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artnet AG: Artnet Revenue Grows 15% to 12 Million USD in First Six Months of 2021 - Seite 2

Gallery Network revenues increased by 9% to 2.6 million USD as Artnet attracts new members turning to Artnet to boost their online presence and facilitate transactions. Despite improved conditions after the previous year's lockdown, galleries still struggle with high operating costs and intense competition globally. To help drive qualified traffic to member galleries, Artnet offers the popular Artist Alerts. Prospective buyers receive customized email updates about their favorite artists available at galleries, auction houses, or online sales. The number of Artist Alerts subscribers continues to grow.

Advertising revenues in the first six months increased 25% to 2.4 million USD year-over-year. Advertising clients returned forcefully in the second quarter. Luxury brands booked ad space as Covid-lockdowns were lifted and the economy recovered. Art businesses like auction houses and galleries again advertised their sales and exhibitions, many canceled in the year before.

Artnet News is the leading source of exclusive information and in-depth commentary about the art world. News traffic was up 31% year-over-year, strengthening the Artnet brand overall. The average number of monthly visitors to Artnet rose by 23% to almost 6 million. In May, Artnet introduced "Artnet News Pro", a paywall for selected articles and columns, broadening the company's revenue sources.

"As the leading online provider of information, analysis, and auctions for fine art, we advance the digitalization of the art world", said Artnet CEO Pabst.

The Six-Month Report 2021 is available at artnet.com/investor-relations/quarterly-reports.

About Artnet

Artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, Artnet's suite of industry-leading products has revolutionized the way people discover and collect art today.

The Price Database contains more than 14 million auction results from 1,900 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. Artnet Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting experience for both buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary.