DDC Revenue Jumps 29%, Adjusted EBITDA Turns Positive Amid Bitcoin Boom

DDC Enterprise Limited, the company behind the DDC brand, has reported its latest financial results. The data shows that revenue increased by 29% year-over-year to $20.2 million, with gross profit up 17.5%. However, gross margin did decline by 300 basis points.

The company's adjusted EBITDA turned positive at $1.2 million, a significant improvement from previous periods. DDC also made notable gains in its cryptocurrency holdings, with Bitcoin increasing by 145% to reach 2,899 BTC.

In addition to the financial results, the company has announced an 18-month, $10 million share repurchase program. This move aims to strengthen the company's balance sheet and create value for shareholders.