BRIEF: Olympics provides lift to Weibo’s profit
Social media platform Weibo Corp. (WB.US; 9898.HK) announced on Tuesday its revenue rose 5% to $464.5 million year-on-year in third-quarter. It credited the growth to strong ad revenues from certain key…
Yalla holds out 2025 as its ‘Year of the Game’ as growth picks up
The Middle Eastern social media company held two major live events in the third quarter, as it prepares to start testing its new self-developed mid-core games by year-end Key Takeaways:…
BRIEF: BofA downgrades Hello Group on livestreaming, dividend concerns
Bank of America lowered its rating on dating app Hello Group (MOMO.US) by two notches to “underperform,” citing weakness in China’s livestreaming market and the possibility that the company’s next…
Newborn Town reports blowout business, but investors fail to move in
The social networking company reported strong performance in the first three quarters of the year, including revenue growth of more than 60% Key Takeaways: Newborn Town’s revenue grew between 60.7%…
BRIEF: Newborn Town’s profit grows, but at a high cost
Social media platform operator Newborn Town Inc. (9911.HK) said its profit rose 28% to 225 million yuan ($32 million) in the first half of this year, according to its interim…
Weibo pins hope on Olympics to boost its advertising revenue
The veteran Chinese social media platform been losing market share to video-based competitors such as Douyin, Kuaishou and Xiaohongshu Key Takeaways: Weibo’s first-quarter revenue fell 4%, hit by declining income…
Yalla in cruise mode as it looks for new racetrack to test its tires
The Middle Eastern social media and gaming company reported its revenue rose 7.1% in the first quarter, as its profit increased much faster on greater efficiencies Key Takeaways: Yalla’s revenue…
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