Alibaba Pictures (01060) announced interim results for the six months ended September 30, 2024, achieving revenue of about 3...
According to the Zhitong Finance App, Alibaba Pictures (01060) announced interim results for the six months ended September 30, 2024, achieving revenue of about 3.051 billion yuan, up 17% year on year; gross profit of about 1.316 billion yuan, up 18.21% year on year; profit attributable to company owners about 0.337 billion yuan, adjusted EBITA of about 0.642 billion yuan, an increase of 39% year on year.
During the reporting period, the company continued to firmly implement the “content+technology” two-wheel drive strategy. Under the premise of exploring various commercial models with content as the core, the company continued to stabilize the advantages of ticketing platforms, increase long-term investment in scientific and technological innovation, actively optimize operation and management strategies, and achieved business breakthroughs and development in a complex and changing market environment.
As of the date of this announcement, the Group's reserve films are about 70, of which the number of projects to be screened is about 35, and the number of independent R&D and joint production projects is about 35. The above reserve films will be screened or gradually promoted according to market conditions.