Summary by Moomoo AI
Vobile Group (VOBILE GROUP) announced its 2024 interim report, with total revenue reaching 1.181 billion Hong Kong dollars, an increase of 17.7% compared to the same period in 2023. Subscription service revenue accounted for 46.2% of total revenue, while value-added service revenue accounted for 53.8%. Revenue from the China business area increased by 8.0%, while revenue from the USA and other business areas increased by 30.1%. Gross profit increased by 28.3%, with gross margin rising to 42.7%. Net profit increased by 36.5% to 46 million Hong Kong dollars. Adjusted net profit and EBITDA increased by 10.7% and 8.3% respectively. The company's strategic focus is on the AIGC field and has accumulated significant advantages in copyright protection and monetization services. During the period, Vobile Group made progress in technological innovation and business upgrading, becoming a leader in digital content asset trading. The board of directors does not recommend the distribution of interim dividends.