong revenues while maintaining high efficiency in managing expenses.
Yang Tao, founder, CEO and Chairman of the Yalla Group, said that the group’s achievement of this financial performance reflects the commitment to improving the user experience and enhancing operational efficiency, which contributed to the group’s operational profitability of 26 % on an annual basis.
He added that artificial intelligence plays a pivotal role in reshaping the digital scene, as the group works to harness its capabilities to create more interactive experiences for its users.
For his part, Saifi Ismail, head of the group, said that the results achieved by the group during the fourth quarter reflects the success of its strategy in achieving the balance between profitability and sustainable growth.
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