Core Insights - Huya Technology (01860) saw a significant stock increase of over 10%, currently trading at 16 HKD with a transaction volume of 406 million HKD [1] Financial Performance - For the mid-year results of 2025, the company reported a revenue of 938 million USD, marking a substantial year-on-year growth of 47% [1] - Adjusted EBITDA reached 88.68 million USD, reflecting a 41% increase compared to the previous year [1] - The core programmatic advertising platform, Mintegral, generated 897 million USD in revenue, which is a 48.6% year-on-year increase [1] - Within Mintegral, the gaming category performed exceptionally well, achieving 662 million USD in revenue, a significant growth of 51.7% year-on-year [1] - Non-gaming verticals contributed 236 million USD, accounting for 26% of Mintegral's total revenue [1] Market Analysis - According to a report from Kaiyuan Securities, the notable growth in the company's performance is attributed to the continuous iteration of its AI-driven smart bidding system [1] - The company is experiencing a strengthening flywheel effect, with scale effects becoming more apparent [1] - Based on the expansion of the smart bidding system and the growth in non-gaming verticals, the firm has revised upward its profit forecasts for 2025-2026 and added projections for 2027 [1] - The outlook for Mintegral is positive, with expectations for continued revenue contributions, leading to a maintained "buy" rating [1]
汇量科技涨超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