Core Insights - Pop Culture Group Co., Ltd. achieved consolidated total revenue of over US$47.38 million for the fiscal year ended June 30, 2024, marking a 56% year-on-year increase [1] - The company reported a turnaround in gross profits, moving from negative US$3.66 million in the previous fiscal year to positive US$2.88 million [1] Brand Promotion Services - The brand promotion business increased by over 310% year-on-year, contributing 83.6% of total revenue and 66% of total gross margin [2] - The establishment of the CPOP multi-channel network (MCN) agency has enhanced content output and online promotion efforts, collaborating with 122 KOLs who have a combined audience of approximately 45 million [2] - Partnerships with major brands, including Coca-Cola, have been secured, indicating a profitable business model [2] Event Hosting Business - As a leader in hip-hop culture, the company is developing a SaaS service platform for sports and art education, with over 3,990 hip-hop dance campuses and nearly 250,000 students engaged by January 2024 [3] Event Planning and Execution Business - The company has successfully organized concerts and released digital collections, generating US$153,888 from this segment [4] - Significant investments in film and television projects are ongoing, with expectations for successful outcomes [4] - The "Super Music Hero" concert series attracted over 25,000 attendees in Fuzhou and more than 35,000 in Chongqing [4] Future Outlook - In 2025, the company plans to increase investments in content creation and performing arts, anticipating substantial revenue growth and a return to pre-pandemic net profit levels [5] - The fiscal year ending June 30, 2025, will mark the conclusion of the first five years post-IPO on the Nasdaq, with a continued focus on high-profit growth areas like brand promotion [5]
Pop Culture Announces Improvement in Overall Operations During the Fiscal Year Ended June 30, 2024