SHAREit Group Announces Breakout Year With Massive Revenue Growth; Plans To Fuel Next Phase Of Hypergrowth Globally
SHAREit Group, a next-generation global technology company, with headquarters in Singapore, today announced that they have achieved 220% revenue growth in FY21/22 through strategic global expansion and emerging market growth strategies. In the same fiscal year, the revenue from SHAREit Group’s advertising platforms has tripled.
SHAREit is committed to serving global customers across industries, with deep expertise in key areas such as gaming, e-commerce and fintech. SHAREit app has witnessed an incremental year-on-year growth rate of nearly 30% in its customer base.
SHAREit Group’s diversified suite of applications has been installed by over 2.4 billion users worldwide, including the flagship app, SHAREit. SHAREit is rapidly setting up offices and growing local teams in Singapore, Indonesia, Philippines, Pakistan, Bangladesh, UAE, and Israel amongst others. It currently has more than 1,000 employees worldwide.
SHAREit Group aims to democratize digital access and empower businesses to grow. The main product of the SHAREit group —SHAREit, is a user-demand-oriented app, providing global users with digital entertainment content such as short videos and games, as well as practical functions such as file sharing, cache cleaning, one-click transfer of game resource packs, phone acceleration, power saving, file management, etc. At the same time, SHAREit Group provides mobile advertising solution services to global partners.
“The stupendous growth that we have achieved is a reflection of the relentless work that SHAREit teams across our many markets have put in, as guided by our global growth strategy, and the faith of our customers.” says, Karam Malhotra, Partner and Global Vice-President at SHAREit Group. “As a results-oriented advertising platform, we have successfully powered our customers’ growth and enjoyed a nearly 30% y-o-y growth in clientele.”
SHAREit enjoys massive popularity in emerging markets like the Philippines, Indonesia and Malaysia, and has been powering local app-based businesses by helping them gain more users from its pool of sticky audience. It covers the lifecycle of a customer’s product requirement from app launch to monetization through its user-oriented full-stack ad platform solution, which enjoys high retention rates.
According to the latest AppsFlyer Performance Report released in 2022, SHAREit ranked No.4 media source globally in volume and power rankings in non-gaming categories, No.7 in all categories on the In-App purchases (IAP) index. In particular, SHAREit ranks in the top 5 for the first time in the Finance – Investments category on the in-app purchases (IAP) index underscoring the financial investment boom in Southeast Asia.
