Crowd Mobile posts record quarterly result

Mobile apps group Crowd Mobile has posted record third-quarter results, with underlying EBITDA up six-fold and revenue more than tripling.

Crowd Mobile has delivered record third-quarter results, driven by strong customer demand for its Question and Answer app.

Underlying earnings before interest, tax, depreciation and amortisation rose more than six-fold to $3.25 million for the three months to March 31, compared with the same period a year ago.

The result exceeds Crowd Mobile'shalf-year underlying EBITDA of $2.2 million.

Third-quarter revenue rose more than tripled to $11.5 million from a year ago.

Total billed messages from its Question & Answer division rose 59 per cent to 2.3 million from a year ago. It's up 9 per cent from the second quarter.


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Source: AAP


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