INSUBCONTINENT EXCLUSIVE:
decrease in revenue, which totaled R$14 million ($2.46 million)
million ($1.63 million) in Q3 2023 to R$11.8 million ($2.07 million) in Q3 2024
The adjusted EBITDA stood at negative R$3.6 million ($631,579), representing a 79% deterioration from the previous year.GetNinjas attributed
this decline to strategic investments aimed at enhancing user experience and platform security
(Photo Internet reproduction)Service requests decreased by 14% year-over-year, totaling 900,000 in Q3 2024
growth indicates continued interest from service providers despite the challenging environment
administrative expenses by 8% to R$11.2 million ($1.96 million)
As a platform connecting service providers with clients, GetNinjas operates in a market sensitive to economic fluctuations and consumer
spending patterns.Looking ahead, GetNinjas faces the challenge of balancing short-term profitability with long-term growth strategies
immediate impact on financial results highlights the delicate balance required in the competitive digital services market.
