ONE Great Studio Company Limited (1GS) has seen a significant rise in revenues, with an impressive 187% increase, according to their Q2 2023 Shareholders Report. This can be attributed to the company’s decision to expand beyond Jamaica, with over 80% of its revenue now coming from international markets. The main driver behind this growth is their successful search engine optimization (SEO) business, which was further strengthened by acquiring HVSEO, contributing $91.2 million in revenue.
In the three months ending June 30, 2023, 1GS achieved a total revenue of $120.5 million, more than double the amount recorded in the same period last year. This growth in profit has led to an increase in shareholder equity, which now stands at $251.9 million.
The company’s success is due to its diverse revenue streams, with web and app development being the second-largest income generator. Additionally, integrating SEO strategies has significantly boosted 1GS’s income, with North America contributing 60% of the total income. Jamaica and the Caribbean followed closely with 22%, while Europe and Asia & Oceania regions accounted for 10% and 7%, respectively.
As part of its business development strategy, 1GS has focused on expanding into Europe and Australia. Recognizing the growth potential in these regions, the company has leveraged its team of German and Spanish speakers to operate in multiple languages, gaining a competitive advantage. By tapping into these markets, 1GS aims to increase its visibility and brand recognition, following a successful listing on the Jamaica Stock Exchange (JSE).
Djuvane Browne, the co-founder and CEO of 1GS, expressed his enthusiasm about the company’s growth trajectory, highlighting the crucial role the SEO acquisition played in driving revenue. Browne emphasized the integration of the SEO business line and cross-selling services to new clients obtained from HVSEO as essential elements of 1GS’s medium-term growth strategy.
To sustain their growth, 1GS plans to explore further strategic acquisitions and innovative packaging of their products and services to captivate the market and tap into new revenue streams. Expanding their business development resources and making strategic investments will further enhance 1GS’s ability to expand its reach and drive future growth.
With over 80% of its revenue generated outside of Jamaica, 1GS’s success story demonstrates its commitment to international expansion. By venturing into Europe and Australia, the company is well-positioned to tap into new markets, diversify its customer base, and solidify its position as a global leader in the digital agency industry.
Shareholders and industry experts eagerly anticipate the next steps for 1GS as it continues its upward trajectory. With a strong foundation, a dynamic business strategy, and a track record of remarkable growth, 1GS is poised to capitalize on emerging opportunities and shape the future of the digital agency landscape.
In conclusion, ONE Great Studio Company Limited’s exceptional revenue surge and expansion into Europe and Australia demonstrate the company’s ability to adapt, innovate, and achieve extraordinary growth. With a focus on SEO integration, strategic acquisitions, and international expansion, 1GS has firmly established itself as a leading player in the digital agency space, poised for even greater success in the future.