Tinybeans Group Ltd. (AU:TNY) has released an update.
Tinybeans Group Ltd reports a significant 35.8% drop in revenues to $5.42 million, with losses decreasing by 33.6% to $4.49 million in the fiscal year ended June 30, 2024. Despite challenges in the US advertising market, the company saw a 40% growth in paid subscription revenue, aided by a price increase and a high renewal rate. The company is focusing on expanding its subscription base while implementing cost management strategies, leading to a reduction in total expenses.
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