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Hypebeast ( (HK:0150) ) has shared an announcement.
Hypebeast Limited has issued a profit warning, anticipating a loss before tax of up to HK$26.1 million for the year ending March 2025, compared to a profit of HK$32.8 million the previous year. This decline is attributed to a one-off inventory write-off and a slowdown in media revenue, particularly in the U.S., due to reduced advertising spend amid economic uncertainty. Despite this, the company maintains a strong financial position and continues to focus on long-term growth strategies.
More about Hypebeast
Hypebeast Limited is a company incorporated in the Cayman Islands, focusing on media and e-commerce in the lifestyle and fashion industry. It operates a diversified client base and is known for its media segment, which is a significant part of its operations.
YTD Price Performance: -21.40%
Average Trading Volume: 631,633
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$340.4M
See more insights into 0150 stock on TipRanks’ Stock Analysis page.