MEITU 1Q26 Paying Subscribers +30.2% YoY, AI Productivity Apps ARR +56.2% YoY

MEITU (01357.HK) 0.000 (0.000%) Short selling $12.43M; Ratio 26.919% announced that in 1Q26, the number of paying subscribers exceeded 17.9 million, representing a YoY increase of 30.2%. Among them, paying subscribers from productivity applications rose 52.9% YoY to 2.34 million, while those from lifestyle applications increased 27.4% YoY to 15.56 million.During the quarter, revenue (unaudited) from the Groups core Imaging and Design Products business maintained strong growth, rising 34.3% YoY to RMB852 million. Other businesses remained overall stable.For Imaging and Design Products, revenue from productivity applications in 1Q26 grew 45.4% YoY, accounting for approximately 18% of segment revenue. As the Group had exited its stock image licensing business by the end of 2025, the above YoY growth rate is calculated on a comparable basis, excluding the revenue contribution from the traditional business in 1Q25 (approximately RMB13 million), to more accurately reflect the growth trend of productivity applications.Revenue from lifestyle applications in 1Q26 increased 35.5% YoY, accounting for 82% of Imaging and Design Products revenue, reflecting the Groups continued enhancement in monetization capability and steady progress in its globalization strategy.As of March, annual recurring revenue (ARR) of AI productivity applications reached approximately RMB580 million, up 56.2% YoY.In addition, the Groups total consumption of AI computing credits in March increased 59% compared with December 2025. By product, Kaipai surged 360%, RoboNeo grew 316%, Meitu Design Studio increased 107%, and Vmake rose 78%. Following the integration of AI Agent capabilities, total AI computing credit consumption increased significantly, reflecting deepening user engagement with AI features, driving overall demand and usage growth, and supporting increases in both subscription revenue and usage-based revenue. (jl/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-05 16:25.)This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.