HOMELAND ITL released its annual performance report, with a shareholder attributable loss of 74.174 million yuan, turning from profit to loss year-on-year
HOMELAND ITL released its annual performance for the year ending December 31, 2024, with revenue of 1.386 billion yuan, a year-on-year decrease of 22.12%. Shareholders' attributable loss was 74.174 million yuan, a shift from profit to loss compared to the previous year, with a basic loss per share of 5.94 cents. The decrease in revenue was mainly due to the group's adjustment of its self-developed mobile game commercialization strategy, which led to an increase in the number of paying users but a decline in average revenue per user, resulting in a year-on-year decrease of 22.6% in mobile game revenue
According to the Zhitong Finance APP, HOMELAND ITL (03798) announced its annual performance for the year ending December 31, 2024, with revenue of RMB 1.386 billion, a year-on-year decrease of 22.12%; the loss attributable to shareholders was RMB 74.174 million, a shift from profit to loss year-on-year; basic loss per share was 5.94 cents.
The announcement stated that the decrease in revenue was mainly due to the group's proactive adjustment of the commercialization strategy for some self-developed mobile games, which significantly increased the number of paying users, but the average revenue per paying user (ARPPU) correspondingly declined, resulting in a year-on-year decrease of 22.6% in revenue from self-developed mobile games
