BRIEF: AI drives Newborn Town’s profit，revenue growth
Social media operator Newborn Town Inc. (9911.HK) said on Wednesday it expects to report revenue of 6.76 billion yuan ($980 million) to 7 billion yuan for 2025, up 32.8% to 37.5% year-on-year. It expects to report a net profit of between 900 million yuan and 940 million yuan for the year, up 87.5% to 95.8% from 2024.
The company added it expects to report adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between 1.18 billion yuan and 1.22 billion yuan for the year, up 22.5% to 26.7% from 2024.
Newborn Town credited its leveraging of AI across its diversified social product portfolio for the gains, coupled with completion of its acquisition of non-controlling interests in NBT Social Networking Inc. at the end of 2024.
Shares of Newborn Town opened up 3.7% at HK$8.92 on Thursday. The stock is down 37% from its 52-week high.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
