Pop Culture Group Co., Ltd. announced consolidated total revenue exceeding US$47.38 million for the fiscal year ended June 30, 2024, marking a 56% increase year-on-year. The company also reported a significant improvement in consolidated gross profits, which rose from negative US$3.66 million in the previous fiscal year to US$2.88 million.
The brand promotion business was a primary driver of this growth, increasing by over 310% and contributing 83.6% of the total revenue and 66% of the total gross margin. This segment's expansion highlights the company's successful transformation towards online business models.
Additionally, the company's SaaS service partner, Shenzhen JamBox, had signed cooperation agreements with more than 3,990 hip-hop dance campuses by January 2024, serving nearly 250,000 students. CPOP also successfully held 'Super Music Hero' concerts in Fuzhou and Chongqing in March and June 2024, attracting over 25,000 and 35,000 attendees, respectively.
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