---
title: "Meitu Shares Jump After Quarterly Update"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285315042.md"
description: "Shares of Meitu surged 16% to 4.86 Hong Kong dollars following a strong quarterly update. The company reported a 34% increase in first-quarter revenue from its core business, while AI credit consumption rose 59% in March. Meitu's annual recurring revenue for AI applications reached approximately 580 million yuan, up 56% year-over-year. Jefferies maintained a buy rating with a target price of HK$7.00, citing increased user engagement with AI features as a key driver of demand."
datetime: "2026-05-06T05:25:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285315042.md)
  - [en](https://longbridge.com/en/news/285315042.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285315042.md)
---

# Meitu Shares Jump After Quarterly Update

By Tracy Qu

Shares of Chinese photo-editing app Meitu rose sharply in Hong Kong after a solid business update.

The stock jumped 16% to 4.86 Hong Kong dollars, equivalent to 62 U.S. cents, by midday, on track for its best day in nearly a year.

The company earlier Wednesday said first-quarter revenue from its core photo, video and design business rose 34%, while its other businesses were stable overall. Artificial-intelligence credits consumed by users climbed 59% in March, compared with December last year, it said.

As of March, Meitu's annual recurring revenue for AI-driven productivity applications was about 580 million yuan, equivalent to US$84.9 million, up 56% from a year earlier.

"The uplift in AI credit consumption indicates growing user engagement with AI-driven features, which leads to increased demand and usage," Jefferies said in a note. The U.S. bank reiterated its buy rating and HK$7.00 target price on the stock.

Write to Tracy Qu at tracy.qu@wsj.com

(END) Dow Jones Newswires

May 06, 2026 01:19 ET (05:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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