Gfinity ( (GB:GFIN) ) just unveiled an update.
Gfinity PLC has reported its half-year results for the period ending December 31, 2024, highlighting significant cost reductions and a shift towards a freelance-focused business model. Despite a 52% revenue decline, the company achieved profitability in November 2024 due to extensive cost-cutting measures. Gfinity is adapting to challenges in the digital media sector, including changes in Google search reliability and the rise of large language models. The company is focusing on new tools and maintaining its strong user base in the gaming sector. Additionally, Gfinity is expanding into the AI market with its Connected IQ product, targeting the rapidly growing Connected TV advertising sector.
More about Gfinity
Gfinity PLC is a leading digital media provider, primarily focused on the gaming industry. The company offers digital media services and has recently ventured into the AI-driven advertising sector through its product, Connected IQ, aimed at enhancing online video advertising.
YTD Price Performance: 13.75%
Average Trading Volume: 56,072,866
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £3.69M
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