Perfect Corp. reported good Q2 results, says Oppenheimer

Oppenheimer says Perfect Corp. reported good Q2 results with strength in subscription revenue growth, net income, monthly active users, and SKU count. The results show increasing profitability, and management is doing a good job driving durable artificial intelligence solutions growth, the analyst tells investors in a research note. While quarterly key customer metrics look soft, and Q2’s revenue slightly lagged Opco’s estimate, management reaffirmed 2024 revenue growth guidance, says the firm. It maintains a Perform rating but believes Perfect Corp. remains a leader in the fashion and beauty industry, and its execution is improving.