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Mexico Social Commerce Market Intelligence Report 2025: Market to Surpass $10.5 Billion by 2030 - Facebook Remains the Dominant Player, with Over 90% of Social Commerce Consumers
GlobeNewswire News Room· 2025-05-15 11:44
Market Overview - The social commerce market in Mexico is projected to grow by 20.8% annually, reaching approximately USD 5.09 billion in 2025, following a robust growth period from 2021 to 2024 with a CAGR of 26.2% [2] - By the end of 2030, the market is expected to expand to around USD 10.52 billion, reflecting a CAGR of 15.6% from 2025 to 2030 [2] Consumer Adoption and Trends - High consumer adoption rates and the integration of shopping features within social media platforms are driving the rapid growth of Mexico's social commerce sector [3] - Approximately 67% of online consumers in Mexico reported making purchases via social media platforms in 2022, indicating a significant shift towards social commerce [14] Key Platforms - Facebook remains the dominant platform for social commerce in Mexico, with over 90% of social commerce consumers making purchases through it [8] - TikTok is expanding its e-commerce operations, aiming to capture a larger share of the market and appealing particularly to younger consumers [9][8] Competitive Landscape - The competitive landscape is expected to evolve with technological advancements and changing consumer preferences, with brands focusing on personalized shopping experiences and influencer partnerships [4] - The influx of local companies entering the social commerce space is intensifying competition and driving innovation [14] Regulatory Environment - Recent regulatory changes in Mexico aim to enhance consumer protection and data privacy, impacting how businesses operate within the social commerce sector [5][14] - The government has ruled out bans on major social media services, supporting a thriving digital economy and allowing businesses to leverage these platforms for sales [14] Future Outlook - The social commerce sector in Mexico is poised for continued growth, with increased competition likely driving innovation and improved consumer experiences [5] - Businesses must remain vigilant regarding potential regulatory shifts, particularly concerning data privacy and consumer protection [14]
Latin America Social Commerce Intelligence Report 2025-2030: Regulatory Shifts and AI Adoption Reshape the Landscape, MercadoLibre and TikTok Lead Social Commerce Innovations
GlobeNewswire News Room· 2025-05-14 14:26
Core Insights - The social commerce market in Latin America is projected to grow by 20.1% annually, reaching approximately USD 14.62 billion in 2025, following a robust growth period from 2021 to 2024 with a CAGR of 27.0% [2][10] - By the end of 2030, the market is expected to expand to around USD 27.92 billion, indicating a continued growth trajectory with a forecasted CAGR of 13.8% from 2025 to 2030 [2][10] Market Dynamics - The report provides a comprehensive analysis of social commerce in Latin America, including over 50 KPIs that cover market size, forecasts, and share statistics across various retail categories [3][4] - Increased internet and smartphone penetration has significantly boosted social commerce activities, with consumers increasingly purchasing products directly through social media platforms [10][11] Technological Integration - The integration of fintech solutions is enhancing social commerce transactions, exemplified by Brazil's Pix payment system, which has gained popularity for its instant and free transaction settlements [8][10] - E-commerce platforms are incorporating social commerce features to improve user engagement, with Mercado Libre leading the way in this integration [8][11] Influencer Marketing - Influencer marketing is a key driver of social commerce growth, as brands collaborate with local influencers to promote products through social media, leveraging the trust consumers place in these influencers [13][14] - The effectiveness of influencer marketing is expected to increase as social media usage rises, prompting more brands to invest in these partnerships [13][14] Competitive Landscape - MercadoLibre has established itself as a dominant player in the region's e-commerce and fintech sectors, integrating social commerce functionalities to enhance user engagement and market reach [11][12] - Regulatory changes, such as Brazil's mandate for Apple to lift restrictions on in-app payment methods, are fostering a more competitive environment in the digital goods and services market [14] Future Outlook - Companies are anticipated to adopt AI and machine learning technologies to enhance user experiences and operational efficiency, with MercadoLibre already utilizing these technologies to support sellers [14] - The convergence of e-commerce and social media is expected to strengthen, with platforms like Mercado Libre enhancing integrated shopping experiences to capture a larger market share [8][10]
VERB Publishes Management's Prepared Remarks From Its First Quarter 2025 Earnings Call
GlobeNewswire News Room· 2025-05-13 17:20
Core Viewpoint - Verb Technology Company, Inc. reported strong financial results for Q1 2025, showcasing significant revenue growth and successful acquisitions, while maintaining a robust cash position and zero debt [5][8][10]. Financial Performance - The company reported revenue of $1.3 million for Q1 2025, representing an 80% increase over Q4 2024 and approximately 46% growth compared to the total revenue of $895,000 for all of 2024 [8]. - The company has a clean balance sheet with zero debt and a strong cash position, allowing it to fund operations easily into 2028 and beyond [10][12]. Business Developments - Verb Technology completed an $8.5 million cash and stock acquisition of an AI social commerce technology company, integrating its technology into Verb's platform [9]. - The company signed numerous high-profile clients for its MARKET.live platform, which is now white-labeling its services for various brands [13]. Product and Service Growth - The telehealth platforms, VanityPrescribed and GoodGirlRx, are experiencing month-over-month growth, contributing to recurring subscription-based revenue [15]. - The "Go Fund Yourself" crowdfunding TV show is gaining popularity, leading to increased demand from issuers and the production of multiple episodes each month [15]. Technology and Innovation - MARKET.live has enhanced its technology to allow streaming directly from clients' websites, enabling brands to maintain customer relationships while broadcasting across social media [14]. - The company leverages advanced AI capabilities for user-generated content creation and automated video content repurposing, optimizing merchandising strategies and increasing conversion rates [20].
VERB Beats All Analysts Q1 2025 Financial Performance Estimates
GlobeNewswire News Room· 2025-05-13 12:30
Core Insights - Verb Technology Company, Inc. reported an impressive revenue growth of 80% quarter-over-quarter and an extraordinary increase of 18,543% year-over-year for Q1 2025, with total revenue reaching $1.305 million, surpassing the entire annual revenue of 2024 [1][5][14] - The company successfully closed an acquisition of AI social commerce technology platform Lyvecom for $8.5 million and added $5 million in cash to its balance sheet through a non-dilutive, non-convertible preferred stock deal [1][5][25] - Verb Technology maintains a strong cash position with zero debt, expected to fund operations into 2028 and beyond, indicating robust financial health [1][5][21] Financial Performance - For the three months ended March 31, 2025, revenue was $1,305 thousand, a significant increase of $1,298 thousand compared to $7 thousand in the same period of 2024, marking a growth of 18,543% [4][7] - The operating loss from continuing operations improved to $(2,659) thousand, a reduction of $558 thousand or 17% compared to the prior year [5][18] - General and administrative expenses increased slightly by $368 thousand, representing a 12% rise over the previous year, indicating that revenue growth is driving performance rather than cost-cutting measures [5][10] Acquisition and Strategic Moves - The acquisition of Lyvecom is valued at $8.5 million, enhancing Verb's capabilities in the social commerce space [1][5][25] - The company has replenished cash reserves through a strategic financing move, ensuring liquidity for future operations and growth initiatives [1][5][21] Cash and Debt Position - As of March 31, 2025, Verb Technology reported cash and investments totaling $12.236 million, down from $13.408 million a year earlier, but still indicating a solid liquidity position [21] - The company has retired all remaining debt, reinforcing its zero-debt status and financial stability [1][5]
Singapore Social Commerce Market Intelligence Report 2025-2030: E-Commerce Leaders Such as Shopee, Lazada, Facebook and Instagram Boost Live Shopping with Streaming Tech and Niche Market Focus
GlobeNewswire News Room· 2025-05-12 14:19
Core Insights - The Singapore social commerce market is projected to grow significantly, with an annual increase of 26.8%, reaching approximately USD 3.17 billion by 2025 [2] - The market experienced a robust growth rate of 42.2% CAGR from 2021 to 2024, and is expected to moderate to a CAGR of 15.6% from 2025 to 2030, growing from USD 2.50 billion in 2024 to about USD 6.55 billion by 2030 [2] Market Drivers - High social media penetration in Singapore, with 95% of the population using social media, is a key driver for social commerce growth [3][8] - Platforms like Facebook and Instagram are enhancing consumer engagement through integrated shopping features and live events, which facilitate direct interactions between businesses and customers [3][8] Regulatory Considerations - Potential regulatory changes, such as age restrictions on social media, could impact the operations of businesses in the social commerce sector [4][8] - Companies will need to implement compliance measures, including enhanced age verification and content moderation, to adapt to new regulations [4][5] Competitive Landscape - Key players in the market include Shopee, Lazada, Facebook, and Instagram, all of which are enhancing their live shopping capabilities [8] - The competitive landscape is diversifying with innovators catering to niche markets, such as sustainable and locally-produced goods [8] Future Outlook - Continued investments in advanced streaming technology and consumer-centric strategies are anticipated to keep businesses ahead of evolving consumer expectations [5][8] - The integration of innovative engagement methods and compliance with regulatory shifts will be crucial for the future success of the social commerce sector in Singapore [5]
Europe Social Commerce Market Intelligence Report 2025-2030: Major Platforms like Meta and TikTok Leading the Future $302 Billion Market, New Entrants such as Shein and Temu Expanding their Presence
GlobeNewswire News Room· 2025-05-12 13:55
Market Overview - The European social commerce market is projected to grow by 20.7% annually, reaching USD 146.35 billion in 2025, following a robust growth period from 2021 to 2024 with a CAGR of 25.5% [2] - The market is expected to continue expanding with a forecasted CAGR of 15.6% from 2025 to 2030, potentially reaching approximately USD 302.74 billion by the end of 2030 [2] Regional Trends - Distinct trends are emerging across different European countries, with the UK leading in live shopping events, Germany showing significant revenue growth, and France leveraging influencer partnerships [3] - Brands must adopt country-specific strategies to effectively engage with local consumer behaviors and navigate regulatory challenges [3] Competitive Landscape - Major platforms like Meta and TikTok dominate the market, while new entrants such as Shein and Temu are expanding their presence [4] - Recent acquisitions, including Brave Bison's purchase of Social Chain and Charlesbank's acquisition of Front Row, indicate a trend toward consolidation in the market [4][15] Regulatory Environment - The European Union's regulatory frameworks, including the Digital Services Act and Digital Markets Act, impose stricter regulations on online platforms, affecting competition and compliance [4][15] - Companies must navigate complex regulatory environments shaped by data protection laws and antitrust concerns, which may slow the adoption of social commerce compared to other regions [9] Consumer Engagement - Spanish consumers are increasingly engaging with various social media platforms for shopping, particularly on Facebook, Instagram, and YouTube [9] - A multi-platform approach tailored to the unique features and audiences of each platform is essential for brands targeting the Spanish market [9] Key Players - Meta Platforms (Facebook, Instagram) and TikTok are leading the European social commerce market, with Meta leveraging its extensive user base to integrate shopping features [10] - Shein and Temu, both Chinese platforms, are making significant inroads into the European market, attracting consumers with competitive pricing [10]
VERB to Host First Quarter 2025 Earnings Call on Tuesday, May 13, 2025, at 1:00 p.m. ET
Globenewswire· 2025-05-09 17:16
Core Viewpoint - Verb Technology Company, Inc. is set to discuss its financial results for Q1 2025 on May 13, 2025, highlighting its innovative approach in social commerce, telehealth, and crowdfunding [1][2]. Company Overview - Verb Technology Company operates several business units focused on transforming social commerce, telehealth, and crowdfunding through platforms like MARKET.live, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show [1][3]. - The company leverages advanced AI technology to enhance user engagement and optimize content creation for brands, aiming to provide a seamless omnichannel shopping experience [3]. Upcoming Events - A conference call will be hosted by CEO Rory J. Cutaia on May 13, 2025, at 1:00 p.m. Eastern time to discuss the financial results, with a press release to be issued beforehand [1][2]. - A telephonic replay of the conference call will be available from May 13, 2025, at 5:00 p.m. Eastern time until May 27, 2025, at 11:59 p.m. Eastern time [2][3]. Product and Service Innovations - MARKET.live is a multi-vendor, livestream social shopping platform that integrates AI capabilities for real-time content creation and audience engagement [3]. - The GO FUND YOURSELF platform combines an interactive TV show with crowdfunding capabilities, allowing viewers to invest in real-time as they watch presentations [3]. - VANITYPrescribed and GoodGirlRx are telehealth portals designed to provide affordable healthcare solutions without hidden fees, aiming to disrupt traditional healthcare models [3].
VERB CEO Rory J. Cutaia Interview Live from the Floor of the NY Stock Exchange on Cheddar TV's Power Players
GlobeNewswire News Room· 2025-05-07 13:00
Core Insights - Verb Technology Company, Inc. is transforming social commerce, telehealth, and crowdfunding through innovative platforms and technologies [1][4] - CEO Rory J. Cutaia will discuss the company's growth strategies and the new crowdfunding TV show "GO FUND YOURSELF" on Cheddar TV [2][3] Company Overview - Verb Technology Company operates multiple business units leveraging social commerce technology and video marketing expertise, including MARKET.live, LyveCom, VANITYPrescribed, and GoodGirlRx [4] - The company is headquartered in Las Vegas, NV, with production and creator studios in Los Angeles, CA [8] Product and Service Innovations - MARKET.live is a multi-vendor, livestream social shopping platform that enhances the shopping experience through AI capabilities, enabling real-time user-generated content and automated video ads [5] - The "GO FUND YOURSELF" TV show combines interactive crowdfunding with real-time investment opportunities, allowing viewers to engage directly with presenting companies [6] - VANITYPrescribed and GoodGirlRx are telehealth portals designed to provide affordable healthcare solutions without hidden fees, disrupting traditional healthcare pricing models [7] Recent Developments - The recent acquisition of LyveCom, an AI technology innovator in social commerce, is part of Verb's ambitious growth plans [2]
Verb(VERB) - 2024 Q4 - Earnings Call Transcript
2025-03-25 21:35
Financial Data and Key Metrics Changes - For the full year 2024, the company generated total revenue of $895,000, an increase of $832,000 compared to 2023, representing a growth of 1,321% [18] - In Q4 2024, revenue reached $723,000, an increase of $694,000 year-over-year, indicating a growth of almost 2,400% [19] - Quarter-over-quarter, Q4 revenue increased by $595,000, representing growth of almost 465% compared to Q3 2024 [19] - The company reported a positive shareholder equity of over $16 million as of December 2024, up from almost $2 million negative in June 2023 [13] Business Line Data and Key Metrics Changes - The company transitioned from a direct sales SaaS model to a focus on interactive social video commerce, leading to significant revenue growth [10][15] - The launch of the GO FUND YOURSELF crowdfunding platform generated $233,000 in revenue in Q4, up from $25,000 in Q3 [15] - The MARKET.live platform showed exponential revenue growth, with Q4 revenue of $490,000 compared to $103,000 in Q3 [17] Market Data and Key Metrics Changes - The company is entering the telehealth market with products like VANITY Prescribed and GoodGirlRX, anticipating significant growth due to the adoption of new weight-loss drugs [16] - The overall market conditions for small and micro-cap companies have been challenging, impacting previous business strategies [5][12] Company Strategy and Development Direction - The company has implemented a multi-pronged strategy to restructure and diversify its revenue streams, focusing on complementary business units [14] - A significant part of the strategy includes the acquisition of LyveCom to enhance AI capabilities and reduce operational costs by approximately $1 million per year [21][22] - The company aims to position itself as a leader in the social commerce space, leveraging its technology to provide solutions for brands [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's future, expecting Q1 2025 revenue to surpass Q4 2024 [19] - The CEO highlighted the importance of adapting to market conditions and the need for a robust AI strategy to remain competitive [20] Other Important Information - The company has successfully eliminated debt and has a cash position of over $13 million, providing a strong financial foundation for future growth [23][24] - The reverse stock split has resulted in a tight share float of less than 1 million shares, enhancing shareholder value [13] Q&A Session Summary - No specific questions or answers were recorded in the provided content, indicating the conclusion of the teleconference [26]
VERB Publishes Management's Prepared Remarks During Fourth Quarter and Full Year 2024 Earnings Call
Newsfilter· 2025-03-25 17:15
Core Viewpoint - Verb Technology Company, Inc. has reported significant revenue growth and strategic restructuring efforts, transitioning from a direct sales SaaS model to a diversified business model focused on social commerce, telehealth, and crowdfunding platforms [1][19][23]. Financial Performance - For the full year 2024, Verb generated total revenue of $895 thousand, marking an increase of $832 thousand or 1,321% compared to 2023 [19]. - In Q4 2024 alone, revenue reached $723 thousand, an increase of $694 thousand or nearly 2,400% year-over-year, and a quarter-over-quarter growth of approximately 465% compared to Q3 2024 [20]. - The company anticipates that Q1 2025 will exceed the revenue of Q4 2024, indicating continued growth momentum [20]. Strategic Initiatives - The company has executed a multi-pronged strategy to restructure and reinvent itself, which includes selling its direct sales SaaS business and focusing on new revenue-generating units such as MARKET.live, VANITY Prescribed, and GoodGirlRx [9][15][23]. - Verb has successfully insulated itself from unfavorable capital market conditions by utilizing Reg A for capital raises, resulting in a debt-free balance sheet and a positive shareholder equity of over $16 million as of December 2024 [12][25]. - The acquisition of LyveCom is expected to enhance operational efficiency, with anticipated cost reductions of approximately $1 million per year, while also expanding the capabilities of the MARKET.live platform [22][23]. Business Units and Growth Potential - MARKET.live has shown exponential revenue growth, with Q4 2024 revenue reaching $490 thousand, up from $103 thousand in Q3 2024 [18]. - The telehealth initiatives, including VANITY Prescribed and GoodGirlRx, are positioned to capitalize on the growing demand for telehealth services, particularly with the introduction of new weight-loss drugs [15][17]. - The crowdfunding platform, GO FUND YOURSELF, generated $233 thousand in revenue in Q4 2024, showcasing its rapid growth potential [15]. Market Position and Future Outlook - Verb's strategic shift has positioned it as a well-capitalized and diversified business, ready for continued growth in the evolving landscape of social commerce and telehealth [23]. - The company emphasizes its strong financial position, with under 1 million shares outstanding and over $13 million in cash and liquid securities, suggesting a compelling investment opportunity [25].