Perfect Corp Q3 Earnings: Revenue Growth Fueled by AI, AR Solutions & Record YouCam Subscribers

Quick Summary:

On Tuesday, Perfect Corp (NYSE:PERF) announced third-quarter earnings for the quarter ended September 30, 2024.  

Total revenue was $16.1 million for the third quarter, marking an increase of 10.8% year-on-year, missing the analyst consensus estimate of $16.8 million.

The double-digit growth was driven by robust demand from brand customers for the Company's online virtual product try-on solutions, healthy momentum in the growth of YouCam mobile beauty app subscriptions, and consumer preference for Generative AI technologies and AI ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Earnings Guidance Benzinga News PERF Top Stories US71376C1009 Tech Briefs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 10:46:38 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23325556

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