FriendTimes Inc. ( (HK:6820) ) has provided an update.
FriendTimes Inc. announced its preliminary financial results for the year ending December 31, 2024, reporting an expected revenue increase of 8.9% to 11.7% year-on-year, driven by successful game launches and mini-games. Despite a net loss of approximately RMB45 to RMB50 million, the company reduced its losses by 63.8% to 67.4% compared to the previous year, attributed to cost-saving measures and quick profitability from new games. The company is also advancing AI integration into gaming to enhance player experiences, and it anticipates further growth with upcoming game releases and technological innovations.
More about FriendTimes Inc.
FriendTimes Inc. is a company incorporated in the Cayman Islands, primarily engaged in the gaming industry. The company focuses on developing and launching mobile games, with a market presence in regions such as Hong Kong, Macau, Taiwan, South Korea, and mainland China.
YTD Price Performance: 3.57%
Average Trading Volume: 155,313
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.26B
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