14:10 h / 2020/12/09
Funtastic has reported increased revenue and gross profit for November following the acquisition of Toys R Us Australia and Hobby Warehouse Group.
Releasing a statement to the ASX, the business reported a 60% increase in consolidated revenue to $7.1 million in November versus the prior comparable period (pcp).
Funtastic also reported that consolidated gross profit was up 78% to $2 million in November.
Meanwhile, the business also reported that consolidated revenue for Q1 FY21* was $14 million, generating a consolidated gross profit of $3.6 million for the quarter.
The business reports that the Toys R Us website also delivered strong results in November, reporting that total organic and direct sessions (excluding paid search) increased by more than 200% versus pcp.
Toys R Us' organic google search impression increased by more than 360% in November versus pcp, while the average cost per conversion via paid click advertising (excluding organic conversion) decreased to a low of $6.30.
*The financial year for Funtastic Limited extends from August to July, with Q1 represented by August to October.