Netgem has announced strong financial results for 2024, reporting a 6% increase in recurring revenues. This growth underscores the sustained demand for the company’s service offerings and reflects a successful strategic shift. Total revenues reached €33.8 million, accompanied by a 7% increase in gross profit.
Mathias Hautefort, CEO of the Netgem group, commented: “2024 is the culmination of five years of patient and disciplined efforts and investments to adjust our offering and rebuild our profitability around a recurring business model. The end of this investment phase means, all things being equal, a significant improvement in our cash generation over the coming years.”
Looking ahead, Netgem is actively preparing for the launch of new services leveraging the potential of Artificial Intelligence within its shared technological platform. The integration of video games into its streaming offering in 2024 is anticipated to generate new partnerships with telecom operators later in the year, further solidifying Netgem's position in the market.