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Zhongtai Securities: In 24Q3, the internal investment in game funds contracted while expanding externally, improving profitability.
Against the backdrop of economic contraction, the cost reduction and efficiency improvement effects are gradually appearing, enhancing profitability. The operating profit for 24Q1~24Q3 was 2.4, 2.755, 3.163 billion respectively, with a significant increase of 14.8% quarter-on-quarter in 24Q3.
Giant Network Group (002558.SZ): cumulatively repurchased 0.43% of shares, spending 76.8916 million yuan
On November 4th, Giant Network Group (002558.SZ) announced that, as of October 31, 2024, the company has repurchased a total of 8,396,400 shares through centralized competitive bidding, accounting for 0.43% of the total share capital, with a highest fill price of 9.94 yuan per share, a lowest fill price of 8.64 yuan per share, and a total trade amount of 76,891,592.00 yuan (excluding transaction fees). This repurchase complies with relevant laws and regulations and is in line with the company's established repurchase program.
Revenue Beat: Giant Network Group Co., Ltd. Exceeded Revenue Forecasts By 7.7% And Analysts Are Updating Their Estimates
Giant Network's Q3 Profit Slides 16%
Giant Network: Q3 2024 Report
Giant Network Group (002558.SZ) achieved a third-quarter revenue of 0.791 billion yuan, with mini-games being the main driving force behind the performance growth.
On October 30, Giant Network Group (002558.SZ) released the third quarter report for 2024. The company achieved revenue of 0.791 billion yuan in the third quarter, net income attributable to the parent company of 0.353 billion yuan, and non-net income attributable to the parent company of 0.39 billion yuan.
There's No Escaping Giant Network Group Co., Ltd.'s (SZSE:002558) Muted Earnings Despite A 29% Share Price RiseNo Data
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