AMTD Idea(AMTD.US)

AMTD IDEA Group Profit Rises In H1 2025, Stock Up In Pre-Market

AMTD IDEA Group reported a profit of $68.8 million for H1 2025, a 63.7% increase from $42.03 million last year, driven by contributions from hospitality and investment gains. Revenue rose to $89.04 million from $35.9 million, attributed to hotel operations and financial asset value changes. In pre-market trading, AMTD shares increased by 6.71% to $1.03.

AMTD IDEA Group shares are trading higher after the company reported a year-over-year increase in H1 sales results.

AMTD IDEA Group Achieved 150% Increase in Revenue for First Half in 2025 | TGE Stock News

AMTD IDEA Group reported a 150% increase in revenue for the first half of 2025, reaching $89 million, with net income surging 63.7% to $68.8 million. The hospitality segment saw a 60.3% growth in income, while total assets amounted to $2.193 billion. The company plans to expand its L'Officiel Coffee brand globally, targeting 15-20 new locations in the next three years. The results reflect the company's strategic vision and commitment to sustainable growth across its diversified portfolio in media, entertainment, and hospitality sectors.

The Generation Essentials Group Acquires Hilton Garden Inn New York City Tribeca

The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., has acquired the Hilton Garden Inn New York City Tribeca as part of a larger agreement involving three hotels valued over USD 300 million. This acquisition adds 151 rooms and retail space to TGE's portfolio, expected to grow by approximately 500 rooms in six months. The transaction is subject to customary closing conditions and marks a significant milestone for TGE as it plans further expansion in 2025.

AMTD Digital’s Subsidiary TGE Acquires Hilton Garden Inn Tribeca in $300 Million Hotel Expansion

AMTD Digital's subsidiary TGE has completed a $300 million acquisition of the Hilton Garden Inn Tribeca as part of its hotel expansion strategy. This acquisition is part of a broader initiative to enhance its portfolio in the hospitality sector. The information is based on content published by AMTD Idea Group and is intended for informational purposes only, not as financial or legal advice.