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- Tinybeans Group (TNY) says it expects to see its revenue rise 40 per cent in the first quarter of Fy22, compared to Q1 FY21
- The app and web platform company for parents says it expects revenue to hit US$2.6 million (around A$3.5 million) this financial year, representing a quarterly record
- Subscription revenue is also anticipated to reach record levels in Q1 of 2022 financial year, growing over 20 per cent from the previous corresponding period
- Tinybeans says its confident we can continue to grow advertising revenues as it builds its complementary subscription revenues
- Tinybeans last traded at $1.15 at 4:20 pm AEST
Tinybeans Group (TNY) said it expects to see its revenue rise 40 per cent in Q1 FY22, compared to Q1 FY21.
The app and web platform company for parents said it expects its revenue to hit US$2.6 million (around A$3.5 million) this financial year, representing a quarterly record.
“The US$2.6M in revenues we expect this quarter represents not only significant growth from the same period a year ago, but also a 10 per cent per cent improvement from the prior quarter, despite Q1 typically being a seasonally weak period,” said Tinybeans CEO, Eddie Gellar.
Subscription revenue is also anticipated to reach record levels in Q1 of 2022 financial year, growing over 20 per cent from the previous corresponding period.
Tinybeans also said monthly active users are expected to grow to 4.4 million in the first quarter of FY22, up 9 per cent from the first quarter of FY21.
The company has already seen advertising wins from both new partners this quarter, including Microsoft, MGA Entertainment, Hills Pet Nutrition and CooperVision, representing over US$2.2 million (around A$3 million) in direct advertising contracts signed.
“We are proud to follow up our success in Q4 FY21 with what is anticipated to be another record-breaking quarter in Q1 FY22,” said Eddie Geller.
“We are confident we can continue to grow advertising revenues as we build our complementary subscription revenues.”
Tinybeans last traded at $1.15 at 4:20 pm AEST.
