- VS MEDIA (VSME, Financial) reported a 3.2% revenue increase to $8.25 million in 2024.
- The company expanded its digital creator network to over 1,500 creators, reaching 100 million fans globally.
- Key partnerships with Amazon Live, TikTok, Lazada, Shopee, and YouTube were forged in 2024.
VS MEDIA Holdings (VSME) has released its fiscal year 2024 business update, reporting a revenue of $8.25 million, marking a 3.2% increase from the $7.99 million generated in 2023. This growth was fueled by the company's Campaign-Based Marketing Services and the introduction of its Social Commerce segment.
In 2024, VS MEDIA expanded its creator ecosystem to more than 1,500 digital creators, collectively reaching an estimated 100 million fans around the world. The company also significantly broadened its commerce channels by entering new partnerships with major platforms such as Amazon Live, TikTok, Lazada, Shopee, and YouTube. Additionally, the launch of the VS Lounge commercial event and the entry into AI-powered influencer marketing have been noteworthy developments.
According to Ivy Wong, Founder and CEO of VS MEDIA, 2024 was pivotal for laying a strong foundation for scalable growth. The company focused on improving its technology stack and enhancing platform partnerships, with expectations of a transformative 2025 leveraging these developments.
Looking forward, VS MEDIA anticipates using the upgraded infrastructure and enhanced operational capabilities to scale its revenue streams and improve profit margins in 2025. The company aims to capitalize on the groundwork laid in 2024 to drive meaningful value for its shareholders in the coming year.
For more information, visit VS MEDIA's Investor Relations or the SEC's website.
