Dotdigital Group plc
(“Dotdigital” or the “Group“)
Interim results for the six months ended 31 December 2024
Dotdigital Group plc (AIM: DOTD), the leading SaaS provider of an all-in-one customer experience and data platform (CXDP), announces its unaudited interim results for the six months ended 31 December 2024 (“H1 FY25”).
Financial Highlights
- Group revenue increased 10% to £42.4m (H1 FY24: £38.7m) in constant currency
- Recurring and repeating revenue as a percentage of total revenue was 95% (H1 FY24: 94%) and contracted recurring revenue represents 80% of total revenue (H1 FY24: 79%)
- ARPC1 increased 12.1% to £1,916 per month (H1 FY24: £1,709 per month)
- Adjusted EBITDA2 of £13.8m up 11% from £12.4m
- Adjusted profit before tax3 growth of 12% to £10.0m (H1 FY24: £8.9m)
- Net cash balance of £45.7m on 31 December 2024 (H1 FY24: £37.1m)
Operational Highlights
- Continued demand for Dotdigital and Fresh Relevance capabilities in line with market trends, with added we personalisation capabilities enabling higher value and larger customer wins
- Growth in all geographic regions with international revenue now representing 32% of total revenue
- Continued execution against the Group’s product roadmap, with new product innovation developments including the trial phase of the Group’s native WhatsApp channel ahead of launch in H2
Milan Patel, CEO of Dotdigital, commented:
“The first half of FY25 was a pleasing period of double digit revenue and profit growth alongside execution against our product roadmap.
With an increasing market focus on data, personalisation and artificial intelligence functionality, the organic and inorganic investments into our platform in recent years have aligned us well with demand. We reported continued growth across all geographic regions, and we are seeing an increasing pipeline in EMEA and now North America and APAC, for the capabilities brought about by the acquisition of Fresh Relevance.
We continue to focus on enhancing our offering, with the upcoming launch of our WhatsApp native channel representing an exciting opportunity for customers to further engage with increasingly mobile-first audiences.
We enter the second half trading in line with expectations for the full year, and remain confident in our long-term growth prospects.“
Analyst Briefing and Investor Presentation
Analyst briefing: Management will be hosting a live online presentation for analysts today at 9am GMT. To register to attend the analyst presentation, please contact dotdigital@almastrategic.com.
Live presentation to investors: Management will host a live online presentation to investors via the Investor Meet Company platform on Friday, 28 March 2025 at 09.30am GMT. The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and add to meet Dotdigital via this link.
Notes
1: ARPC: Average revenue per customer (including new customers added in the period and existing customers) based on our December billing
2: Adjusted EBITDA Earnings before interest, tax, depreciation and amortisation, adjusted for exceptional items such as amortisation of acquired intangibles and share based payments
3: Adjusted Profit before tax: Profit before tax adjusted for exceptional items and share based payments
4: Consensus market expectations for the year to 30 June 2025 at the time of publication are as follows: Revenue of £86.2m, Adjusted profit before tax of £18.1m, Adjusted EBITDA of £26.7m