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Sabio Delivers 11% Q2-2023 Revenue Growth, Led by 57% Increase in Connected TV/OTT Sales
Sabio Delivers 11% Q2-2023 Revenue Growth, Led by 57% Increase in Connected TV/OTT Sales ...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n \n \n \n Sabio Delivers 11% Q2-2023 Revenue Growth, Led by 57% Increase in Connected TV/OTT Sales\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Revenues of\n \n US$8.0 million\n \n in Q2-2023, up 11% compared to\n \n US$7.2 million\n \n in Q2-2022\n \n \n \n \n Connected TV/OTT sales as a category increased by 57% to\n \n US$5.0 million\n \n , compared to\n \n US$3.2 million\n \n in the prior year's quarter\n \n \n \n \n Gross Margin increased to 60% Q2-2023 from 59% in Q2-2022\n \n \n \n \n Continues to gain market share as Connected TV/OTT revenues continue to outpace key competitors and industry averages\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Aug. 21, 2023\n \n \n /CNW/ --\n \n Sabio Holdings Inc\n \n . (TSXV: SBIO)(OTCQX: SABOF) (the\n \n \"Company\"\n \n or\n \n \"Sabio\"\n \n ), a leading provider of connected TV (\"CTV\")/over-the-top (\"OTT\") advertising platforms validated by performance, is pleased to announce its unaudited financial results for the second quarter ended\n \n June 30, 2023\n \n .\n \n Unless otherwise indicated, all amounts are expressed in U.S. dollars.\n \n \n \n \n \n \n \n \n \n \n \"We are pleased to have once again delivered double-digit revenue growth in a challenging economic environment, led by a 57% increase in our CTV/OTT business,\" said\n \n Aziz Rahimtoola\n \n , Chief Executive Officer. \"Supported by our highly differentiated, end-to-end CTV/OTT technology stack, under which the majority of Sabio's CTV impressions are delivered through direct supply, we continue to gain market share and outpace industry averages\n \n 1\n \n in the category.\"\n \n \n \n Sajid Premji\n \n , Chief Financial Officer, added, \"In a testament to the stability and scalability of our sales ...