Meitu Reports Strong Mid-Year Financial Growth

Meitu (HK:1357) has released an update.

Meitu, Inc. has reported a significant year-over-year financial growth for the first half of 2024, with an 80.3% increase in Adjusted Net Profit and a 28.6% increase in revenue. The company’s Monthly Active Users (MAU) saw a 4.3% increase, with substantial growth outside Mainland China, and its AI-powered video editing app Wink nearly doubled its MAU. Investments in AI continue to yield strong results, with Meitu’s AI design tools leading the market in Mainland China.

For further insights into HK:1357 stock, check out TipRanks’ Stock Analysis page.