Friday, May 20, 2022
Home Business Ateme more optimistic about its annual objectives

Ateme more optimistic about its annual objectives

(AOF) – Ateme has raised its 2022 objectives due to a solid end to the 2021 financial year, strong growth in the first quarter and the ripple effect of the NAB Show, the benchmark trade show in the sector. Video streaming and compression solutions specialist now expects revenue growth of 15-20% (on a comparable basis) for the current fiscal year (compared to previously announced growth of 10-15%) and an EBITDA close to 10 million euros (compared to a range of 5 to 10 million euros beforehand).

Ateme maintains its objective of 3 million euros in monthly recurring revenue in 2024.

The group generated revenue of €19.8 million in the first quarter of 2022, up 34% at current scope and 28% on a like-for-like basis.

Monthly Recurring Revenue (MRR) increased from 1.960 million in January 2022 to 2.011 million in April 2022. “This growth is limited, as it had been in the first quarter of 2021, due to seasonal factors, the first quarter being d ‘ordinary the least active in the year’, specifies the specialist in video compression and distribution solutions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here