Affle (India) Limited Q3 & 9M FY2024 Earnings Conference Call February 05, 2024
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Our 15-gen AI patent filings have strengthened our intellectual capital and the Rs. 7.5 billion recently raised cash capital has strengthened our financial balance sheet
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We consciously invested in new product use cases and ecosystem-level partnerships to unlock premium inventories and touch points on connected devices including CTV, Apple SKAN, iOS App Store, and other OEM app stores both in India and international markets. This was the first significant step towards our long-term strategic direction as the premium converted users enable higher lifetime value for advertisers
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We continued to enhance our consumer-centric platform offerings progressively delivering stronger than ever quarterly EBITDA of Rs. 967 million and PAT of Rs. 768 million. Our CPCU business
delivered about 84 million conversions during the quarter, at a CPCU rate of Rs. 57.0 helped us achieve CPCU revenue of Rs. 4.77 billion, an increase of 38.2% y-o-y and 19.2% q-o-q -
We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in broad-based growth in our CPCU business in global emerging markets.
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Our growth in Developed Markets together with YouAppi was about 67% y-o-y and 14% q-o-q
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While most of the other industry players are adopting Gen AI to optimize human capital and cost, Affle is investing in Gen AI-powered innovations to go much beyond cost efficiencies to enable long-term revenue growth and competitive advantages
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We filed 15 new patents in India during Q3. These patents power futuristic use cases of interaction, training, and integration of Gen AI agents and cover advanced AI areas including personalization & recommendation, predictive analysis, privacy, and enhanced fraud detection
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We have included 3 case studies, which are focused on travel, food tech, and e-commerce conversions for a global FMCG company
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Our Affle2.0 Consumer Platform Stack continues to be recognized in the industry as the top performer and we recently won top rankings and awards across various industry forums and indexes.
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