Smart Share Global ADR (EM) has released an update.
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Smart Share Global Limited, also known as Energy Monster, has reported its Q2 2024 financial results, showcasing a return to profitability and a user base growth to 417.1 million registered users. Despite a significant revenue drop of 55.3% from Q2 2023, due to one-time adjustments and a model shift, the company is expanding its network partner model and exploring international markets. They emphasize long-term value creation through increased operational efficiency and new growth initiatives.
For further insights into EM stock, check out TipRanks’ Stock Analysis page.