Hyve Group Achieved 60% Revenue Growth in 2024
Hyve Achieved 60% Revenue Growth in 2024
Hyve Group closed 2024 with a 60% revenue increase, reaching $316m, driven by 17% organic growth and acquisitions of HLTH and POSSIBLE, expanding into healthcare and marketing sectors.
Key drivers include:
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- Launch of Shoptalk Fall event
- Expansion of events and growth across meeting programs (190,000 one-on-one meetings, 96% completion rate, up 27% from 2023)
- Integration of acquired events
- Implementation of digitization strategy
CEO Mark Shashoua’s Insights:
“It has now been eighteen months since Hyve became a private business and in that time, we have accelerated our growth plans.
“With a proven strategy in place, we have continued to deliver game-changing impact for our customers.
“Our strong financial performance has been driven by our team’s relentless focus on innovation – adding a Fall edition into our Shoptalk portfolio, scaling existing events through our expanded meeting programmes and securing two major acquisitions, taking us into new and exciting growth sectors.”
2024 Achievements:
- HLTH became the company’s largest revenue generator, while POSSIBLE saw increased customer engagement.
- Introduced GO27, a three-year growth plan targeting market expansion, customer retention, and portfolio growth.
- Hyve expanded its leadership team with new positions including Chief Operating Officer, Executive Vice President of Global Brands, Transformation Director and more.
2025 Outlook:
- Plans include organic growth, targeted M&A, and continued leadership in global events, supported by a strong balance sheet.
- Hyve operates 30 events across 10 sectors, with over 3,000 speakers delivering 500 hours of content in 2024.
With a Net Promoter Score of 46 across major events and 650+ employees, Hyve aims to maintain momentum into another transformative year.