Perfect Corp.’s Q4 2024 Earnings Call: Key Insights
On February 26, 2025, Perfect Corp. (NYSE: PERF) held its Fourth Quarter 2024 and Full Year 2024 Earnings Conference Call. The call was hosted by Jimmy Xia, Investor Relations, Alice Chang, Founder, Chairwoman and Chief Executive Officer, Louis Chen, Executive Vice President and Chief Strategy Officer, and Iris Chen, Vice President, Finance and Accounting. Below are some of the notable points discussed during the call:
Financial Performance
Alice Chang started the call by sharing the company’s financial performance. She highlighted that the company’s revenue for Q4 2024 came in at $125.6 million, representing a 32% year-over-year increase. For the full year 2024, the company reported revenue of $425.2 million, a 28% year-over-year growth. The net income for Q4 2024 was $32.5 million, and for the full year 2024, it was $106.7 million.
Business Updates
Louis Chen provided updates on the company’s business. He mentioned that the company’s virtual try-on technology, YouCam Makeup, saw a significant increase in usage during the holiday season, with over 100 million virtual try-ons in Q4 2024. He also shared that the company has expanded its partnerships with beauty brands, including L’Oréal, Estée Lauder, and Shiseido, and has entered into new partnerships with retailers such as Sephora and Ulta.
Product Innovation
Iris Chen discussed the company’s product innovation. She announced that the company has launched a new virtual fitting room solution, which allows consumers to try on clothes virtually using augmented reality technology. She also shared that the company is working on integrating artificial intelligence and machine learning into its virtual try-on technology to provide more accurate and personalized recommendations.
Impact on Consumers
The earnings call provided insights into how Perfect Corp.’s technology is impacting consumers. The virtual try-on technology is allowing consumers to try on makeup and clothes virtually, providing a more convenient and contactless shopping experience. The technology is also providing more accurate and personalized recommendations, which can help consumers make better purchasing decisions.
Impact on the World
The adoption of virtual try-on technology by Perfect Corp. and other companies in the industry is expected to have a significant impact on the retail and beauty industries. The technology is expected to provide a more convenient and personalized shopping experience for consumers, which can lead to increased sales and customer loyalty. It can also reduce the need for physical stores, which can help save costs and reduce carbon emissions.
Conclusion
Perfect Corp.’s Q4 2024 and Full Year 2024 Earnings Call provided valuable insights into the company’s financial performance, business updates, and product innovation. The company’s virtual try-on technology is impacting consumers by providing a more convenient and personalized shopping experience, and it is expected to have a significant impact on the retail and beauty industries. As more companies adopt this technology, we can expect to see a shift towards more convenient and contactless shopping experiences, which can lead to increased sales and customer loyalty.
- Perfect Corp. reported revenue of $125.6 million in Q4 2024, representing a 32% year-over-year increase.
- The company reported net income of $32.5 million in Q4 2024 and $106.7 million for the full year 2024.
- Virtual try-on technology, YouCam Makeup, saw over 100 million virtual try-ons in Q4 2024.
- Perfect Corp. has expanded partnerships with beauty brands and retailers.
- The company is working on integrating AI and machine learning into its virtual try-on technology.
- Virtual try-on technology is expected to provide a more convenient and personalized shopping experience for consumers.
- The technology is expected to have a significant impact on the retail and beauty industries.
