Brief: Glory Star New Media Group Holdings Reports Q1 Earnings Per Share Of $0.06

Cheer Holding

12/05/2020 24:49

May 11 (Reuters) - Glory Star New Media Group Holdings Ltd
 GSMG.O :
    * GLORY STAR REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS
    * Q1 REVENUE $9.8 MILLION VERSUS $13.8 MILLION
    * Q1 EARNINGS PER SHARE $0.06
    * Q1AVERAGE DAILY ACTIVE USERS OF CHEERS APP INCREASED TO
4.1
MILLION FROM 0.5 MILLION IN SAME PERIOD OF 2019.
    * GLORY STAR NEW MEDIA GROUP HOLDINGS  - DOWNLOADS OF CHEERS
APP
EXCEEDED 100.5 MILLION AS OF MARCH 31, 2020, COMPARED TO 17.2
MILLION AS OF MARCH 31, 2019
    * GLORY STAR NEW MEDIA GROUP HOLDINGS-OUTBREAK OF COVID-19
HAS HAD
A SUBSTANTIAL IMPACT ON BOTH OVERALL MARKET ENVIRONMENT AND OUR
BUSINESS IN QUARTER
    * GLORY STAR NEW MEDIA-DUE TO THE OUTBREAK,EXPERIENCED
NOTICEABLE
DAMPENING OF ADVERTISING DEMAND, SLOWDOWN IN COPYRIGHTS BUSINESS
DURING QUARTER

Source text for Eikon:  ID:nGNX97KfDT 
Further company coverage:  GSMG.O 

 ((Reuters.Briefs@thomsonreuters.com;))