BRIEF: Newborn Town net profit doubles in first half of 2025
Social media operator Newborn Town Inc. (9911.HK) announced on Wednesday that it expects to report revenue for the first half of this year between 3.14 billion yuan ($436 million) and 3.22 billion yuan, representing a year-on-year increase of 38% to 41.5%. It expects to report a net profit of between 470 million and 510 million yuan, up 108.9% to 126.7% year-on-year.
The company attributed the strong performance to the continued application of AI technologies, which have supported the steady growth of its diversified portfolio of social products, driving both revenue and profit growth. Newborn Town also completed the acquisition of social entertainment firm NBT Social Networking Inc. last December, and began consolidating the company’s full financials with its own.
Following the earnings release, shares of Newborn Town opened 9.3% higher on Thursday, and closed at HK$11.1 by the midday break, up 8.40%.
By Lee Shih Ta
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