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]
格隆汇发布星竞威武2H24更新报告