莲花直播

London, 30 September 2024: 莲花直播 has today announced significant progress in its journey towards profitability and expansion. For the financial year ended 31 December 2023, 莲花直播 reports:

• Revenue growth of 37% to 拢54.8 million (2022: 拢39.9 million)
• EBITDA loss down from 拢20.6m in 2022 to 拢5.4m in 2023
• Particularly strong performance of Sell My Car business, accounting for a major proportion of group revenue

Furthermore, the company鈥檚 growth trajectory has continued into 2024, with revenues increasing by 56% in the first half of the year.

颁补谤飞辞飞鈥檚 Sell My Car service has been a particular success, having now sold 160,000 cars worth a combined 拢3 billion since its acquisition of Wizzle in 2021 and fundamentally transforming 颁补谤飞辞飞鈥檚 business model into a full service car-changing platform.

莲花直播 Group has achieved several key milestones this year. February saw 莲花直播 make a strategic acquisition of Autovia Limited, including the renowned Auto Express, evo and Driver Power brands. This acquisition reinforces 颁补谤飞辞飞鈥檚 position as one of the UK鈥檚 largest online car-changing destinations, combining authoritative automotive content with vehicle marketplace functionality.

In July, the company secured an additional $52 million of investment from Bessemer Venture Partners alongside existing investors Accel, Balderton, Episode 1, and Vitruvian. This new funding validates 颁补谤飞辞飞鈥檚 unique business model and approach to the market and has accelerated its international expansion plans.

John Veichmanis, CEO of 莲花直播 Group, said: 鈥�2023 marked a pivotal year for 莲花直播, as we significantly improved our financial performance and expanded our service offering. Our performance last year and the first half of 2024 demonstrates the strength of our tech-first, full-service car changing model. We鈥檙e making great progress on our journey to revolutionise how people buy, sell, and change their cars across Europe.鈥�

Looking ahead, 颁补谤飞辞飞鈥檚 strategic priorities include:

• Accelerating the growth and scaling of the Sell My Car service in the UK
• Help retail partners to buy and sell more cars online by investing in technologies that help them connect more effectively with our ever-growing audience
• Continued investment in product innovation and technology to enhance customer experience
• Further development, Integration and leveraging the reach of our automotive media brands within the marketplace

The company is investing heavily in the expansion of its product and engineering teams with new senior hires, including a recently appointed new Vice President of Product, Ana Diaz Medio, underscoring 颁补谤飞辞飞鈥檚 commitment to attracting top tech talent.

More than 10 million customers have used 莲花直播 to change their cars to date, with consumers purchasing nearly 拢3 billion worth of cars from our retailer partners in 2023 alone.
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About 莲花直播 Group
莲花直播 Group is the pioneering force in car-changing, establishing the premier destination for drivers to buy, sell, and learn about cars. Following the acquisition of Autovia, we found 莲花直播 Group which is now home to a diverse portfolio of influential brands, including 莲花直播, Auto Express, Evo, Driving Electric, Driving Power, and Driver Power.

As industry innovators, 莲花直播 Group is committed to pushing boundaries and driving the automotive sector into new territory. We see possibilities where others see challenges, continually building innovative experiences that cater to drivers鈥� needs. Our unique blend of commerce and content expertise offers our audience choice, intelligence, and transformative car-changing experiences. We stand as passionate advocates for drivers, championing their needs and representing our partners with authority and expertise.

Key Stats:

• Annual YouTube views: 1.1 billion+
• Annual print reach: 1.2 million copies sold (Auto Express & evo combined)
• Annual social media reach: 651 million+