- Talenthouse revenues grew by 32% like-for-like in 2021
- Adjusted EBITDA was ($5m) vs ($11.2m) in 2020
- Talenthouse completed two successful acquisitions, Jovoto and EyeEm, adding nearly $10m to revenue and trebling the size of its creative community ● Talenthouse also started billing revenue on two of its new products in the year, contributing $1.4m in revenues
- Nearly 10m members to the Talenthouse community added in 2021. It now stands at 14.7m members.
(Baar/Switzerland), Talenthouse (SIX: THAG), one of the leading technology platforms connecting creatives and brands globally, today announces its non-audited combined financial results of the calendar year 2021. The results show strong growth in revenues
and a reduction in adjusted operating losses. Revenues, excluding the impact from acquisitions, are up by 32% and up by 374% including acquisitions. Adjusted EBITDA shows a loss of $(5.0)m against a loss of $(11.2)m in the prior year, as Talenthouse continues investing heavily in future growth.
Commenting on the results, Clare McKeeve, CEO, says: “We are very pleased with the 2021 performance. Organic growth was up over 30% thanks to increases in sales coverage, strong repeat customers and the contribution from Reality House and Untitled, two new products we launched in 2021. We also completed two successful acquisitions, Jovoto and EyeEm, which transformed the scale of our business and
broadened our value proposition to include stock photography and innovation. With the intended completion of the acquisition of Coolabi (where we currently own 33%) later this quarter, we are break-even for 2021 based on pro forma unaudited numbers with combined revenues of $25.7m.
In 2022, our focus will be on growth, including contributions from our platforms, launched at the end of 2021, ElloU, ElloWorks and Media Foundry, focusing on
community empowerment. We are confident our operating initiatives and continued strong execution will help us achieve our goals for the financial calendar year 2022.“
Chairman Roman Scharf, adds: “2021 was a transformational year for the Talenthouse business. Two significant acquisitions helped transform the business into a leading platform for the creator economy. Talenthouse now has the critical mass, in terms of sales, production capabilities, people, community and breadth of offering, to capitalize on the structural change in the way creative content is produced and sourced and capture its share of an addressable market that is worth more than $700bn.“
The results presentation can be accessed here:
