YOC AG's Profitable Growth in 2023: AI Development & Global Expansion for VIS.X Platform

• YOC AG, an ad tech company, increased its consolidated revenue by around 31% to EUR 30.6 million in the financial year 2023.
• The company's operating earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by around EUR 0.9 million to EUR 4.4 million.
• YOC AG expanded its international presence and its platform and product offerings, contributing to its growth.
• The company entered the Northern European market through the acquisition of Nostemedia Oy, which was renamed YOC Finland Oy and contributed approximately 20% to the overall growth.
• YOC AG integrated the VIS.X Artificial Intelligence (VIS.X AI) into its technology platform, improving performance metrics for advertising customers.
• The company introduced the YOC Universal Video Solution based on VIS.X AI, which automatically converts video formats into various high-impact advertising formats for maximum visibility and attention.

The next important date, Publication Annual Financial Report, at YOC is on 29.04.2024.

The price of YOC at the time of the news was 15,800EUR and did not change compared to the previous day.
2 minutes after the article was published, the price was 16,100EUR this corresponds to a plus of +1,90 % since publication.

YOC

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ISIN:DE0005932735WKN:593273

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