Web-hosting startup Hostinger hit €110M revenue in 2023, praises AI for 57% growth

Web-hosting platform Hostinger today announced a 57% year-on-year growth of its consolidated revenue, reaching €110.2mn in 2023 — surpassing the €100mn milestone for the first time since its founding in 2004. This was also Hostinger’s first year of EBITDA profitability. The Lithuanian company reached € 2.4mn in EBITDA profit, while maintaining positive cash flow. Born in Vilnius, Hostinger helps its customers scale their online activity, offering products and services for use cases spanning from portfolio websites to blogs and e-shops. According to the company, a major factor behind last year’s financial landmarks is the adoption of AI across its hosting, e-commerce, and…

This story continues at The Next Web

from LatestTechyTalks