demand (ASX:SEK)the leading online employment marketplace, held its 2024 Annual General Meeting today. The company announced its 2025 guidance and trading update, highlighting its focus on the Asia Pacific (APAC) region. This strategic focus follows the sale of Latin American assets in mid-2024 and will allow the company to focus on markets where it has a strong presence, including Australia, New Zealand and key regions in Asia.

SEEK also completed a platform integration project to bring together systems such as enterprise resource planning (ERP) software to streamline financial and operational processes and customer relationship management (CRM) tools designed to enhance customer engagement. also announced. These upgrades are aimed at increasing SEEK’s operational efficiency and scalability in the APAC market.

CEO Ian Narev highlighted the company’s continued investment in AI-driven technology. “Our market-leading network effects and data have enabled us to continually improve our AI matching and validation systems. This allows us to achieve superior yield increases while our customers receive higher quality You will be able to experience the results.”

In FY24, SEEK reported revenue from continuing operations of $1.084 billion, down 6% year over year. Adjusted net profit after tax (NPAT) decreased 33% to $177 million, and EBITDA decreased 14% to $469 million. Although macroeconomic headwinds impacted results, SEEK maintained stable spending and reduced capital expenditures by 8%.

SEEK reaffirms its FY25 revenue guidance of $1.02 billion to $1.14 billion, with high-single-digit revenue growth expected across APAC. Australia outperformed due to falling unemployment, but volumes in New Zealand and parts of Asia, particularly Hong Kong, have been weaker due to economic uncertainty.

Reiterating SEEK’s medium-term goal of achieving $2 billion in annual revenue, Narev said, “Thanks to the foundation we have built through platform integration, we are able to focus on growth rather than infrastructure and create greater efficiency.” and scale can be achieved.”

The market seems to agree. SEEK’s stock price rose 3.52% to close at $26.44.