BAIOO Family Interactive Faces Decreased Revenue

BAIOO Family Interactive (HK:2100) has released an update.

BAIOO Family Interactive Limited reports a decrease in revenue by 39.6% and gross profit by 25.8% in the first half of 2024 compared to the previous year, alongside an operating loss improvement of 34%. Despite these figures, the company’s total assets slightly decreased from RMB 1,920,099 thousand to RMB 1,886,560 thousand over the same period. The summary also highlights a significant increase in adjusted net loss by approximately 210% and a smaller rise in adjusted EBITDA by 23.8%.

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