- Digital Brands Group Inc (NASDAQ:DBGI) expects FY23 revenue of $45 million – $50 million.
- The company sees FY23 EBITDA of $2 million – $3 million due to shared services operating leverage.
- Digital Brands multi-brand website recorded a 436% increase in e-commerce revenue during its Black Friday/Cyber Monday promo period versus the same period a year ago.
- “Our 2023 revenue guidance includes the addition of Sundry to our brand portfolio with minimal benefit from cross merchandising and the addition of Sundry to our multi-brand website, the Bailey Shop,” said CEO Hil Davis.
- Digital Brands offers a wide variety of apparel through numerous brands on both direct-to-consumer and wholesale basis.
- Price Action: DBGI shares are trading higher by 6.86% at $4.05 on the last check Wednesday.
TikTok’s Subscription Model Test – Is Ad-Free Trial A Revenue Risk?
ByteDance Ltd's TikTok is testing introducing a subscription service that would offer users an almost ad-free experience, as revealed by a code within the app reported by Android Authority.
For a monthly fee of $4.99, subscribers could enjoy their favorite short-form videos without the interruption of ads.
