Coc Coc Co Ltd

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Coc Coc Co Ltd - overview

Location

Hanoi, -, Vietnam

Primary Industry

Internet

About

Coc Coc Co Ltd specializes in developing a web browser tailored for Vietnamese users, enhancing their online experience through integrated features such as ad-blocking, video downloading, and AI tools. Coc Coc Co Ltd is focused on delivering a web browser designed specifically for the Vietnamese market. The company was founded in Hanoi, Vietnam, and has pursued a strategy of enhancing internet access and usability for local users. The firm raised USD 14 mn in funding from Hubert Burda Media on February 6, 2015, bringing the total amount raised to USD 14 mn.


The company is led by CEO Becky Bull, Jean-Paul Schmetz, and Vu-Anh Nguyen. Coc Coc primarily offers a web browser designed to enhance the online experience for Vietnamese users through various integrated features. The browser includes ad-blocking capabilities, a video downloader, and a built-in AI chat tool that aids users in creative tasks and quick information retrieval. Additional functionalities such as a media toolbar, direct torrent downloads, and dictionary access facilitate efficient work and entertainment.


This product was developed to cater to the specific needs of Vietnamese users, offering a seamless browsing experience across different devices, including desktop and mobile platforms. Coc Coc serves a diverse client base consisting mainly of individual consumers in Vietnam, with plans to expand into other Southeast Asian markets, leveraging its unique features tailored to local internet usage patterns. In 2023, Coc Coc reported a revenue of USD 7,760,179. 50, with an EBITDA of USD -860,351.


The company generates revenue through a combination of advertising partnerships and potential subscription-based models for premium features, primarily driven by ad impressions and collaborations with local firms seeking to reach the Vietnamese market effectively. Looking ahead, Coc Coc plans to launch new products designed to further enhance user experience, though specific release dates have not been disclosed. The company aims to expand its presence into other Southeast Asian markets by leveraging its tailored features for local internet usage patterns. The recent funding raised on February 6, 2015, from Hubert Burda Media will support these initiatives and assist in their growth strategy.


Current Investors

Hubert Burda Media

Primary Industry

Internet

Sub Industries

Search Engines

Website

www.coccoc.com

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Coc Coc Co Ltd - financials

Fiscal Year EndedDec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)211,986,146,408212,099,510,353207,779,039,289230,490,073,927232,534,232,244---
% Revenue Growth (YoY)-0.1%(2.0%)10.9%0.9%---
EBITDA (USD)28,307,092,747(10,451,214,712)(6,822,525,740)42,813,644,24151,838,451,007---
Operating Income (USD)20,630,603,863(20,712,385,478)(17,735,072,486)38,449,345,61046,285,474,554---
Operating Margin9.7%(9.8%)(8.5%)16.7%19.9%---
% EBITDA Margin13.4%(4.9%)(3.3%)18.6%22.3%---
NET Income (USD)16,972,787,647(25,863,292,579)(21,005,506,117)35,192,564,73746,430,291,905---
% Net Margin8.0%(12.2%)(10.1%)15.3%20.0%---

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