Increasing business momentum lays a solid foundation for second quarter onwards

Highlights and achievements of Q1 FY23

• Revenue increased by 32% YoY to reach JPY 5.6 billion
• Gross profit reached JPY 2.8 billion with a 32% YoY growth rate
• EBITDA profit increased by 60% YoY with 8% margin on a FX-neutral basis
• Achieved 24.4% YoY growth in customer numbers with last twelve months net revenue retention of 133.8% on FX neutral basis, and a customer churn rate of 0.608%

Read more: Appier exceeds first quarter projection, reports robust earnings growth