Doumob (HK:1917) has released an update.
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Doumob, a company engaged in the livestreaming and overseas advertising businesses, has issued a profit warning indicating a significant decrease in revenue and an increase in net loss for the first half of 2024. The preliminary financial results show revenues between RMB 20.0 to 21.0 million and net losses ranging from RMB 3.7 to 4.7 million, underlining a challenging economic environment and competitive pressures. Investors are advised to exercise caution and await the finalized interim results due by the end of August 2024.
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