BRIEF: Strawbear Entertainment swings into the red in first half of 2025
TV drama producer and distributor Strawbear Entertainment Group (2125.HK) said on Tuesday it expects to report it swung into the red in the first half of 2025, citing a smaller volume of its dramas that were aired during the period.
The company said it expects to report a net loss of between 3.5 million yuan ($488,000) and 8 million yuan for the six months through June, reversing a profit of 29.9 million yuan in the year-ago period. It added that on an adjusted basis, it expects to report between a net loss of about 2.9 million yuan and a profit of 1.6 million yuan for the first half of 2025, compared with a net profit of 37.9 million yuan a year earlier.
“The above changes were primarily attributable to a decrease in revenue, resulting from the reduced number of episodes broadcast as the episode contents broadcast by the group in the first half of 2025 were ‘boutique and premium’ innovative episodic contents with smaller number of episodes, while the group’s operating cost remained relatively stable,” it said.
Strawbear’s stock opened lower on Wednesday and was down 6.7% at HK$0.56 in early trade. The stock is up about 18% this year.
By Doug Young
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