Webuy Global Ltd. Reports FY2024 Results and Achieves First-Ever Quarterly Profit
Rhea-AI Summary
Webuy Global (WBUY) has reported its FY2024 results, marking a significant milestone by achieving its first-ever quarterly profit in Q4 2024. The technology-driven community e-commerce and travel platform generated annual revenue of $58.3 million, maintaining stable performance across core verticals.
Key achievements include a 30% reduction in operating expenses through tighter cost control measures and the completion of a 1-for-120 reverse stock split in April 2025, positioning the company for potential Nasdaq relisting. The company has also implemented AI-driven tools across operations to enhance customer experience and scalability.
The shift toward higher-margin verticals, leaner operations, and strategic cost management contributed to the company's breakthrough profitability in Q4 2024. Webuy has focused on streamlining its cost base while redeploying resources toward scalable businesses such as travel.
Positive
- Achieved first-ever quarterly profit in Q4 2024
- Significant 30% reduction in operating expenses
- Completed reverse stock split, preparing for potential Nasdaq uplisting
- Successfully implemented AI-driven operational improvements
Negative
- Revenue of $58.3M shows no significant growth mentioned
- Profitability achieved in only one quarter (Q4), indicating previous quarters were unprofitable
- Regulatory hurdles mentioned could pose ongoing challenges
Insights
Webuy achieves first-ever quarterly profit with 30% cost reduction and positions for Nasdaq relisting through reverse split.
Webuy Global's achievement of first-ever profitability in Q4 2024 represents a pivotal inflection point for this micro-cap company. With annual revenue of
The completed 1-for-120 reverse stock split addresses a critical capital markets challenge for Webuy. While reverse splits don't change fundamental value, they often serve as necessary technical adjustments for OTC-traded companies targeting major exchange listings. A successful Nasdaq relisting would significantly enhance visibility, liquidity, and institutional investor access - particularly valuable for a company with just
For context, achieving initial profitability represents a crucial developmental milestone in the lifecycle of emerging technology platforms. The integration of AI-driven tools across operations further demonstrates management's focus on scalable infrastructure that can support growth while maintaining cost discipline.
However, investors should note the financial details provided - while Q4 showed profitability, the full year's bottom line wasn't specified, suggesting earlier quarters likely recorded losses. The absence of year-over-year comparisons for revenue also limits comprehensive performance assessment. Nevertheless, the transition from consistent losses to even a single quarter of profitability typically signals improving unit economics and business model validation.
Singapore, April 22, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (OTC: WBUY), a technology-driven community e-commerce and travel platform in South East Asia, today announces that on April 22, 2025, the Company filed its 2024 annual report (Form 20-F) with the U.S. Securities and Exchange Commission. The report is available at www.sec.gov and the Company’s investor relations website.
Key FY2024 Highlights
• Achieved first group-level profit in Q4 2024, marking a major turnaround milestone
• Annual revenue of
• Operating expenses reduced by
• Reverse stock split completed in April 2025, positioning the Company for potential Nasdaq relisting
• AI-driven tools deployed across operations, enhancing customer experience and scalability
Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy, commented, “2024 was a pivotal year for Webuy, shaped by resilience, disciplined execution, and steady progress. Despite challenges, our team remained focused to operational improvement and long-term priorities. Most notably, we achieved group-level profitability in the fourth quarter for the first in our history, reflecting the impact of our shift toward higher-margin verticals, leaner operations, and strategic cost control.”
“We streamlined our cost base by over
“Our profitability milestone in Q4 represents more than a financial result, but it reflects the resilience of our business model and the sustained efforts of our team. Looking ahead to 2025, we remain committed to strengthening our fundamentals, enhancing customer engagement, and delivering long-term returns to our shareholders.”
About Webuy Global Ltd.
Webuy Global Ltd. is a forward-thinking, technology-driven company aimed at becoming the leading e-commerce and travel platform in Southeast Asia. Leveraging advanced AI technologies, the Company enhances its 'group buy' model by providing personalized recommendations, predictive demand analytics, and seamless community interactions. In addition, Webuy integrates AI-powered travel solutions, such as its proprietary AI Travel Consultant, to deliver personalized itineraries, group travel planning, and real-time support. These innovations streamline the traditional supply chain, foster a community-driven shopping experience, and simplify travel planning for its users. Webuy is committed to improving the lives of millions of families in Southeast Asia with high-quality, affordable products, services, and travel experiences. For more information, visit https://www.webuysg.com/Investor/
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the "safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in U.S., Singapore and Indonesia and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Webuy Global Ltd. Email: ir@webuy.global
FAQ
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