Core Insights - Huya Technology (01860) saw a significant stock increase of over 10%, reaching HKD 16 with a trading volume of HKD 406 million [1] Financial Performance - For the mid-year results of 2025, the company reported a revenue of USD 938 million, representing a substantial year-on-year growth of 47% [1] - Adjusted EBITDA for the period was USD 88.68 million, showing a year-on-year increase of 41% [1] - The core programmatic advertising platform, Mintegral, generated revenue of USD 897 million, marking a 48.6% increase year-on-year [1] - Within Mintegral, the gaming category performed exceptionally well, achieving revenue of USD 662 million, a significant year-on-year growth of 51.7% [1] - Non-gaming verticals contributed USD 236 million, accounting for 26% of Mintegral's total revenue [1] Market Analysis - According to a report from Open Source Securities, the company's impressive growth is attributed to the continuous iteration of its AI-driven smart bidding system and the strengthening of its flywheel effect, which enhances economies of scale [1] - The firm has revised upward its profit forecasts for 2025-2026 and introduced new projections for 2027, indicating confidence in Mintegral's ongoing revenue contributions [1] - The outlook remains positive for Mintegral, with a maintained "buy" rating from analysts [1]
港股异动 | 汇量科技(01860)涨超10% 上半年收入同比大增四成 机构看好Mintegral平台飞轮效应持续释放