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CARSOME achieves first full-year profitability with US$10.5M EBITDA, and celebrates the team’s 10th anniversary | Markup #1172

April 2, 2025 · 1 min read
Photo credit: CARSOME

Double Happiness

  • 500-backed automotive e-commerce platform CARSOME Group has reached a major milestone — US$10.5M in EBITDA (adjusted earnings before interest, taxes, depreciation, and amortization) — marking their first full year of profitability in 2024 since launching!
  • “Achieving full-year profitability is a defining milestone for Carsome as we enter our 10th year, demonstrating the strength of our business model and our ability to generate sustainable shareholder value. We look forward to continuing this momentum into 2025,” shared Co-founder & Group CEO Eric Cheng.
  • The company’s success comes from better margins, stronger earnings from platform services, growth in ancillary services revenue, and lower costs in refurbishment and logistics.
  • With their growing financial strength, the team is expanding partnerships with banks and financial institutions to make car financing for everyone easier. Their partnership with Japan Consumer Credit Service will offer more financing options, helping especially those in underserved markets get better access to credit.
  • Eric also revealed that CARSOME plans to invest further in their ecosystem, making car ownership more accessible for everyone.
  • Read the full story on TechNode Global.
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