Hong Kong's Boyaa Interactive posts H1 net loss due to fair value losses on digital assets
Hong Kong's Boyaa Interactive posts H1 net loss due to fair value losses on digital assets
Overview
Hong Kong online games developer's H1 revenue rose 16% yr/yr to HK$258 mln
Company posted net loss attributable to owners of HK$792 mln for the period
Net loss mainly due to fair value losses on digital assets
Outlook
Pet Land anticipates launch within 2026 following its development and optimisation phase
Boyaa plans to launch its Web3 game token project once self-developed
Result Drivers
DIGITAL ASSET LOSSES - Net loss mainly attributed to fair value losses on digital assets
TEXAS HOLD'EM GROWTH - Revenue from Texas Hold'em series rose 22.9% yr/yr
TRADITIONAL CHINESE VERSION - Revenue from Traditional Chinese language games grew 28.6% yr/yr
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| HK$258.33 mln |
|
H1 Net Loss Attributable |
| HK$792.32 mln |
|
Reuters Recommended Reads
Aug 20 - China's NetEase Q2 revenue rises 7.9% on game growth
Aug 17 - Alibaba to sell Lingxi Games in more than $2 billion deal, source says
Aug 20 - China's DouYu Q2 revenue falls on weaker livestreaming demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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