{"id":99771,"date":"2025-08-27T13:52:08","date_gmt":"2025-08-27T13:52:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/99771\/"},"modified":"2025-08-27T13:52:08","modified_gmt":"2025-08-27T13:52:08","slug":"childrens-speakers-startup-yoto-saw-sales-grow-by-86-in-2024","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/99771\/","title":{"rendered":"Children\u2019s speakers startup Yoto saw sales grow by 86% in 2024"},"content":{"rendered":"<p>UK-based startup Yoto is seeing strong growth for its business in children\u2019s speakers and related content \u2013\u00a0including music. The company\u00a0<a href=\"https:\/\/www.ft.com\/content\/fbd8dbbc-3b47-45d6-a380-1e973c61d903\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">told the Financial Times<\/a>\u00a0that its revenues grew by 86% in 2024 to $94.8m ($127.6m at current exchange rates) \u2013\u00a0and this on top of an 84% rise the previous year. <\/p>\n<p>Yoto wasn\u2019t profitable in 2024: its losses grew from $3.4m in 2023 to $8.4m last year, with the company blaming a \u00a37m hit from a battery recall for one of its speakers. \u201cWe expect to be profitable on any basis this year,\u201d CEO Ben Drury told the FT. <\/p>\n<p>The news comes two months after Yoto announced a significant addition to its board: former Apple director of engineering Jesse Dorogusker, who also did a stint as CEO of music service Tidal. \u201cHardware + software + services are complex products and companies to build. Also my favorite,\u201d\u00a0<a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7343956256111443968?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A7343956256111443968%2C7345911677445382145%29&amp;dashCommentUrn=urn%3Ali%3Afsd_comment%3A%287345911677445382145%2Curn%3Ali%3Aactivity%3A7343956256111443968%29\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">he wrote in a LinkedIn post at the time<\/a>. <\/p>\n<p>Yoto raised\u00a0<a href=\"https:\/\/musically.com\/2024\/06\/25\/childrens-speaker-startup-yoto-raises-22m-funding-round\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$22m of Series B funding<\/a>\u00a0in 2023 as its business grew, with the round led by Meta CEO Mark Zuckerberg and his wife Priscilla Chan\u2019s investment fund.<\/p>\n<p>Related Stories\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"UK-based startup Yoto is seeing strong growth for its business in children\u2019s speakers and related content \u2013\u00a0including music.&hellip;\n","protected":false},"author":2,"featured_media":99772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,63,65216,12756,72770,1483,105,72771],"class_list":{"0":"post-99771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology","8":"tag-au","9":"tag-australia","10":"tag-financials","11":"tag-kids","12":"tag-smart-speakers","13":"tag-startups","14":"tag-technology","15":"tag-yoto"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/99771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=99771"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/99771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/99772"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=99771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=99771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=99771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}