{"id":5714,"date":"2025-04-02T00:00:00","date_gmt":"2025-04-01T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5714"},"modified":"2025-04-01T23:59:15","modified_gmt":"2025-04-01T15:59:15","slug":"carsome-achieves-first-full-year-profitability-with-us10-5m-ebitda-and-celebrates-the-teams-10th-anniversary-markup-1172","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5714","title":{"rendered":"CARSOME achieves first full-year profitability with US$10.5M EBITDA, and celebrates the team\u2019s 10th anniversary | Markup #1172"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcvxtD1bdNXh9atLQidQksw-i3azqD5c593qI_t-G18PmppW-00DEUH7E_8lgUW3QK_tJ64XXlb6bJPmwe3uTNPDLAq-8FUNmNxfJ8KcUJJFveY5MN3buLdEgvIaT8RkTwZSMkFpQ?key=_8O3y1DMcOy66bPcct2RtSw1\" alt=\"\" style=\"width:554px;height:auto\"\/><figcaption class=\"wp-element-caption\">Photo credit: CARSOME<\/figcaption><\/figure>\n<\/div>\n\n\n<p><strong>Double Happiness<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>500-backed automotive e-commerce platform <a href=\"http:\/\/carsome.my\">CARSOME Group<\/a> has reached a major milestone \u2014 US$10.5M in EBITDA (adjusted earnings before interest, taxes, depreciation, and amortization) \u2014 marking their first full year of profitability in 2024 since launching!<\/li>\n\n\n\n<li>\u201cAchieving 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,\u201d shared Co-founder &amp; Group CEO <a href=\"https:\/\/www.linkedin.com\/in\/ericcheng85\/\">Eric Cheng<\/a>.<\/li>\n\n\n\n<li>The company\u2019s success comes from better margins, stronger earnings from platform services, growth in ancillary services revenue, and lower costs in refurbishment and logistics.<\/li>\n\n\n\n<li>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.<\/li>\n\n\n\n<li>Eric also revealed that CARSOME plans to invest further in their ecosystem, making car ownership more accessible for everyone.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3E9tU1M\">TechNode Global<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Double Happiness<\/p>\n","protected":false},"author":5,"featured_media":5715,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[341],"class_list":["post-5714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-carsome"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CARSOME achieves first full-year profitability with US$10.5M EBITDA, and celebrates the team\u2019s 10th anniversary | Markup #1172 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=5714\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CARSOME achieves first full-year profitability with US$10.5M EBITDA, and celebrates the team\u2019s 10th anniversary | Markup #1172 - Markup\" \/>\n<meta property=\"og:description\" content=\"Double Happiness\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=5714\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-01T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-01T15:59:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2025\/04\/1172-CARSOME-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5714#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2025\/04\/1172-CARSOME-1.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2025\/04\/1172-CARSOME-1.jpg\",\"width\":1080,\"height\":1350},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5714#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=5714\",\"name\":\"CARSOME achieves first full-year profitability with US$10.5M EBITDA, and celebrates the team\u2019s 10th anniversary | Markup #1172 - 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