Latest news with #AED333.5
Hi Dubai
11-03-2025
- Business
- Hi Dubai
Yalla Group Reports AED1.2 Billion Revenue in 2024
Yalla Group Limited has announced its full-year revenue for 2024, reaching AED1.2 billion ($339.7 million), marking a 6.5 percent increase from AED1.1 billion in 2023. The company's growth trajectory was reinforced by a robust fourth-quarter performance, with revenue surging 12.2 percent year-over-year to AED333.5 million ($90.8 million). Net income for the quarter climbed 9.7 percent to AED119.4 million ($32.5 million), underscoring Yalla's strong financial position. The company maintained a solid net margin of 35.8 percent, with a non-GAAP net margin of 39.3 percent, reflecting its continued efficiency in monetisation. Yang Tao, Founder, Chairman, and CEO of Yalla, attributed this success to the company's dedication to enhancing user experiences and streamlining operations. 'This outstanding performance is a testament to our commitment to enhancing user experiences and optimising operational efficiency, leading to a 26.0 percent year-over-year increase in operating profitability,' he stated. Yang also highlighted the role of artificial intelligence in shaping the company's future, as Yalla continues to integrate AI-driven solutions to create more interactive digital experiences. With a steady growth momentum and strategic focus on innovation, the company is poised for sustained expansion in the evolving digital landscape. News Source: Emirates News Agency
Zawya
11-03-2025
- Business
- Zawya
Yalla Group reports record revenues of $326mln in 2024
DUBAI - Yalla Group Limited reported full-year revenue of AED1.2 billion ($339.7 million), a significant increase of 6.5 percent from AED1.1 billion in 2023. This follows a solid fourth-quarter performance with revenue climbing 12.2 percent year-over-year to AED333.5 million ($90.8 million), reflecting continued growth in user engagement and monetisation efforts. Net income for the quarter rose 9.7 percent to AED119.4 million ($32.5 million), while the company maintained a robust net margin of 35.8 percent and a non-GAAP net margin of 39.3 percent. Commenting on the results, Yang Tao, Founder, Chairman and CEO of Yalla, said, 'This outstanding performance is a testament to our commitment to enhancing user experiences and optimising operational efficiency, leading to a 26.0 percent year-over-year increase in operating profitability.' He added that AI is revolutionising the digital landscape as the group leverages its capabilities to create more interactive experiences for its users.
