Huanju Group releases Q1 2024 financial report: Net profit of the group increased by 34.8% year-on-year
丽颜美容院郧
发表于 2024-5-29 15:04:07
1253
0
0
Huanju Group released its first quarter financial report for 2024 on the 29th. In the first quarter, Huanju Group's revenue was 564.6 million US dollars, of which the core sector's BIGO revenue was 505.2 million US dollars. Under non US GAAP accounting standards, the group's net profit increased by 34.8% year-on-year to $67.2 million, with a net profit margin of 11.9%, a year-on-year increase of 3.4 percentage points. The group continued to record healthy positive operating cash flows of $75 million.
Li Xueling, Chairman and CEO of Huanju, stated that in the first quarter, Huanju insisted on promoting targeted operational strategies and its business performance exceeded expectations. BIGO's revenue increased by 8% year-on-year, continuing the trend of revenue recovery. In addition, the group is steadily promoting diversified monetization, BIGO's non live streaming revenue increased significantly year-on-year.
In the first quarter, the core business sector BIGO of Huanju Group showed a positive upward trend, BIGO's revenue continued to recover for three consecutive quarters year-on-year, achieving an 8% year-on-year growth and a 6.9% year-on-year increase in the number of paying users, Developed countries in the BIGO sector achieved double-digit year-on-year growth in live streaming revenue. In the first quarter, the performance of various product lines of the group was stable, Likee's advertising revenue increased by 1.1 times year-on-year and continues to maintain profitability, Hago's operating cash flow continues to be positive.
The global localization operation team of Huanju Group continues to carry out various online and offline integration and innovative market operation activities. In the first quarter, Bigo Live has launched an intelligent management backend for broadcasters and brokerage companies, greatly improving the efficiency of KOL signing and cooperation management through automated business operations. In the first quarter, the number of signed broadcasters increased by 4.9% compared to the previous quarter; Likee has iterated and upgraded around social interaction mechanisms and creator incentive measures, and has achieved positive results; Hago further integrates gamification into interactive and paid gameplay, promoting user social and paid activity. In the first quarter, The social activity of users on Hago has further increased, with an average stay time of 2.8% to 102 minutes on social media channels and a 2.9% increase in average stay time for multi person voice rooms.
In March, Huanju Group launched regional special events with multiple products in the Middle East, Southeast Asia and other regions to help users celebrate holidays and convey blessings. At the same time, it collaborated with multiple international charity organizations to launch multiple charitable donation activities, led by the platform, encouraging users to provide donations and assistance to local impoverished, sick families, and children.
Huanju Group was established in Guangzhou in 2005 and went public in November 2012. Huanju Group has entered the entertainment live streaming industry and deeply laid out industries such as e-commerce and finance, incubating Bigo Live Likee, Hago and other Internet products in different fields.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Taotian Change Hands! Alibaba Group CEO Wu Yongming concurrently serves as Taotian Group CEO
- Alibaba Taotian Group Changes to "Handsome" Former CEO to Establish Group Asset Management Company
- Q4 and full year financial reports of Huanju Group: revenue decline, net profit surge, slow recovery of BIGO business
- Huanju Group's net profit increased by 46.8% year-on-year in 2023 and is currently discussing actions to terminate YY transactions with Baidu
- Ant Group Initiates Organizational Adjustment: Han Xinyi Promotes to Group President, "1+3" Business Pattern Appears
- Hesai Technology and GAC Group Achieve Cooperation
- Hesai Technology and GAC Group Achieve Cooperation
- The three major indexes of the US stock market have fluctuated, with many "retail investors holding together stocks" experiencing a surge. Popular Chinese concept stocks have generally risen
- Huanju Group's net revenue in the first quarter was 564.6 million US dollars, compared to 583.6 million US dollars in the same period last year
- Perspective on the second quarter financial report of Joyful Group: Developed country markets continue to recover, while the recovery of the Middle East market will take time
-
苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。 郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
- uturn
- 前天 14:42
- 支持
- 反对
- 回复
- 收藏
-
10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
- yxtianyouyou
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
- blueskybb
- 昨天 09:27
- 支持
- 反对
- 回复
- 收藏
-
近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
- llyyy2008
- 昨天 11:01
- 支持
- 反对
- 回复
- 收藏