Company Overview - NIP Group Inc. is a leading global digital entertainment company focused on the evolution of gaming and esports, with a diversified ecosystem that includes esports teams, arenas, events, content and influencer networks, game publishing, and hospitality [4] Conference Participation - NIP Group's Co-CEO, Hicham Chahine, has been invited to speak at the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow," hosted by Maxim Group LLC on June 3, 2025 [1] - The conference will focus on how emerging growth companies are leveraging Quantum Computing and Artificial Intelligence (AI) to enhance their future positioning [2] Industry Engagement - The conference will feature dialogues with CEOs and key executives from various technology-focused businesses, emphasizing the impact of technology on company growth [2]

5月31日至6月1日，由星竞文娱主办、红鲤文化承办的千帆音乐季·奇遇海音乐节在北京市昌平区拉斐特城堡举办。这场融合了音乐、电竞、美食与文旅的 盛宴，邀请了19组音乐人、2支电竞战队加盟，吸引近7万乐迷前来打卡。 星竞文娱是星竞威武集团从数字体育向演出和娱乐领域横向发展的一次全新尝试。对此，星竞威武集团董事长兼CEO何猷君表示："星竞威武集团的建 立，植根于年轻人对于电竞的热爱和追求。电竞与音乐具有相同的精神内核。我们希望将这种对年轻人的理解和经验转化成生产力，打破传统娱乐形式的 边界，为年轻人创造一个全新的、更具活力和吸引力的舞台。我们相信，星竞文娱将为音乐和演出行业解锁更多可能性。" 年轻消费者，为何愿意不远千里奔赴音乐节，星竞文娱又如何将他们持续留在"奇遇海"？星竞文娱执行董事、CEO高原指出，年轻消费者正展示出"为情 绪和体验买单"的鲜明特质："年轻人对于娱乐的追求是多元的、个性化的。我们希望星竞文娱可以成为年轻人连接彼此和自我表达的一片自留地。我们一 起欢呼、生长，一起拥抱热爱、音乐、游戏和多样性。" 在汇聚众多顶流音乐人的同时，奇遇海音乐节延伸串联文旅项目、文创集市等文化消费场景，为观众们提供更多元 ...

Group 1 - The core viewpoint emphasizes the importance of focusing on business model construction in the esports industry, similar to traditional sports like the NBA [2] - The current industry adjustment period is seen as an opportunity for reflection and expansion of business models, leading to the creation of a comprehensive ecosystem covering various verticals in esports and gaming [2] - The decision to go public during an industry downturn was driven by the need to attract international capital and solidify the company's leading position in the global market while maintaining rapid business growth [2] Group 2 - Many commercially valuable games are not necessarily esports projects, but esports is recognized as a form of sports due to its alignment with the competitive spirit of traditional sports [3] - The gaming sector is showing positive development, exemplified by the global attention garnered by the game "Black Myth: Wukong," which successfully conveys Chinese culture [3] - The focus on AI's impact is on its application in the gaming sector rather than esports, with an emphasis on efficiency improvements in training and performance optimization for players [3]

Core Insights - The company experienced a 1.8% year-over-year increase in total net revenue for 2H24, reaching US$45.9 million, primarily driven by a 92.6% increase in event production revenue [1] - The net loss for the period widened to US$8.0 million from US$2.0 million in 2H23, while adjusted EBITDA declined to negative US$7.3 million from positive US$1.0 million in the prior year [1] - The growth in event production was supported by a higher volume of events, although the gross profit margin for this segment fell to 9.9% due to lower average margins from new large-scale music events and upfront investments in staffing and marketing [1] - For the full year 2024, total revenue reached US$85.3 million, a 1.9% increase from US$83.7 million in 2023, but below the forecast of US$92 million, primarily due to a reduction in sponsorship and advertising revenue [1] - The revenue mix shifted from IP licensing of PC and console games to mobile game league revenue sharing, leading to a downward revision of the 2025 revenue forecast from US$108 million to US$90 million [1]

ABU DHABI, United Arab Emirates, May 12, 2025 (GLOBE NEWSWIRE) -- NIP Group Inc. (“NIPG” or the “Company”) (NASDAQ: NIPG), a leading digital entertainment company, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on May 12, 2025. The annual report, which contains the Company’s audited consolidated financial statements, can be accessed on the Company's investor relations website at ir.nipgroup. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

Financial Data and Key Metrics Changes - Total net revenues increased by 1.8% year over year to $45.9 million in the second half of 2024, driven by a 92.6% year over year increase in events production revenue [7][30] - Full year total revenue reached $85.3 million, an increase of 1.9% over 2023, with event production revenue surging 147.5% to $23.3 million [31][32] - GAAP net loss widened to $8 million in the second half compared to a net loss of $2 million in the prior year period, while full year net loss narrowed slightly to $12.7 million from $13.3 million [31][32] Business Line Data and Key Metrics Changes - Events production revenue nearly doubled year over year to $14.6 million in the second half, contributing significantly to overall revenue growth [30][31] - Esports team operations revenue declined by 49.7% year over year to $5.9 million, reflecting softer advisor spending and sponsorships [30] - Talent management services revenue was broadly stable at $25.4 million, down 1.3% year over year [30] Market Data and Key Metrics Changes - The Western esports operations showed early signs of recovery, while performance in China was slightly softer [10][11] - The company is seeing increasing momentum across its commercial pipeline, particularly in the West with new sponsorships [12] Company Strategy and Development Direction - The company is transitioning from a pure esports organization to a comprehensive gaming-centric digital entertainment company, focusing on building an integrated ecosystem [6][10] - The consolidation of global headquarters in Abu Dhabi aims to streamline operations and enhance resource alignment [7][19] - The company is exploring broader opportunities, including leveraging AI and pursuing targeted M&A to accelerate growth [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but expressed confidence in the company's adaptability and strategic direction [5][9] - The company expects to benefit from new funding support and initiatives from the Abu Dhabi Investment Office and other partners in 2025 [9][20] - Management highlighted the importance of the Esports World Cup partnership, which is expected to unlock additional revenue growth opportunities [52] Other Important Information - The company is preparing to open its first S-tier integrated gaming entertainment complex in Chengdu by the end of the third quarter [17][18] - A significant partnership with the Guangxi government is expected to provide up to RMB50 million in strategic support for developing a digital sports industry park [15][16] Q&A Session Summary Question: What were the primary drivers of the 93% year over year growth in event production revenue in the second half? - The growth was primarily driven by hosting a higher number of events and securing finals of significant titles from Tencent, solidifying the company's status in the events production space [36][37] Question: Can you elaborate on your music festival pipeline and its expected growth in 2025? - The company expects to host another 10 music festivals in 2025, with a focus on self-funding to improve margins [40][41] Question: Can you provide insights on the health of esports team revenue in 2025? - The revenue dip in 2024 was a deliberate decision to restructure teams, but early signs in 2025 indicate a return to tier one events, which will positively impact revenue [46][50] Question: What are the benefits of joining the Esports World Cup Foundation Hub Partner Program? - Benefits include access to a $70 million revenue pool, increased global exposure, and the ability to consolidate teams for better monetization [54][55] Question: What is the execution timeline for the Abu Dhabi HQ build-out and its P&L impact? - The execution is well underway, with $40 million in financial incentives over four years, significantly lowering operational costs [60][61] Question: What KPIs will be monitored for the Chengdu S-tier complex, and how replicable is this model? - KPIs will include occupancy rates, and the model is expected to be highly replicable in other cities due to strong partnerships [63][64]

Financial Data and Key Metrics Changes - Total net revenues increased by 1.8% year over year to $45.9 million in the second half of 2024, driven by a 92.6% year over year increase in events production revenue [7][8] - Full year total revenue reached $85.3 million, an increase of 1.9% over 2023, with event production revenue surging 147.5% to $23.3 million [33] - GAAP net loss widened to $8 million in the second half compared to a net loss of $2 million in the prior year period, while full year net loss narrowed slightly to $12.7 million from $13.3 million [32][34] Business Line Data and Key Metrics Changes - Events production revenue almost doubled year over year to $14.6 million in the second half, contributing significantly to overall revenue growth [32] - Esports team operations revenue declined by 49.7% year over year to $5.9 million, reflecting softer spending and sponsorships [32] - Talent management services revenue was stable at $25.4 million, down 1.3% year over year, as the company transitions to higher performance platforms [32] Market Data and Key Metrics Changes - The Western esports operations are showing early signs of recovery, while performance in China was slightly softer [11][12] - The company is experiencing a challenging global economic environment, impacting esports sponsorship and talent-driven revenues [9] Company Strategy and Development Direction - The company is transforming from a pure esports organization to a comprehensive gaming-centric digital entertainment company, focusing on building an integrated ecosystem [6] - Strategic consolidation of global headquarters in Abu Dhabi aims to streamline business lines and enhance operational efficiency [7][21] - The company is exploring broader opportunities, including leveraging AI and pursuing targeted M&A to accelerate growth [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced in 2024 but expresses confidence in the long-term resilience of the esports segment and the diversified business model [11][31] - The company expects to benefit from new funding support and initiatives from the Abu Dhabi Investment Office and other partners, which will improve cash position and operational flexibility [10][22] - Management anticipates that the structural foundation laid in 2024 will translate into improved profitability as revenue engines scale [10] Other Important Information - The company is set to open its first S-tier integrated gaming entertainment complex in Chengdu by the end of the third quarter, which will serve as a physical anchor for experiential engagement [19][20] - A partnership with the Esports World Cup Foundation provides access to a $70 million commercial framework, enhancing brand equity and revenue streams [12][58] Q&A Session Summary Question: What were the primary drivers of the 93% year over year growth in event production revenue in the second half? - The growth was primarily driven by hosting a higher number of events and securing finals of significant titles, solidifying the company's status as a top events production company in China [39] Question: Is the lower margin profile of the event production segment a structural characteristic? - The margin dip was deliberate due to front-loaded staffing and marketing fees to secure tier one festivals, but improvements are expected as infrastructure investments are completed [40][41] Question: Can you elaborate on the music festival pipeline and its growth in 2025? - The company expects to host another 10 music festivals in 2025, with a focus on self-funding to improve margins [44][45] Question: Can you provide insights on esports team revenue health in 2025? - The revenue dip in 2024 was a deliberate restructuring decision, and early signs in 2025 indicate a return to tier one events, which will lead to revenue recovery [52][55] Question: What are the benefits of joining the Esports World Cup Foundation Hub Partner Program? - Benefits include access to a $70 million revenue pool, increased global exposure, and the ability to aggregate fan bases for better monetization [58][60] Question: What is the execution timeline for the Abu Dhabi HQ build-out? - The execution is well underway, with $40 million in financial incentives over four years, and the company is on track to meet KPIs [65] Question: What KPIs will be monitored for the Chengdu S-tier complex? - Key performance indicators will include occupancy rates, with expectations for the payback period to outperform traditional hotel models [67][70]

Financial Data and Key Metrics Changes - Total net revenues increased by 1.8% year over year to $45.9 million in the second half of 2024, driven by a 92.6% year over year increase in events production revenue [6][30] - Full year total revenue reached $85.3 million, an increase of 1.9% over 2023, with event production revenue surging 147.5% to $23.3 million [31] - GAAP net loss widened to $8 million in the second half compared to a net loss of $2 million in the prior year period, while full year net loss narrowed slightly to $12.7 million from $13.3 million [31][32] Business Line Data and Key Metrics Changes - Events production revenue almost doubled year over year to $14.6 million in the second half, contributing significantly to overall revenue growth [30][14] - Esports team operations revenue declined by 49.7% year over year to $5.9 million, reflecting softer spending and sponsorships [30] - Talent management services revenue was broadly stable at $25.4 million, down 1.3% year over year [30] Market Data and Key Metrics Changes - The Western esports operations showed early signs of recovery, while performance in China was slightly softer [10][11] - The company is seeing increasing momentum across its commercial pipeline, particularly in the West with new sponsorships [12] Company Strategy and Development Direction - The company is transitioning from a pure esports organization to a comprehensive gaming-centric digital entertainment company, focusing on building an integrated ecosystem [5][6] - Strategic initiatives include the consolidation of global headquarters in Abu Dhabi, which aims to streamline operations and enhance efficiency [9][19] - The company is exploring broader opportunities such as leveraging AI and pursuing targeted M&A to accelerate growth [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2024 but expressed confidence in the company's adaptability and long-term growth potential [4][5] - The company expects to benefit from new funding support and initiatives from the Abu Dhabi Investment Office and other partners in 2025 [9][33] - Management highlighted the importance of the Esports World Cup partnership, which is expected to unlock additional revenue growth opportunities [54] Other Important Information - The company is preparing to open its first S-tier integrated gaming entertainment complex in Chengdu by the end of the third quarter [17][18] - A significant partnership with the Guangxi government aims to co-develop a digital sports industry park, enhancing the company's growth ambitions in China [15][16] Q&A Session Summary Question: What were the primary drivers of the 93% year over year growth in event production revenue in the second half? - The growth was primarily driven by hosting a higher number of events and securing finals of significant titles from Tencent, solidifying the company's status in the events production space [37][38] Question: Can you elaborate on your music festival pipeline and its growth in 2025? - The company expects to host another 10 music festivals in 2025, with a focus on self-funding to improve margins [42][43] Question: Can you provide insights on esports team revenue and its health in 2025? - The revenue dip in 2024 was a deliberate decision for restructuring, with expectations of recovery in 2025 as teams return to tier one events [50][54] Question: What are the benefits of joining the Esports World Cup Foundation Hub Partner Program? - Benefits include access to a $70 million revenue pool, increased global exposure, and the ability to aggregate fan bases for better monetization [56][58] Question: What is the execution timeline for the Abu Dhabi HQ build-out and its P&L impact? - The execution is well underway, with $40 million in financial incentives over four years, significantly lowering operational costs [64] Question: What KPIs will be monitored for the Chengdu S-tier complex, and how replicable is this model? - KPIs will include occupancy rates, with plans to replicate the model in other cities based on strong partnerships and market interest [66][68]

Core Insights - NIP Group Inc. reported a significant increase in event production revenues, which surged by 92.6% year-over-year to US$14.6 million in the second half of 2024, contributing to a full-year increase of 147.5% to US$23.3 million [1][6][22] - The company is transitioning from a pure esports organization to a fully integrated gaming-centric digital entertainment platform, with plans to expand its core businesses and enter the hospitality market [5][6] - Despite the growth in revenues, the company reported a net loss of US$8.0 million in the second half of 2024, compared to a net loss of US$2.0 million in the same period of 2023 [6][15] Financial Highlights for the Second Half of 2024 - Total net revenues increased by 1.8% year-over-year to US$45.9 million, driven by the strong performance in event production [6][8] - Gross profit decreased to US$0.6 million, with a gross margin of 1.4%, down from 10.9% in the same period of 2023 [12] - Adjusted EBITDA was negative US$7.3 million, compared to positive US$1.0 million in the same period of 2023 [17][32] Financial Highlights for the Full Year of 2024 - Total net revenues for the full year increased by 1.9% year-over-year to US$85.3 million [18][26] - Gross profit for the full year was US$3.0 million, with a gross margin of 3.5%, down from 8.6% in 2023 [23] - The net loss for the full year was US$12.7 million, slightly improved from a net loss of US$13.3 million in 2023 [26] Business Updates - The company expanded its esports portfolio through a partnership with The9 Limited to develop "MIR M" into a competitive global esports title [6][38] - NIP Group entered the MOBA game publishing market with the launch of "Re: Aetatis" in December 2024 [6][38] - A landmark agreement with the Abu Dhabi Investment Office was secured to establish the company's global headquarters in Abu Dhabi, supported by up to US$40 million in incentives [6][38] Cost Structure - Cost of revenues for the second half of 2024 was US$45.3 million, compared to US$40.2 million in the same period of 2023 [10] - Selling and marketing expenses increased by 92.7% to US$5.3 million, primarily due to higher marketing costs for the game publishing business [13] - General and administrative expenses rose by 58.2% to US$7.1 million, largely due to increased professional service fees related to the IPO [14]