Believe Revenue Rose 16% in 2023 on Streaming Growth & Expansion in Developing Markets ...Middle East

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Believe Revenue Rose 16% in 2023 on Streaming Growth & Expansion in Developing Markets
Believe benefitted from geographical expansion and strong streaming growth to post revenue of 880.3 million euros ($952.8 million at the average exchange rate) in 2023, up 15.7% from the prior year, the company announced Wednesday (Mar. 13). Organic growth was 14.4%, matching the guidance the company provided in October of organic growth exceeding 14%. After adjusting for foreign currency headwinds, Believe’s adjusted organic growth rate was 19.5% in 2023 and 21.8% in the fourth quarter.  The current growth rate should extend into the current year. Believe expects to achieve organic revenue growth in excess of 20%

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