on WITBE (EPA:ALWIT)
Witbe announces its 2023 results and outlook for 2024
Witbe (Euronext Growth - FR0013143872 - ALWIT), specialist in User Experience Quality (QoE) Supervision for video services, has published its annual results for the year 2023, highlighting a turnover of 23.2 M€ down 11%, with a gross margin rate improved to 86.6%. This performance is accompanied by an EBITDA margin of 12.4%. The significant growth of 60% in Cloud revenue was a significant driver.
By detailing the outlook for 2024, the company plans to continue the operational optimization initiated, with an emphasis on profitability and the internationalization of its offers. Witbe intends to deploy its technological products, in particular by using artificial intelligence and innovations in the video advertising market to accentuate its growth.
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