Business
HUG: Record profitability and strong cash returns achieved despite revenue decline, led by D2C growth
HUG: Record profitability and strong cash returns achieved despite revenue decline, led by D2C growth
About this update from Huuuge, Inc.
Adjusted EBITDA rose 10% YoY to $96M with a record 40.8% margin, while net profit increased 11.8% to $73.1M despite a 6.1% revenue decline, driven by D2C channel growth and cost discipline. A $120M share buyback and new policy to return 50–100% of free cash flow to shareholders were implemented.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.