Dat and insights provider Pureprofile has announced a record half-yearly group revenue of $24m for H1 FY24, marking an 8% increase on the prior corresponding period (pcp). The growth was largely driven by record revenue from the Data & Insights and Platform businesses.

The company's platform revenue saw a significant surge, growing by 104% on pcp, largely due to an increase in panellists recruited from Audience Builder partnerships and increased client adoption of the platform. The Rest of World (including Platform) revenue growth was up 22% on pcp. The company's EBITDA (excluding significant items) of $2.4m was up 6% on pcp. On a like-for-like basis, EBITDA was up 21% on pcp.

Significant items, including restructuring & acquisition costs and equity share-based payments, totalled $0.7m. The ANZ revenue hit $14m, on par with H1 2023 results. The Data & Insights business saw a 22% revenue growth on pcp in Rest of World, with significant revenue growth in India of 92%, SEA of 56% and EU of 11% on pcp respectively.

The company reported that 795 clients commissioned projects with Pureprofile in the 12 months to 31 December 2023, up from 784 clients in the pcp. This represents a 13% uplift in project volumes on pcp. Group revenue for Q2 FY24 was $11.8m, up 1% on pcp. EBITDA (excluding significant items) of $0.9m, was down 21% on pcp. On a like-for-like basis, EBITDA was up 9% on pcp.

The ANZ revenue was down 5% on pcp, impacted by a softer trading environment in October. In November, the company secured a new debt facility with a big four Australian bank at favourable commercial terms. Mark Heeley was appointed as a Non-executive director in October. Mark was an early investor and director of Brandwatch, serving as chairman for 12 years.

CEO of Pureprofile, Martin Filz, commented on the results, "Regardless of the softer October/November trading conditions, we are delighted with the H1 results. Revenue growth of 8% on pcp and like-for-like EBITDA growth of 21% (excl. significant items), highlights the underlying momentum in our global business and underlying margin expansion. Platform continued its strong revenue growth trajectory in Q2, up 78% on pcp. Rest of World revenue growth continued to be strong in the half, up 22% and contributed 42% of the group revenue, which is the largest revenue share to date. The results continue to show that at Pureprofile we have industry leading teams delighting our clients."