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434 — Boyaa Interactive International News Story

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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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