— Robust Start and Significant Progress in Enterprise Solutions —
— Another Quarter of Record High Gross Profit —
Hong Kong, May 29, 2019 — iClick Interactive Asia Group Limited (“iClick”) (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced unaudited financial results for the first quarter ended March 31, 2019.
“During the first quarter, we reported record-high gross profit and substantial growth in adjusted EBITDA on a solid revenue increase,” said Sammy Hsieh, Chief Executive Officer and Co-Founder of iClick. “As we celebrate our 10th anniversary year, we continue to make progress toward achieving our long-term goal of transforming iClick into a CRM and Marketing Cloud Platform that provides a fully-integrated solution to help our clients address their sales and marketing challenges in China.
“We also recently announced two milestone agreements that further advance the development of our CRM and Marketing Cloud platform,” Hsieh said. “In the Enterprise Solutions business, we signed a strategic partnership agreement with BTG WELINK, the online retail services arm of Beijing Tourism Group, one of the top ten tourism service groups in China, and Tencent, to unleash the potential of smart retail by establishing a new customer relationship management system.
“In the Marketing Solutions business, we recently announced to form a joint venture with VGI Global Media in Thailand that will add more diversity to iClick’s geographic reach in a high-growth region. We believe both agreements will help contribute to our future growth and profitability,” Hsieh said.
Check out our full version of 2019 Q1 financial results here.