How did SOPA's revenue streams evolve in Q3 2024 compared to previous quarters?
5/8/2025 04:23pm
SOPA's revenue streams in Q3 2024 showed a decline compared to the previous quarter, primarily due to a decrease in sales from digital marketing and online ordering services, while online ticketing and reservation services remained relatively stable.
1. **Total Revenue Decline**: SOPA's total revenue for Q3 2024 was $1.68 million, which is a 26.8% decrease from the previous quarter's total revenue of $2.27 million.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|SOPA|SOPA.O|Society Pass|2024 Q1|-6.053802878079124|1847079|186|
|SOPA|SOPA.O|Society Pass|2024 Q2|-21.795675995962018|1710510|186|
|SOPA|SOPA.O|Society Pass|2024 Q3|-26.141681202750384|1675894|186|
2. **Segmental Analysis**:
- **Digital Marketing**: Revenue from digital marketing services dropped significantly, with $6.17 million recorded in Q3 2024, compared to $4.54 million in the previous quarter.
- **Online Ticketing and Reservation**: Revenue from online ticketing and reservation services remained relatively stable, with $885,017 in Q3 2024, similar to $650,480 in the previous quarter.
- **Online Ordering**: Revenue from online ordering services also remained stable, with $34,808 in Q3 2024, similar to $29,360 in the previous quarter.
- **Software Subscription**: Revenue from software subscription services was $6,837 in Q3 2024, which is a slight increase from $5,429 in the previous quarter.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SOPA|SOPA.O|Society Pass|20240101-2024|Software Subscription|6721|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Software Subscription|6217|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Software Subscription|4791|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Software Subscription|4791|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Sales - Online Ticketing and Reservation|264574|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Sales - Digital Marketing|1552420|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Sales - Data|4566|186|
|SOPA|SOPA.O|Society Pass|20240101-2024|Sales - Online Ordering|20728|186|
3. **Forecasted Revenue**: The estimated revenue for Q3 2024 was $2.47 million, which suggests a slight improvement from the actual revenue of $1.68 million recorded in the quarter.
In conclusion, SOPA's revenue streams in Q3 2024 experienced a decline, primarily due to a decrease in digital marketing services, while other segments remained relatively stable or showed slight improvements. The estimated revenue for the quarter suggests a potential recovery or stabilization in the company's financial performance.