China's Meitu H1 revenue rises, aided by international subscriber growth

Meitu

26/08/2026 09:43

Overview
China photo and video app developer's H1 revenue rose 22% yr/yr
Net profit attributable to owners grew 40% yr/yr for the half-year
Company declared interim dividend for the period

Outlook
Company expects AI-driven productivity applications to drive next phase of growth
Meitu expects international operating capabilities to support new product launches

Result Drivers
PHOTO, VIDEO & DESIGN GROWTH - Revenue from photo, video and design products rose 30.9% yr/yr, supporting overall revenue growth
INTERNATIONAL SUBSCRIBER GROWTH - Paying subscribers outside Mainland China nearly doubled, with overseas additions mainly from high-ARPU regions
AI PRODUCTIVITY APPLICATIONS - AI-driven productivity applications saw MAU increase over 80% yr/yr outside Mainland China, with AI credits consumption up over 46% sequentially in both quarters

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 2.21 bln
 
H1 Net Income Attributable
 
RMB 619.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Meitu, Inc. is HK$7.40, about 70.7% above its August 25 closing price of HK$4.34
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 25 - Newborn Town H1 revenue rises on social networking business strength
Aug 24 - Alibaba launches Wan3.0 AI video model after $10 billion share sale
Aug 24 - Chinese ad-tech firm Mobvista's H1 revenue rises on Mintegral platform strength

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(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.)