Webuy Global Ltd. Reports FY2024 Results and Achieves First-Ever Quarterly Profit
Webuy Webuy (US:WBUY) Globenewswire·2025-04-22 12:30

Core Insights - Webuy Global Ltd. achieved group-level profitability for the first time in Q4 2024, marking a significant milestone in its operational turnaround [2][5] - The company reported an annual revenue of $58.3 million, supported by stable performance in its core verticals [5] - Operating expenses were reduced by over 30% through disciplined cost control measures [2][5] - A reverse stock split was completed in April 2025, positioning the company for a potential relisting on Nasdaq [2][5] - The company has integrated AI-driven tools across its operations to enhance customer experience and scalability [2][5] Company Overview - Webuy Global Ltd. is a technology-driven community e-commerce and travel platform focused on Southeast Asia [3] - The company leverages advanced AI technologies to enhance its 'group buy' model, providing personalized recommendations and predictive demand analytics [3] - Webuy aims to improve the lives of millions of families in Southeast Asia by offering high-quality, affordable products, services, and travel experiences [3]