Strong Revenue Growth
Revenue grew 5.5% on a constant currency basis, with reported revenue up 8.5% year-over-year.
Significant Reduction in Net Loss
Net loss decreased to $3.9 million from $76.6 million in the prior year, attributed to lower G&A expenses associated with the IPO.
Successful Strategic Partnerships
Partnerships with Disney and Dark Horse Comics to bring popular franchises like Spider-Man, Avengers, and Star Wars to the platform.
Growth in English Platform
English platform WebComic app MAU was up 19% for the second consecutive quarter, showing momentum in key markets.
Advertising Revenue Increase
Advertising posted 10.2% revenue growth year-over-year, driven by growth in Korea and Japan.
IP Adaptations Business Growth
Revenue from IP adaptations increased by 42.6% year-on-year on a constant currency basis.