Financial Performance - For the three months ended September 30, 2025, the company reported revenue of $531.6 million, representing a year-over-year increase of 27.6% and a quarter-over-quarter increase of 6.6%[4] - The adjusted net profit for the same period was $24.1 million, a significant increase of 126.0% year-over-year, indicating continuous improvement in core business profitability[5] - The programmatic advertising platform Mintegral generated revenue of $507.8 million, accounting for 95.5% of total revenue, with a year-over-year growth of 26.2%[4] - The non-programmatic advertising business recorded revenue of $19.2 million, showing a remarkable year-over-year increase of 93.5%[5] - The marketing technology segment achieved revenue of $4.5 million, reflecting a year-over-year growth of 12.8%[5] - The revenue from the gaming category increased by 30.5% year-over-year, while the non-gaming category saw a growth of 14.5%[5] - The adjusted EBITDA for the third quarter was $47.0 million, marking a year-over-year increase of 37.3%[5] - The advertising technology business's net income for the quarter was $131.5 million, up from $105.4 million in the same period last year[8] - In Q3 2025, Mintegral's total revenue reached $507.8 million, a year-over-year increase of 26.2%[15] - Game category revenue was $384.2 million, accounting for 75.7% of total revenue, with a year-over-year growth of 30.5%[14] - Non-game category revenue was $123.6 million, representing 24.3% of total revenue, with a year-over-year growth of 14.5%[14] Costs and Expenses - Sales cost increased by 28.0% to $420.5 million, primarily due to rising traffic and server costs in the advertising technology business[16] - Gross profit was $111.0 million, a 26.4% increase year-over-year, with a gross margin of 20.9%[18] - Sales and marketing expenses rose by 25.3% to $20.9 million, driven by increased bidding fees[20] - Research and development expenses increased by 1.1% to $46.4 million[22] Profitability and Loss - The company reported a net loss of $54.5 million, compared to a profit of $8.8 million in the same period last year[24] - Adjusted EBITDA was $47.0 million, reflecting a year-over-year growth of 37.3%[24] - Operating profit was $28.9 million, with a significant increase of 138.3% year-over-year, representing 5.4% of total revenue[27] - Revenue for the three months ended September 30, 2025, was $531.565 million, a 27.6% increase from $416.457 million in the same period of 2024[29] - Gross profit for the nine months ended September 30, 2025, was $312.144 million, up 42.5% from $219.046 million in the prior year[29] - Operating profit for the three months ended September 30, 2025, was $28.896 million, compared to $12.125 million in the same period of 2024, representing a 138.5% increase[29] - The company reported a net loss of $54.533 million for the three months ended September 30, 2025, compared to a profit of $8.843 million in the same period of 2024[30] Research and Development - Research and development expenses for the nine months ended September 30, 2025, were $133.636 million, an increase of 23% from $108.634 million in 2024[29] Assets and Liabilities - Total assets as of September 30, 2025, were $582.495 million, up from $504.206 million at the end of 2024[31] - The company’s cash and cash equivalents were $167.025 million as of September 30, 2025, slightly down from $167.817 million at the end of 2024[31] - The net asset value increased to $229.879 million as of September 30, 2025, compared to $222.320 million at the end of 2024[32] - The company’s total liabilities increased to $640.517 million as of September 30, 2025, from $581.326 million at the end of 2024[31] Earnings Per Share - The company’s diluted earnings per share for the three months ended September 30, 2025, was $(3.54), compared to $0.64 in the same period of 2024[29] Product Development - The company has launched four new AI-driven products since May 2023, enhancing its advertising effectiveness and return on ad spend (ROAS) for advertisers[4]
汇量科技(01860) - 2025 Q3 - 季度业绩