Focus Media Information Technology：2Q24 results beat with half~year dividend payout； expecting further sequential improvement from 3Q
2024-08-12 02:50
abc 12 August 2024 Global Research and Evidence Lab First Read Focus Media Information Technology 2Q24 results beat with half-year dividend payout; expecting further sequential improvement from 3Q 2Q results beat on revenue and net profit Despite slow macro recovery, Focus Media (FM) continued to outperform within brand ad space. 2Q24 revenue grew 10/19% YoY/QoQ to Rmb3.24bn, beating UBS-Se/Visible Alpha consensus by 6/5%. The better topline growth and COGS savings was partially offset by higher OPEX. Net, ...