Perfect Corp Q3 Earnings: Revenue Growth Fueled by AI, AR Solutions & Record YouCam Subscribers
Portfolio Pulse from Anusuya Lahiri
Perfect Corp (NYSE:PERF) reported Q3 earnings with a 10.8% revenue increase to $16.1 million, driven by AI and AR solutions and YouCam app subscriptions. Despite missing revenue estimates, adjusted net income rose by 20.6% Y/Y. The company anticipates 12%-14% revenue growth for 2024.
October 29, 2024 | 10:46 am
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Perfect Corp reported a 10.8% increase in Q3 revenue to $16.1 million, driven by AI and AR solutions and YouCam app subscriptions. Despite missing revenue estimates, adjusted net income rose by 20.6% Y/Y. The company expects 12%-14% revenue growth for 2024.
The revenue growth driven by AI and AR solutions and YouCam app subscriptions is a positive indicator for future performance. Although the revenue missed estimates, the adjusted net income increase and positive outlook for 2024 suggest potential stock price appreciation.
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