Antelope Enterprise reports FY23 preliminary revenue $70.4M vs $42.6M last year

Antelope Enterprise Holdings pre-announced unaudited revenue of $70.4 million for its fiscal year ended December 31, 2023. This represents revenue growth of 65.3% compared to $42.6 million in revenue recorded for the full fiscal year of 2022. It also presents growth of 73.0% as compared to $40.7 million in revenue generated from the Company’s livestreaming ecommerce business, which represented 84.5% of total revenue generated in fiscal year 2022. Antelope Enterprise CEO Will Zhang commented, “Our projected full year 2023 revenue clearly validates our business model and the value that we provide to both our consumer brand partners and livestreaming ecommerce influencers. The projected 85% growth in revenue from our ecommerce livestreaming business as compared to fiscal 2022 is a powerful indicator of the the growth of livestreaming ecommerce model within the ecommerce sector as well as our robust business model. Our goal going forward to implement new and creative ways to achieve corporate growth and to maximize shareholder value.”