The Times Australia
News From Asia

.

Appier accelerates growth in third quarter with all-time highs in revenue and operating profit

Positive revision of full-year guidance as the company demonstrates profitable growth, strong performance, and accelerated business momentum

TAIPEI, TAIWAN - Media OutReach - 13 November 2023 -

Highlights and achievements of Q3 FY23

  • Revenue increased by 39% YoY to reach an all-time quarterly high of JPY 7.1 billion
  • Gross profit reached a historical high of JPY 3.7 billion with a 38% YoY growth rate, while gross margin improved to 52.6%
  • Operating income expanded over 60 times YoY to JPY 314 million, with operating margin at a historical high of 4.4%
  • Revenue from US and EMEA markets accelerated to 117% growth YoY, representing 20% of total revenues from 13% a year ago
  • Upward revision of full-year forecast from JPY 25.5 billion to JPY 26.2 billion, with YoY revenue growth rate further accelerated to 35% from 31%
  • Raised full-year operating income to JPY 0.7 billion, up 32% from JPY 0.54 billion, with operating margin to 2.7% from 2.1%

Surpassing guidance and achieving revenue and operating profit record highs

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its earnings results for the third quarter of the fiscal year 2023.

Building on a remarkable Q2 performance, the company reports a surge in key financial indicators, exceeding projections for both revenue growth and profits. Appier continued to outpace its full-year guidance, with quarterly revenue soaring to an all-time high of JPY 7.1 billion with a 39% YoY growth. Furthermore, Appier’s operating income expanded over 60 times compared to the same period last year.

The company's revenue and operating profit grew strongly at the same time, reporting gross margins of 52.6% and achieving a historically high operating margin of 4.4%. This was primarily driven by its continuous efforts in R&D and innovation in the past quarters and successful geographical expansion. This growth also underscores Appier's unwavering commitment to delivering sustainable and profitable results, as well as offering exceptional benefits for its valued customers with proprietary technology and solution synergies.

Strong customer traction and demand across Northeast Asia, the US and EMEA markets

Appier’s key regions demonstrated outstanding performance this quarter, with the US and EMEA regions taking the lead in robust growth to witness a remarkable 117% YoY surge in revenue. This also substantially elevated their contribution to 20%, in contrast with the previous year's 13%. In Northeast Asia (63%), Appier sustained robust growth across industries with approximately 40% YoY revenue expansion.

New guidance amid accelerated growth and positive profit outlook

In light of Appier’s profitable growth, strong performance, and accelerated business momentum achieved over the past three quarters, the company has announced a positive revision of its FY23 guidance. The revenue target for FY23 has been raised to JPY 26.2 billion, demonstrating a significant YoY growth rate increase from 31% to 35%. In parallel, operating income has been elevated to JPY 0.7 billion, marking an increase of 32% from JPY 0.54 billion, with the operating margin increased to 2.7% from 2.1%.

“Appier's notable expansion this quarter can be attributed to our robust and distinctive product offerings, which consistently deliver proven returns on investment to our customers. Our technology moat helps us to establish a unique market position, spanning various verticals and regions, empowering us to excel in the marketing domain and deliver unmatched value,” said Dr. Chih-Han Yu, CEO and Co-Founder, Appier.

Leveraging proprietary technologies to gain a competitive edge

Appier recently introduced a series of revolutionary product updates that harness the combined capabilities of generative AI and decision-making AI, reshaping the landscape of data-driven marketing. By embracing AI as the next-gen UI, brands can harness Appier's technology moat to achieve ROI-driven outcomes. This involves unlocking the productivity potential of generative AI and capturing valuable business insights through decision-making AI, resulting in a wide array of performance improvements, ranging from foundational to advanced, seamlessly adaptable to brands’ unique business requirements. Appier's unwavering commitment to the power of AI continues to set the stage, enhancing ROI, productivity, and personalization, underlining the philosophy that AI stands as the cornerstone of modern marketing.

A standout feature of both CrossX and AIQUA is the ability to auto-generate high ROI-driven content through its proprietary AI technology, resulting in dynamic creative backgrounds and compelling marketing messages. Furthermore, Appier’s intuitive AIQUA User Journey Co-Pilot empowers brands to effortlessly customize effective journey templates tailored to individual marketing requirements. CrossX elevates the user experience by providing personalized images at scale and expanding interests through the combined power of generative and decision-making AI. This reinforces Appier’s commitment to empowering brands in delivering tailored recommendations and experiences for every individual user.

These updates seamlessly integrate the autonomous content creation capabilities of generative AI with the performance evaluation precision of decision-making AI, providing businesses with a competitive edge in the marketing domain.
Hashtag: #Appier #ArtificialIntelligence #GenerativeAI #MarTech #earnings #Q3


The issuer is solely responsible for the content of this announcement.

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier now has 17 offices across APAC, Europe and US, and is listed on the Tokyo Stock Exchange. Visit for more company information and visit for more IR information.

Times Magazine

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Times Features

Tricia Paoluccio designer to the stars

The Case for Nuturing Creativity in the Classroom, and in our Lives I am an actress and an artist who has had the privilege of sharing my work across many countries, touring my ...

Duke of Dural to Get Rooftop Bar as New Owners Invest in Venue Upgrade

The Duke of Dural, in Sydney’s north-west, is set for a major uplift under new ownership, following its acquisition by hospitality group Good Beer Company this week. Led by resp...

Prefab’s Second Life: Why Australia’s Backyard Boom Needs a Circular Makeover

The humble granny flat is being reimagined not just as a fix for housing shortages, but as a cornerstone of circular, factory-built architecture. But are our systems ready to s...

Melbourne’s Burglary Boom: Break-Ins Surge Nearly 25%

Victorian homeowners are being warned to act now, as rising break-ins and falling arrest rates paint a worrying picture for suburban safety. Melbourne residents are facing an ...

Exploring the Curriculum at a Modern Junior School in Melbourne

Key Highlights The curriculum at junior schools emphasises whole-person development, catering to children’s physical, emotional, and intellectual needs. It ensures early year...

Distressed by all the bad news? Here’s how to stay informed but still look after yourself

If you’re feeling like the news is particularly bad at the moment, you’re not alone. But many of us can’t look away – and don’t want to. Engaging with news can help us make ...