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WEBUY GLOBAL LTD Announces Closing of Follow-on Offering
Globenewswire· 2025-08-01 20:30
Company Overview - WEBUY GLOBAL LTD is a technology-driven company focused on transforming community e-commerce and travel across Southeast Asia, utilizing predictive AI and personalized recommendations to enhance its group-buy model [5]. Offering Details - The company announced the closing of its offering of 721,918 Class A ordinary shares and pre-funded warrants to purchase up to 100,000 Class A ordinary shares, generating gross proceeds of approximately $3 million before deducting fees and expenses [1][2]. - D. Boral Capital LLC served as the exclusive placement agent for this offering, with legal counsel provided by Ortoli Rosenstatdt LLP for the company and Hunter Taubman Fischer & Li LLC for the placement agent [2]. Regulatory Compliance - The securities were offered under an effective registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 27, 2025. Multiple post-effective amendments were filed in July 2025, with the final amendment declared effective on July 18, 2025 [3].
Webuy Global Ltd. Named One of Asia-Pacific’s Fastest-Growing Companies by Financial Times
Globenewswire· 2025-06-25 12:00
Group 1 - Webuy Global Ltd. has been included in the Financial Times and Statista's "High-Growth Companies Asia-Pacific 2025" list, recognizing its outstanding performance based on compound annual revenue growth from 2020 to 2023 [1][2] - The 2025 list highlights companies that have demonstrated exceptional resilience and innovation during global uncertainty, with Singapore leading in total entries [2] - The top sectors represented in the ranking include IT and software, financial services, and consumer platforms [2] Group 2 - Bin Xue, CEO and Co-Founder of Webuy, expressed pride in the recognition, attributing it to the company's commitment to innovation, operational excellence, and customer-centric growth [2] - Webuy Global Ltd. focuses on transforming community e-commerce and travel in Southeast Asia through a group-buy model enhanced by predictive AI and personalized recommendations [3] - The company's travel vertical offers curated itineraries and real-time support via its proprietary AI Travel Consultant, aiming to improve the lives of millions in the region [3]
Booking Holdings Q1 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2025-04-30 20:00
Core Insights - Booking Holdings (BKNG) reported first-quarter 2025 earnings of $24.81 per share, surpassing the Zacks Consensus Estimate by 43.83% and reflecting a year-over-year increase of 21.7% [1] - Revenues reached $4.76 billion, exceeding the Zacks Consensus Estimate by 3.58% and growing 8% year over year, with a 10% increase on a constant currency basis [2] Financial Performance - BKNG's earnings have consistently beaten the Zacks Consensus Estimate over the past four quarters, with an average surprise of 18.98% [1] - Adjusted EBITDA for the first quarter was approximately $1.1 billion, representing a 21% year-over-year growth and exceeding the high end of guidance by 28% [12] - Merchant revenues accounted for $2.91 billion (61.3% of total revenues), up 22.2% year over year, while agency revenues were $1.56 billion (32.8% of total revenues), down 11.3% year over year [4] Operational Highlights - The company achieved a record of 319 million room nights in the first quarter, marking the first time it exceeded 300 million in a single quarter, with a growth of over 7% year over year [5] - Total accommodation listings reached approximately 31 million, with alternative accommodations listings growing by 9% year over year to about 8.1 million [6] - Connected Trip transactions grew by 35% year over year, representing a high single-digit percentage of total transactions [7] Expense Management - Marketing expenses increased by 10% year over year, accounting for 3.8% of gross bookings, which was in line with expectations [8] - Adjusted fixed operating expenses decreased by 3% year over year, primarily due to lower general and administrative expenses [11] - Sales and other expenses as a percentage of gross bookings were 1.5%, slightly lower than the previous year, aided by efficiencies in customer service [10] Guidance - For Q2 2025, BKNG expects room night growth between 4% and 6%, gross bookings growth in the range of 10-12%, and revenue growth also between 10% and 12% [15]