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Webuy Global Ltd. (Nasdaq: WBUY) Reinstated Listing on Nasdaq Capital Market and Returns to Profitability with Strong First Quarter Growth in Travel
Webuy Webuy (US:WBUY) GlobeNewswire News Roomยท2025-05-08 10:30

Core Viewpoint - Webuy Global Ltd. has successfully reinstated its listing on the Nasdaq Capital Market, marking a significant milestone in its recovery strategy and operational momentum [1][2]. Company Performance - The company has regained compliance with Nasdaq's minimum bid price requirement, following a comprehensive recovery strategy that included reverse stock splits and a successful appeal [2]. - In Q1 2025, Webuy reported substantial growth, particularly in its travel vertical, with over US$2.6 million in travel bookings, a 45% increase year-over-year [3]. - The travel business in Indonesia generated approximately US$1.25 million in revenue in Q1 2025, a remarkable increase of over 2,160% compared to US$55,000 in Q1 2024 [3]. Strategic Focus - The CEO emphasized the company's commitment to scaling high-margin verticals, enhancing its technology platform, and driving long-term shareholder value [4]. - Webuy plans to leverage its Nasdaq relisting to accelerate strategic initiatives across Southeast Asia, focusing on AI-driven e-commerce tools and community engagement [4]. Company Overview - Webuy Global Ltd. is a technology-driven company transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and community-led engagement [5].