CHANGYOU INT GP released its annual performance, with a loss attributable to shareholders of 19.516 million yuan, a year-on-year decrease of 48.04%
CHANGYOU INT GP released its annual performance for the year ending December 31, 2024, with revenue of 181 million yuan, a year-on-year decrease of 20.31%; the loss attributable to shareholders was 19.516 million yuan, a year-on-year decrease of 48.04%; the loss per share was 1.08 cents. The decline in revenue was due to an unstable economic environment and business partners' management of points
According to the Zhitong Finance APP, CHANGYOU INT GP (01039) announced its annual performance for the year ending December 31, 2024, reporting revenue of 181 million yuan, a year-on-year decrease of 20.31%; the loss attributable to equity shareholders of the company was 19.516 million yuan, a year-on-year decrease of 48.04%; and the loss per share was 1.08 cents.
The announcement stated that due to the costs incurred by business partners of the Changyou platform when issuing points to their customers, these partners would exercise certain control over the issuance and consumption of points based on their own business conditions. Against the backdrop of an unstable economic environment, the overall reduction in points usage by business partners has led to a decrease in revenue
