Cheer Holding Reports 2024 Financial Results Amid Challenging Market Conditions

Cheer Holding ( (CHR) ) has issued an update.

Cheer Holding, Inc. reported its full-year 2024 financial results, highlighting a total revenue of $147.2 million, a decrease from the previous year due to a drop in advertising revenue amid a challenging macroeconomic environment. Despite the revenue decline, the company achieved a net income of $26 million, supported by significant growth in user engagement across its platforms, particularly in CHEERS Telepathy, which saw an 830.8% increase in downloads. The company continues to invest in IT infrastructure and content-driven strategies, aiming for long-term sustainable growth.

More about Cheer Holding

Cheer Holding, Inc. is a prominent provider of next-generation mobile internet infrastructure and platform services in China, focusing on integrating platforms, applications, technology, and industry into a cohesive digital ecosystem. The company is involved in developing a 5G+VR+AR+AI shared universe space and offers a diverse portfolio of products and services, including CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, and more, aimed at blending online/offline and virtual/reality elements.

YTD Price Performance: -29.76%

Average Trading Volume: 35,868

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $18.21M

See more data about CHR stock on TipRanks’ Stock Analysis page.