Arkadia Digital Media Sees 129% Net Profit Surge in 2024

TheIndonesia.co - PT Arkadia Digital Media Tbk (DIGI) reported a significant increase in financial performance throughout 2024, with both revenue and net profit rising notably compared to the previous year. This was presented by the company’s CEO, Suwarjono, during the Annual General Meeting of Shareholders (AGMS) held at Hotel Aryaduta, Jakarta, on Friday, June 20th, 2025.

The company’s 2024 revenue increased to IDR60.11 billion from IDR57.89 billion the previous year. Consolidated gross profit reached IDR28.94 billion, with consolidated operating expenses at IDR23.92 billion. This resulted in a consolidated operating profit of IDR 5.02 billion.

“The company recorded a net profit of IDR1.215 billion in 2024, representing a growth of approximately 129% year-over-year. This milestone reflects the resilience and robustness of our business model amid industry challenges,” Suwarjono said.

He attributed the revenue growth to business expansion and new initiatives during 2024, with the largest contributions coming from community-based programs, social media services, event management, advertising agency operations, and media ecosystem services in various regions.

New programs were developed to engage regional communities, MSMEs, thousands of university students, homeless media, content creators, local media, influencers, students, and youth concerned with economic issues via the Youth Economic Society (YES). Financial efficiency and operational restructuring also contributed to profit growth.

DIGI’s President Commissioner, Stephen Kurniawan Sulistyo, praised the performance:
“This net profit achievement confirms we are on the right track toward long-term sustainability and profitability.”

The AGMS was attended by the full Board of Directors and Commissioners. It included CEO Suwarjono, Director/CFO Fastabiqul Khair Algatot, President Commissioner Stephen Kurniawan Sulistyo, Commissioner Iwa Sukresno Karunia, and Independent Commissioner Ariyo Ali Suprapto.

One key item on the AGMS agenda was the approval of Fastabiqul Khair Algatot’s resignation and the appointment of Popi Puspitasari as the new Director.

In his presentation, Suwarjono emphasized the company’s commitment to sustainable growth through three core pillars:

• High-quality, diverse content production and distribution
• Media ecosystem-based business development
• Continuous innovation

As part of innovation, Arkadia has collaborated with both national and international partners, including independent content creators. Their Nexus Creator Hub connects local influencers (KOLs) with clients, now managed under a KOL Management initiative.

In 2024, Suara.com partnered with International Media Support (IMS) to launch the Local Media Community – a platform for small and regional media with ongoing programs such as:

• Startup for Media Startup (SMS)
• Women Media Startup
• Media Innovation Grant
• Local Media Summit

Suara.com also partnered with CORE Indonesia to hold the Youth Economic Summit targeting youth with a focus on economic issues.

After the AGMS, Suwarjono and newly appointed Director Popi Puspitasari delivered a Public Expose via Zoom. They presented the company's achievements, financial performance, product and service portfolio, and their optimism for DIGI’s continued growth.

They highlighted new revenue streams being explored in 2025, including:

• Suara Hijau, an environmental content platform focusing on energy transition.
• The Green Media Network, a collaborative network with dozens of local media outlets committed to environmental issues.

Three strategic development areas were also emphasized:

• Event management – a popular and growing segment.
• Agency services – via Archipelago Agency and Iklandisini.com, offering ad placement, social media handling, co-marketing, and PR consulting.
• Community building – with platforms like Yoursay.id (142,000+ members), MSME networks, campus communities, influencers, local media across Indonesia, and interest-based WhatsApp groups.

“In a challenging environment, media businesses must be innovative—sometimes even out of the box. We understand this well. That’s why Suara.com and our media portals, along with their content, are just part of what we offer,” Suwarjono concluded.