Celsius Holdings’ Revenue Breakdown Worldwide (2017- 2022)

This statistic highlights Celsius Holdings’ Revenue Breakdown Worldwide, split across North American, European, Asian and Other Revenue, reported on a quarterly basis, from Q1 2017 onwards.

Celsius Holdings’ Revenue Breakdown Worldwide

Celsius Holdings’ total revenue increased from $36.84 million in Q3 2020 to $94.91 million in Q3 2021, indicating a tremendous growth of approximately 158% on a year-on-year basis. This growth can be traced mainly due to increased revenue from North America, which approximately contributed 99% of this growth. It also grew by 46% on a quarterly basis, from $65.07 million earned in Q2 2021 to $94.91 million earned in Q3 2021.

The continued enormous growth in traditional distribution channels, in addition to an expansion and development of the company’s product presence in world-class retailers, are the chief reasons behind the growth in North American revenue. The significant growth in distributor revenues as compared to the previous year quarter is due to the continued development of the company’s Direct Store Delivery network. Furthermore, the fitness and vending channels also reflected triple digit growth in incremental revenue when compared to the prior year period, during which many fitness facilities were closed due to the COVID-19 pandemic.

Celsius Holdings’ revenue can be classified into the following:

(All figures in millions, except percentages)

North American Revenue

All of the company’s North American revenue is derived from the United States, which is the company’s country of domicile. The North American Region’s revenue witnessed an increase from $26.89 million in Q3 2020 to $84.49 million in Q3 2021. This indicates a dramatic growth of 214% on a year-on-year basis. It also increased from $53.60 million in Q2 2021 to $84.49 in Q3 2021, marking a growth of 58% on a quarter-on-quarter basis. The contribution of North America in total revenue for the period Q3 2021 stood at 89.02%.

European Revenue

The majority of the European revenue comes from Sweden. The European Revenue stood at $9.54 million in Q3 2021, which was basically unchanged from the previous year’s quarter, i.e., $9.53 million, projecting an increase of a mere 0.1%. Besides, it declined by 11% as compared to $10.79 million in Q2 2021, on a quarterly basis. The Europe region contributed 10.05% to the total revenue generated during Q3 2021.

Asian Revenue

The Asian Revenue, which includes royalty revenues from the China licensee, marked an increase from $0.27 million in Q3 2020 to $0.71 million in Q3 2021, witnessing a huge growth of 163% on a yearly basis. It also grew from $0.62 million in Q2 2021 to $0.71 million in Q3 2021, making an incline of 14% on a quarterly basis. However, the Asian region contributed only 0.74% to the total revenue generated in the latest quarter of 2021.

Others

The other international markets generated $0.18 million revenue in Q3 2021, which was an incline of 20% as compared to $0.15 million in Q3 2020 on a yearly basis. On a quarter-on-quarter basis, it also witnessed an increase of 200% as compared to $0.06 million in Q2 2021. The Other Revenue comprises 0.19% of the total revenue for the latest quarter of Q3 2021.

About Celsius Holdings

Celsius Holdings Inc., incorporated on April 26, 2005, under the laws of the State of Nevada, operates as a holding company. The Company, through its subsidiaries, is engaged in the development, marketing, sale, and distribution of calorie-burning fitness beverages under the brand name “Celsius”. The Celsius business line is soy, gluten, kosher and vegan-certified, and sugar-free. On October 25, 2019, the Company acquired 100% of Func Food Group. Since 2015, Func Food has been the Nordic merchandiser for the company. Func Food primarily deals in nutritional supplements, health food products, and beverages. Celsius Holdings serves a major portion of its clients in the United States. The common stock of the company is listed on the NASDAQ under the ticker CELH.

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