Aspermont's 30th consecutive quarter of subscriptions growth

Aspermont (ASX: $ASP) has announced a 30th consecutive quarter of growth in subscriptions revenues, with subscriptions revenue reaching $2.4M, up 5% year on year. The annual recurring revenue has also increased by 6% year on year, reaching $10.7M. The net retention rate has seen a significant increase of 11% year on year, reaching 99%. Monthly active users have grown to 236K, up 9% year on year, and the average revenue per unit has increased by 23% year on year, reaching $1.9K. Subscriptions revenue now accounts for more than 50% of Aspermont's total revenues, with the lifetime value of subscriptions reaching $65M, which is now more than 4x the current market capitalization.

Aspermont Managing Director's Perspective on Subscriptions Growth

Aspermont Managing Director, Alex Kent, expressed satisfaction with the company's solid quarter of consistent subscriptions growth. He highlighted the positive impact of content production, technological enhancements, and marketing practices on revenue contributions, offsetting adverse market conditions affecting advertising revenues. Kent emphasized the increasing focus on new data and intelligence products, enhancing the value proposition for subscribers, with the average revenue per unit increasing by 28% last year. He expressed the expectation of sustained and organic subscriptions growth over the medium to long-term, with subscriptions now exceeding 50% of group revenue and a net retention rate of 99%. Kent also emphasized the exceptional performance of Aspermont, with 30 consecutive quarters of subscriptions revenue growth at 15% compound, 65% gross margins, and average revenue per unit growth of over 20%.

Summary of Aspermont's 30th Consecutive Quarter of Subscriptions Growth

Aspermont (ASX: $ASP) has reported a remarkable 30th consecutive quarter of subscriptions growth, showcasing sustained and organic growth in subscriptions revenues. The company's focus on content production, technological enhancements, and marketing practices has significantly contributed to offsetting adverse market conditions affecting advertising revenues. With subscriptions revenue now exceeding 50% of total revenues and a net retention rate of 99%, Aspermont's Managing Director, Alex Kent, expressed confidence in the sustained and organic subscriptions growth over the medium to long-term. Aspermont's ambitions to revamp its marketing program later this year reflect the company's commitment to improving its value proposition for both subscribers and shareholders, aiming to ensure better understanding of its value proposition. The company's XaaS model for B2B media has positioned it as the market leader in providing high value content to a growing global audience, with opportunities to monetize its vast database and expand its knowledge capital and capabilities.