Sabio Delivers Double-Digit Q1-2023 Revenue Growth - Record first quarter revenues of US$6.5 million in Q1-2023, up 16% compared to US$5.6 million in Q1-2022
- Connected TV/OTT sales increased by 63% to US$3.8 million, compared to US$2.3 million in the prior year's quarter
- Gross margin increased to 62% in Q1-2023 from 61% in Q1-2022
- Continues to gain market share while recognizing record first quarter Connected TV/OTT revenues from new logos; Sabio expects Connected TV/OTT revenues to outpace key competitors and industry averages in 2023
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TORONTO, May 30, 2023 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO)(OTCQX: SABOF) (the "Company" or "Sabio"), 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 first quarter ended March 31, 2023. Unless otherwise indicated, all amounts are expressed in U.S. dollars.
Sabio Delivers Double-Digit Q1-2023 Revenue Growth, Led by 63% Increase in Connected TV/OTT Sales (newswire.ca)