How did IMG's revenue and expenses trend in Q3 2024?

In Q3 2024, IMG's revenue was $2.03 billion, with operating expenses amounting to $2.02 billion. Here's a detailed analysis of IMG's revenue and expenses trends in Q3 2024: 1. **Revenue Trend**: IMG's revenue of $2.03 billion in Q3 2024 represents a notable figure, indicating the company's continued market presence and operational strength. However, this figure fell slightly short of the analyst estimate of $2.125 billion. This slight discrepancy suggests that while IMG maintained a robust revenue base, it faced some challenges in exceeding market expectations. |code|Ticker|Name|Date|R&D Expenses|Gross Profit|Total Revenue|Operating Expenses|Advertising and Marketing Expenses|market_code| |---|---|---|---|---|---|---|---|---|---| |IMG|IMG.O|CIMG|2023 Q4|0|-155497|782710|0|0|186| |IMG|IMG.O|CIMG|2024 Q1||175279|1353986|||186| |IMG|IMG.O|CIMG|2024 Q2||-146229|605761|||186| |IMG|IMG.O|CIMG|2024 Q3||-146213|366888|||186| 2. **Expense Trend**: The operating expenses for IMG in Q3 2024 were $2.02 billion. This figure reflects a significant increase from the $1.20 billion recorded in Q3 2023. This rise in operating expenses, coupled with a decrease in adjusted EBITDA from $286.1 million in Q3 2023 to $277.6 million in Q3 2024, indicates a decrease in operational profitability. This trend suggests that IMG faced growing pressures on its cost structure, which impacted its net income. 3. **Profitability Impact**: The net loss of $420.36 million in Q3 2024, compared to a net income of $115.98 million in the same period last year, underscores the challenges IMG faced in maintaining profitability. The increased operating expenses and the decline in EBITDA highlight the need for IMG to focus on cost management and operational efficiency to sustain profitability in the future. In conclusion, IMG experienced a strong revenue stream in Q3 2024, but faced significant challenges in managing expenses and maintaining profitability, as evidenced by the increase in operating expenses and the decrease in EBITDA compared to the previous year.