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8282 — Gameone Holdings News Story

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Hong Kong's Gameone Holdings HY revenue rises on increased software services demand

Hong Kong's Gameone Holdings HY revenue rises on increased software services demand


Overview

  • Hong Kong software and game services firm's interim revenue rose 81% yr/yr

  • Net profit for the period increased, driven by growth in all business segments


Result Drivers

  • SOFTWARE SERVICES DEMAND - Co said revenue growth was mainly due to increased demand for software services and more framework agreements with customers, supported by investment in artificial intelligence and marketing

  • TRADING AGENT SERVICE MODEL - Co said revenue from trading agent service business rose after adjustments to its operating model

  • GAME BUSINESS GROWTH - Co said increased demand for in-game virtual items led to higher revenue in game business


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$69.70 mln

H1 Net Income Attributable

HK$5.10 mln


Reuters Recommended Reads

  • Aug 6 - EPAM cuts annual revenue forecast on weak software services demand, shares fall

  • Aug 6 - Israel's Playtika Q2 revenue beats on Disney Solitaire growth


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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