New York, NY, United States, 20th May 2024 – Perfect Corp. (NYSE: PERF), a leading provider of AI and AR solutions for the beauty, skincare, and fashion industries, today announced that its YouCam family of apps has achieved a record-breaking milestone of over 902,000 active subscribers in the first quarter of 2024. This represents a remarkable 30% year-over-year growth in the company’s active subscriber base.
The YouCam apps, which include YouCam Makeup, YouCam Perfect, YouCam Video, and YouCam Nails, YouCam Enhance and YouCam AI Pro have been gaining popularity among users worldwide due to their innovative AI-powered features and immersive virtual try-on experiences. These apps allow users to experiment with various makeup, haircare, and fashion styles in real-time, fostering creativity and engagement.
In Q1 2024, Perfect Corp.’s YouCam apps not only reached a record number of active subscribers but also witnessed a significant increase in user engagement and creativity. The company’s continuous efforts to enhance the user experience and introduce new features have been well-received by its growing user community.
Perfect Corp.’s strong performance in the first quarter of 2024 is further highlighted by its financial results. The company reported revenue of $14.3 million, a 17.7% increase compared to $12.1 million in the same period of 2023. Gross profit also grew by 16.9% year-over-year, reaching $11.2 million in Q1 2024. The success of the YouCam apps has significantly contributed to Perfect Corp.’s overall revenue growth and profitability.
“We are thrilled to see the outstanding growth and user engagement in our YouCam apps,” said Alice Chang, Founder and CEO of Perfect Corp. “Reaching over 902,000 active subscribers is a testament to the value our AI and AR technologies bring to our users. We remain committed to investing in cutting-edge innovations and enhancing the user experience to empower creativity and self-expression.”
As Perfect Corp. continues to invest in its AI and AR capabilities, the company is well-positioned to capitalize on the growing demand for personalized and interactive beauty, skincare, and fashion experiences. With its strong market position and expanding user base, Perfect Corp. is poised for continued success in the rapidly evolving digital landscape.
About Perfect Corp.
Perfect Corp. is a global leader in AI and AR solutions for the beauty, skincare, and fashion industries. With a mission to transform how consumers interact with these industries, Perfect Corp. develops groundbreaking technologies that enable personalized and immersive experiences. The company’s suite of solutions, including virtual try-on, AI skin analysis, and product recommendations, empowers brands and consumers alike. Founded in 2015, Perfect Corp. is headquartered in Taipei with offices in New York City, Tokyo, and Paris. For more information, please visit https://www.perfectcorp.com.
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Organization: Perfect Corp
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Website: https://www.perfectcorp.com
Email: Investor_Relations@PerfectCorp.com
City: New York
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Release Id: 20052412329