Singapore, November 14, 2014 -- /EPR NETWORK/ -- Singapore main board listed YuuZoo Corporation Limited (“YuuZoo”) (SGX: AFC), one of the world’s fastest growing social e-commerce companies, today reported a stellar set of inaugural financial results after listing on the main board of the Singapore Stock Exchange on 16 September 2014.
Thomas Zilliacus, Chairman and CEO of YuuZoo said, “I am extremely pleased to present a very strong set of results for the nine months ended 30 September 2014. EBITDA of YuuZoo’s business grew by 367% compared with the corresponding period in 2013, through a combination of new high-margin revenues and lower cost of sales. EPS grew 230%, and top line revenue grew 26%, through a combination of franchise revenue, network development revenue, payment revenue and e-commerce revenue.
As evident from the numbers, we are on a very strong trajectory. For the fourth consecutive year, YuuZoo’s revenue and EBITDA have improved. The number of franchisees, partners and resellers is growing strongly. In the first nine months we have grown our access to over 65 million registered users and over 700 million TV viewers from 37 million registered users and no TV viewers in the corresponding period in 2013. Our payment merchants have grown from 7 in the corresponding period in 2013 to over 100 today. The growth in users, viewers and merchants all lays the groundwork for strong e-commerce, advertising and payment revenues in the near future. We have branched into the massively lucrative gaming market with the partnership with Thailand-based Sandbox, a leading mobile and online game developer. We have every reason to believe that the growth will continue strong in Q4 and beyond.”
YuuZoo was listed on the main board of the Singapore Stock Exchange in September 2014.
The company combines e-commerce, social networking and gaming in one integrated “virtual shopping mall” concept, offered to consumers in a mobile-optimized model that is localised for each market in the digital space under a unique franchisee model. In addition to franchisees and resellers, where YuuZoo collects both a franchise fee and a revenue share from the franchisees and pays a commission to resellers, YuuZoo, in the first nine months of 2014, introduced joint venture and partnership models. Under this model, YuuZoo provides everything but the local marketing, which is handled by the local partner.
In July 2014, YuuZoo under this new partnership model secured exclusive partnership with Great Sports Media Co Ltd (“GSM”), the wholly-owned Sport, Lifestyle and Causal Gaming division of Shanghai Media Group, China’s second largest TV network. Under the agreement, YuuZoo is developing, for China, a fully localised version of its virtual shopping mall (www.yuuzoo.cn), which GSM will market to its target audience of over 700 million TV viewers in China.
Already prior to the signing of the new partnership agreement in China and the announcement of the Q3/2014 set of results YuuZoo was by Houlihan Lokey (the number 1 global M&A fairness advisor over the last 10 years) valued at between S$333 million and S$525 million.
Outlook for FY2014
“We are confident of continued strong growth in Q4”, says YuuZoo Corporation chairman and CEO Thomas Zilliacus. “The company is in discussions with leading TV networks and franchisees in several markets in order to launch its business model across the world. Existing agreements are likely to generate growth and recurring income in e-commerce, payments, gaming and network developments, while discussions with new potential franchisees and clients are likely to generate new franchise and network development revenue”, he concludes.
Contact-Details: YuuZoo Corporation
Aru Adil Sayed
Head of Corporate Communications
DDI: +65-6577 0666