Freightos Limited ( (CRGO) ) has released its Q1 earnings. Here is a breakdown of the information Freightos Limited presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Freightos Limited is a vendor-neutral global freight booking platform that connects airlines, ocean carriers, freight forwarders, importers, and exporters to streamline international trade.
In its latest earnings report, Freightos Limited announced record transactions for the first quarter of 2025, highlighting the company’s strong momentum in the digital transformation of the freight industry despite ongoing tariff uncertainties.
The company reported facilitating 371,000 transactions in Q1 2025, marking a 25% year-over-year growth and surpassing management’s expectations. Additionally, the Gross Booking Value (GBV) reached $276 million, a 43% increase from the previous year. Freightos also expanded its network to 71 carriers and saw a 10% rise in unique buyer users, demonstrating the platform’s growing reach and influence.
Freightos’ strategic focus on expanding its digital platform and enhancing its global network has positioned it as a leader in the digital freight booking space. The company’s ability to attract new carriers and buyers underscores its robust network effects and scalability.
Looking ahead, Freightos remains optimistic about the vast growth opportunities in the digital freight sector, despite potential impacts from changing trade policies. The company continues to lead the digital transformation, providing essential tools and data to facilitate smoother global trade.