Arkadia Media To Achieve Positive Performance Based on 2023 Q1 Results

TheIndonesia.id - PT Arkadia Digital Media Tbk (IDX: DIGI) is optimistic about achieving positive performance in 2023. This optimism is based, among other things, on the company's performance in the first quarter of 2023, which recorded an increase in revenue.

This was stated by the President Director of PT Arkadia Digital Media Tbk, Suwarjono, during the Public Expose (Pubex) 2023 session held at Jambuluwuk Hotel Thamrin, Jakarta, on Friday (June 23, 2023). The Public Expose session was conducted online through the eASY.KSEI platform and broadcasted live via Zoom.

In the session, which was preceded by the Annual General Meeting of Shareholders (AGM) of PT Arkadia Digital Media Tbk, Suwarjono explained that in the first quarter of 2023, the company recorded revenue of IDR 12.7 billion, an increase of approximately 59 percent compared to the same period last year.

He explained that this increase in revenue was due to an increase in reader traffic, which had a positive impact on programmatic advertising revenue. In addition, it was also mentioned that the company's revenue was generated from activities as an event organizer, both for self-designed and managed events, as well as events for clients.

"We are very optimistic that we can fill many of the previous 'gaps' by refocusing our business lines on revenue-generating activities. We are not only looking at one business, but we see that there are still five or six diversifications related to digital business. I see that (this business) will become more attractive and grow in the future," said Suwarjono.

In the Public Expose, Suwarjono also revealed that as an event organizer, the company aimed to manage at least one major event every month.

Another business prospect, according to Suwarjono, is to continue the program involving the international organization called the International Media Support (IMS). In this program, Suara.com becomes the backbone of local media development in Indonesia, which is carried out through activities such as the Local Media Summit (LMS).

"Furthermore, one of the new innovations that the company plans to try is through the management program of social media influencers. This is prepared after seeing the increasing trend of advertising expenditures, both from government and private institutions, shifting towards social media," he explained.

"In this regard, we will involve many social media activists on each platform. For this reason, the company has taken steps to develop this new source of revenue, specifically through the Nexus Creator Hub program," Suwarjono added.

Regarding the previously held Annual General Meeting (AGM), the shareholders approved changes to the board of directors, including the resignation of Erfan Suryono from the position of Director of the company.

With these changes, the new composition of the Board of Directors and Board of Commissioners of PT Arkadia Digital Media Tbk now consists of Suwarjono as the President Director (CEO) and Fastabiqul Khair Algatot as the Director. The Board of Commissioners is still filled by Stephen Kurniawan Sulistyo as the President Commissioner, Iwa Sukresno Karunia as a Commissioner, and Ariyo Ali Suprapto as an Independent Commissioner.

"On behalf of the company, we express our gratitude to Mr. Erfan Suryono for his dedication and service during his tenure as Director," said Stephen Sulistyo, the President Commissioner of PT Arkadia Digital Media Tbk, during the meeting.

Meanwhile, Iwa Sukresno Karunia, a Commissioner of PT Arkadia Digital Media Tbk, in one of the AGM sessions while presenting the Board of Commissioners' report, also expressed optimism and thanks to the entire management and employees.

"Likewise, we would like to express our gratitude to all employees who have been the core of the company's activities and movements. Hopefully, we can continue to work together well into the future," said Iwa.

About Arkadia Digital Media

PT Arkadia Digital Media Tbk is a digital media company founded on April 11, 2014, starting with the launch of the news portal Suara.com, which has been among the top 5 verified online media according to the Press Council based on Alexa and SimilarWeb rankings.

In 2018, Arkadia also launched 7 vertical portals, namely Matamata.com focusing on entertainment news, Bolatimes.com covering sports and football, Hitekno.com for technology, science, and gadget content, Guideku.com related to tourism, Dewiku.com covering various women's topics, Mobimoto.com about the automotive world, and Himedik.com with health-related content.

In 2018, Arkadia became a publicly traded company by conducting an IPO on the Indonesia Stock Exchange (IDX) with the stock code DIGI. It was followed the following year by the development of the news-commerce portal Serbada.com and the expansion of the Suara Regional platform.

In 2020, Arkadia launched the self-service advertising portal Iklandisini.com, followed by Beritahits.id, Yoursay.id, and others in 2021. In March 2022, the company launched TheIndonesia.id, a portal that provides content in English for global readers, and recently, in March 2023, it launched the video-specific portal Clickmov.com.

Arkadia has also been running a content partnership program since May 2022, and in March 2023, it launched the Nexus Creator Hub as a program and platform for collaboration between influencers and clients.