Iclick Interactive Asia ( (AMBR) ) has released its Q2 earnings. Here is a breakdown of the information Iclick Interactive Asia presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Amber International Holding Limited, operating under the brand ‘Amber Premium,’ is a prominent provider of institutional crypto financial services and solutions, focusing on digital wealth management in Asia. In its latest earnings report, Amber International announced a record-breaking quarter with total revenue reaching $21.0 million, driven by significant growth in its wealth management solutions. The company achieved a gross profit of $15.0 million, reflecting the success of its institutional-first strategy and the scalability of its digital platform.
Key financial highlights include a 2,317.9% year-over-year increase in total revenue, with wealth management solutions contributing $11.5 million. The company also reported a 35.7% growth in client assets and a 20.8% increase in cumulative KYC’ed users, underscoring strong client trust and engagement. Strategic initiatives such as tokenization, innovative financial products, and AI integration are positioning Amber International at the forefront of digital asset innovation.
Despite an operating loss of $0.8 million, the company showed improvement from the previous year’s loss, supported by increased gross profit and operating leverage. The adjusted EBITDA turned positive at $0.2 million, compared to a loss in the prior year, highlighting improved financial efficiency. Amber International’s strategic focus on bridging traditional finance with decentralized finance (DeFi) through initiatives like AMBR tokenization and real-world asset tokenization is expected to drive sustainable growth.
Looking ahead, Amber International is poised to continue its expansion as a leading digital wealth management platform, leveraging its technology-driven vision and strategic partnerships. The company remains optimistic about its role as a gateway for institutional digital asset adoption, aiming to deliver long-term value for its stakeholders.