Newborn Town (HKG:9911) expects to record Higher Revenues for Social Networking, Innovative Businesses

MT Newswires Live
01-21

The revenue from the group's social networking business is expected to be between 4.52 billion yuan and 4.72 billion yuan for 2024, 54.3% to 61.1% higher than 2023's revenue.

The revenue from the group's innovative business is expected to be between 440 million yuan and 480 million yuan, 16.1% to 26.6% higher than the preceding year.

The recharge from the group's niche games reached 705 million yuan in 2024, 80.4% higher than in 2023.

The said business' accumulative downloads rose by 5.7% year-on-year to 780 million during the reporting year, while its average monthly active users increased to 31.7 million in the fourth quarter of 2024, 9.5% higher than that of the third quarter.

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