Core Points - The show "Goodbye Lover 5" has been postponed, impacting Mango TV's revenue [1] - Recent bribery allegations against a key figure in the company have surfaced, further complicating the situation [1] Financial Performance - Mango TV reported a revenue of 9.063 billion yuan for the first three quarters, a year-on-year decrease of 11.82% [1] - The net profit attributable to the parent company was 1.016 billion yuan, down 29.67% year-on-year [1] - As of October 24, the stock price was 28.88 yuan per share, reflecting a decline of 1.8%, with a market capitalization of 54 billion yuan [1]

Core Viewpoint - Mango Excellent Media (300413.SZ) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company's revenue for the first three quarters was 9.063 billion yuan, a year-on-year decrease of 11.82% [1] - The net profit attributable to shareholders was 1.016 billion yuan, down 29.67% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 791 million yuan, reflecting a year-on-year decrease of 35.50% [1] - Basic earnings per share stood at 0.54 yuan [1]

Core Viewpoint - Mango TV's variety show "Goodbye Lover 5" has faced delays in its broadcast schedule, which may impact the company's revenue recovery efforts amid declining financial performance [2][9]. Company Performance - Mango TV reported a 11.82% year-on-year decrease in revenue for the first three quarters, totaling 9.063 billion yuan, and a 29.67% drop in net profit to 1.016 billion yuan [9]. - The earnings per share decreased by 29.87% to 0.54 yuan, with the third quarter showing a revenue decline of 6.58% to 3.099 billion yuan and a net profit drop of 33.47% to 252 million yuan [9]. Show Impact - "Goodbye Lover" is a flagship show for Mango TV, with its previous season generating significant social media buzz, but the current season's focus on divorce may limit advertising revenue compared to other shows [10]. - The delay in airing "Goodbye Lover 5" is expected to have a smaller impact on advertising than initially anticipated [10]. Future Prospects - The upcoming show "Voice of the Future 2025" is anticipated to be a highlight for the second half of the year, featuring a collaborative production across multiple major platforms [10]. - Despite the challenges, Mango TV is expected to maintain its leading position in the variety show market, although the unpredictability of the market is evident [11]. Market Reaction - On October 24, Mango TV's stock closed at 28.88 yuan per share, reflecting a 1.8% decline, with a market capitalization of 54 billion yuan [12].

Core Viewpoint - Mango TV has shown robust performance in Q3 2025, with a focus on optimizing its core business structure and enhancing content offerings, leading to significant growth in revenue and profit [1][5]. Financial Performance - The company achieved operating revenue of 9.063 billion yuan and a net profit of 1.016 billion yuan attributable to shareholders in the first three quarters [1]. - Operating cash flow for the first three quarters was 674 million yuan, a year-on-year increase of 307.14%, with cash reserves exceeding 13 billion yuan by the end of September [1][8]. User Growth and Engagement - Monthly active users of Mango TV increased by approximately 11.08% year-on-year, with a total user base of 750 million as of August [5]. - The platform's multi-channel synergy has significantly supported the steady development of its membership business [5]. Advertising Revenue - The advertising business showed signs of recovery, with Q3 advertising revenue experiencing year-on-year growth, continuing the positive trend from the first half of the year [5][6]. - Mango TV's variety shows have demonstrated strong commercial value, with several programs attracting numerous brand partnerships [6]. Content Strategy - The company is focusing on the development of Mango IP derivative products while reducing its traditional e-commerce business, which has led to fluctuations in revenue [1]. - Mango TV maintains a leading market share of 35.2% in the variety show sector, with a strong lineup of both established and new IPs [3]. Upcoming Content and Market Expectations - Anticipated shows such as "The Life We Long For" and "The Voice of China" are expected to attract significant market attention and advertising budgets [2]. - The upcoming music talent show "Sound of Stars" is generating buzz and is positioned to become a major cultural IP in 2025 [2]. Short-form Content Development - The company has launched a "Short Drama 1000 IP Joint Creation Ecological Plan" to enhance the development of short dramas, significantly increasing its market share in this segment [8]. - The introduction of short dramas derived from popular long-form content has shown promising engagement and monetization potential [7][8]. Regulatory Environment - The recent "Broadcasting and Television 21 Articles" policy shift is expected to facilitate the release of accumulated dramas and improve funding turnover, benefiting major platforms like Mango TV [9].

Group 1 - Mango Excellent Media (SZ 300413) announced that its 29th meeting of the fourth board of directors was held via communication voting on October 23, 2025 [1] - For the year 2024, the revenue composition of Mango Excellent Media is as follows: 72.29% from new media platform operations, 18.47% from media retail, 8.97% from new media interactive entertainment content production, and 0.27% from other industries [1] - As of the report date, Mango Excellent Media has a market capitalization of 54 billion yuan [1] Group 2 - In 2023, China's innovative pharmaceuticals have generated $80 billion in overseas licensing [1] - The secondary market for biomedicine is currently hot, while the primary market is facing challenges in fundraising [1]

人民财讯10月24日电，芒果超媒（300413）10月24日披露2025年三季度报告，公司第三季度实现营业收 入30.99亿元，同比下降6.58%；归母净利润2.52亿元，同比下降33.47%。前三季度实现营业收入90.63亿 元，同比下降11.82%；归母净利润10.16亿元，同比下降29.67%。报告期内，公司持续加大芒果TV优质 内容投入和研发投入，导致互联网视频业务成本上升。 ...

Group 1 - Mango Excellent Media reported a revenue of approximately 9.063 billion yuan for the first three quarters of 2025, a year-on-year decrease of 11.82% [1] - The net profit attributable to shareholders was approximately 1.016 billion yuan, reflecting a year-on-year decline of 29.67% [1] - Basic earnings per share were 0.54 yuan, down 29.87% compared to the previous year [1] Group 2 - As of the report, Mango Excellent Media's market capitalization stands at 54 billion yuan [2]

特此公告。 2025 年第三季度报告披露提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 芒果超媒股份有限公司 2025 年第三季度报告于 2025 年 10 月 25 日在中国证监会 指定创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn/）公告，敬请广大投 资者注意查阅。 证券代码：300413 证券简称：芒果超媒 公告编号：2025-038 芒果超媒股份有限公司 芒果超媒股份有限公司董事会 2025 年 10 月 25 日 ...

Core Viewpoint - Mango Super Media reported a decline in both revenue and net profit for the third quarter and the first three quarters of the year, indicating potential challenges in its financial performance [1] Financial Performance - Q3 revenue was 3.099 billion yuan, a decrease of 6.58% year-on-year [1] - Q3 net profit was 252 million yuan, down 33.47% compared to the same period last year [1] - Revenue for the first three quarters was 9.063 billion yuan, reflecting an 11.82% decline [1] - Net profit for the first three quarters was 1.016 billion yuan, a decrease of 29.67% year-on-year [1]

证券代码：300413 证券简称：芒果超媒 公告编号：2025-037 芒果超媒股份有限公司 第四届监事会第二十七次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、会议召开情况 芒果超媒股份有限公司（以下简称"公司"）第四届监事会第二十七次会议（以 下简称"会议"）于 2025 年 10 月 23 日以通讯表决方式召开。会议由公司监事会主 席谭丽主持，应出席监事 3 人，实际出席监事 3 人。会议的召开符合有关法律、行政 法规、部门规章、规范性文件和公司章程的规定。 本次会议审议通过《关于公司 2025 年第三季度报告的议案》。监事会认为董事 会编制和审核公司 2025 年第三季度报告的程序符合法律、行政法规和中国证监会的 规定，报告内容真实、准确、完整地反映了上市公司的实际情况，不存在任何虚假记 载、误导性陈述或者重大遗漏。2025 年第三季度报告详见公司同日在巨潮资讯网披露 的公告。 表决结果：3 票同意，0 票反对，0 票弃权。 三、备查文件 1、第四届监事会第二十七次会议决议； 2、深交所要求的其他文件。 特此公告。 芒果超媒股份有限 ...