Swoop Holdings Limited (AU:SWP) has released an update.
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Swoop Holdings Limited has announced a robust fiscal year 2024, with a 14% revenue increase to $88.9 million and a substantial growth in subscribers, achieving a total of 179,092. The company highlighted its significant organic growth, successful acquisitions such as Moose Mobile, and its strategic expansion into high-margin fibre infrastructure, evidenced by a $36 million contract with a key global technology company. Swoop continues to strengthen its position in the market, boasting high customer satisfaction and a move into residential fibre to complement its existing services.
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