Business
HUG: Profit margins rose despite revenue decline, with D2C and product updates set to drive growth
HUG: Profit margins rose despite revenue decline, with D2C and product updates set to drive growth
About this update from Huuuge, Inc.
Q3 2024 saw a 17.5% year-over-year revenue decline but a sequential rise in Adjusted EBITDA margin to 36%, driven by strict cost control and D2C channel growth. Major product updates and further D2C expansion are expected to boost performance in late Q4 and early 2025.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.