Yeung: Prenetics' revenue plunged 95% after reaching $272M in 2022
Danny Yeung · A high school dropout reveals how he built a $200M brand · Sep 7, 2026 · at 4:09
Danny Yeung explains how quickly revenue evaporated at Prenetics once the pandemic subsided.
0:00 / 0:16exact quote · 16.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We, I think in 2022, yeah, we did, you know, two hundred and seventy-two million revenue. Right? And basically, 40,000 tests turned to nothing, right? So basically, you know, our revenue dropped by a 95%.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Danny Yeung
Yeung says Prenetics never produced a false positive or negative in HK
“We're the only testing provider that never had a f**k up when it came to false positives and false negatives.”
Yeung: Meta ad buying is commoditized; creative assets now handle the targeting
“Ad buying is like a commodity, right? Now, yeah, before, a few years ago, you have to be really, really good at ad buying, but now Meta does all of that for you already, right? You don't need to do the targeting. You don't need to do all this stuff, right? All…”
Yeung: Operating successfully in China requires a completely different model and team
“And to be fair, 99% of American companies go into China and think they can just succeed with the same business model. And for China to operate it successfully, you need to a completely different business model, completely different team.”
Yeung: IM8 doubled marketing spend to $33M while CAC decreased
“If you look at what happened in Q two versus Q one, our CAC was three or five, right? Our average order value is about 230 dollars, right? So and we doubled our marketing spend in Q two, right? We doubled it from about 17 to thirty three million dollars in a q…”