Articore Group Restructures E-Commerce Operations Amid Revenue Decline, Shares Fall Over 9%

MT Newswires Live

Jan 30

Articore Group (ASX:ATG) restructured its e-commerce businesses to combine the two marketplaces' operations after a decline in marketplace revenue, according to a Thursday Australian bourse filing.

The operations were combined under the former chief executive of TeePublic, Vivek Kumar. Following the restructuring, it identified about AU$12 million to AU$14 million of annualized savings to the group's operational expenditure.

For the half-year ended Dec. 31, 2024, it reported a marketplace revenue of AU$230.4 million, falling 12% from the AU$260.4 million in revenue it reported in the year-ago period.

It also launched a new platform, Dashery, which will allow creators to sell print-on-demand merchandise to fans via their own storefronts, according to Articore chief executive Martin Hoskings.

It now expects the group's gross profit after paid acquisition margin to be between 25% to 27%, compared with 24% to 26% previously.

The firm's shares fell over 9% in recent trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507661354"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507661354\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2507661354?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 13:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507661354","market":"hk","top_or_hot":-1,"title":"Articore Group Restructures E-Commerce Operations Amid Revenue Decline, Shares Fall Over 9%","media":"MT Newswires Live","content":"<html><body><p> Articore Group (ASX:ATG) restructured its e-commerce businesses to combine the two marketplaces' operations after a decline in marketplace revenue, according to a Thursday Australian bourse filing.</p><p>The operations were combined under the former chief executive of TeePublic, Vivek Kumar. Following the restructuring, it identified about AU$12 million to AU$14 million of annualized savings to the group's operational expenditure.</p><p>For the half-year ended Dec. 31, 2024, it reported a marketplace revenue of AU$230.4 million, falling 12% from the AU$260.4 million in revenue it reported in the year-ago period.</p><p>It also launched a new platform, Dashery, which will allow creators to sell print-on-demand merchandise to fans via their own storefronts, according to Articore chief executive Martin Hoskings.</p><p>It now expects the group's gross profit after paid acquisition margin to be between 25% to 27%, compared with 24% to 26% previously.</p><p>The firm's shares fell over 9% in recent trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Articore Group Restructures E-Commerce Operations Amid Revenue Decline, Shares Fall Over 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArticore Group Restructures E-Commerce Operations Amid Revenue Decline, Shares Fall Over 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-30 13:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Articore Group (ASX:ATG) restructured its e-commerce businesses to combine the two marketplaces' operations after a decline in marketplace revenue, according to a Thursday Australian bourse filing.</p><p>The operations were combined under the former chief executive of TeePublic, Vivek Kumar. Following the restructuring, it identified about AU$12 million to AU$14 million of annualized savings to the group's operational expenditure.</p><p>For the half-year ended Dec. 31, 2024, it reported a marketplace revenue of AU$230.4 million, falling 12% from the AU$260.4 million in revenue it reported in the year-ago period.</p><p>It also launched a new platform, Dashery, which will allow creators to sell print-on-demand merchandise to fans via their own storefronts, according to Articore chief executive Martin Hoskings.</p><p>It now expects the group's gross profit after paid acquisition margin to be between 25% to 27%, compared with 24% to 26% previously.</p><p>The firm's shares fell over 9% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ATG.AU","symbol_name":"Articore Group Ltd","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2507661354","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507661354","pubTimestamp":1738216157,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Articore Group  restructured its e-commerce businesses to combine the two marketplaces' operations after a decline in marketplace revenue, according to a Thursday Australian bourse filing.The operations were combined under the former chief executive of TeePublic, Vivek Kumar. Following the restructuring, it identified about AU$12 million to AU$14 million of annualized savings to the group's operational expenditure.For the half-year ended Dec. 31, 2024, it reported a marketplace revenue of AU$230.4 million, falling 12% from the AU$260.4 million in revenue it reported in the year-ago period.It also launched a new platform, Dashery, which will allow creators to sell print-on-demand merchandise to fans via their own storefronts, according to Articore chief executive Martin Hoskings.It now expects the group's gross profit after paid acquisition margin to be between 25% to 27%, compared with 24% to 26% previously.The firm's shares fell over 9% in recent trading on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ATG.AU":"Articore Group Ltd"},"translate_title":"Articore集团在营收下滑之际重组电商业务，股价跌超9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATG.AU":0.9},"content_text":"Articore Group (ASX:ATG) restructured its e-commerce businesses to combine the two marketplaces' operations after a decline in marketplace revenue, according to a Thursday Australian bourse filing.The operations were combined under the former chief executive of TeePublic, Vivek Kumar. Following the restructuring, it identified about AU$12 million to AU$14 million of annualized savings to the group's operational expenditure.For the half-year ended Dec. 31, 2024, it reported a marketplace revenue of AU$230.4 million, falling 12% from the AU$260.4 million in revenue it reported in the year-ago period.It also launched a new platform, Dashery, which will allow creators to sell print-on-demand merchandise to fans via their own storefronts, according to Articore chief executive Martin Hoskings.It now expects the group's gross profit after paid acquisition margin to be between 25% to 27%, compared with 24% to 26% previously.The firm's shares fell over 9% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}