- 12 May 2025
- ICICIdirect Research
AFFLE IN Q4FY25 REPORTED REVENUES OF ₹602.3 CRORE
AFFLE - 1959 Change: 32.20 (1.67 %)News: Affle in Q4FY25 reported revenues of ₹602.3 crore, up 19% YoY. Consumer Platform CPCU business (99.7% of revenue mix) recorded revenue of ₹600.7 crore, up 19% YoY driven by an increase in converted users by 0.7% QoQ/ 17.6% YoY to 104 mn users, while average CPCU came in flat QoQ & grew by 1.4% YoY to ₹57.8. EBITDA for the quarter stood at ₹134 crore, up 37% YoY, translating to an EBITDA margin of 22.2%, up ~40 bps QoQ and 280 bps YoY. PAT at ₹103 crore, was up 18% YoY. In FY25, the company reported revenue of ₹2,266.3 crore, up 23% YoY. The consumer platform CPCU business reported revenue of ₹2.256.8 crore, up 28% YoY driven by growth in both converted users (+25.6% YoY at 393 million users) and average CPCU (up 2.3% YoY to ₹57.5). EBITDA stood at ₹ 483.2 crore, up 34% YoY, translating to margin of 21.3%, up ~180 bps YoY. PAT for FY25 stood at ₹382 crore, up 28.5% YoY.
View: While revenue saw only a marginal sequential uptick (given the seasonality), margins improved steadily, both YoY and QoQ. Its performance was driven by the continued outperformance of its differentiated CPCU business model and favorable industry dynamics, with key verticals maintaining strong momentum. The company has reinforced its long-term strategy centered on Innovation, Impact, and Intelligence—shifting focus toward intelligence as a key growth lever for its 10x decadal growth which shall be driven by personalised ads and GenAI powered creative use cases. Management commentary on near-term demand trends and growth outlook is awaited.
Impact: Positive