Home Finance Talenthouse AG releases financial results of the calendar year  2021, showing a 32% growth in revenues 

Talenthouse AG releases financial results of the calendar year  2021, showing a 32% growth in revenues 

by uma

 

  • 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

 

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