Summary by Moomoo AI
AMBO HOLDINGS ANNOUNCED ON 9 MAY 2024 UNAUDITED KEY BUSINESS PERFORMANCE METRICS FOR THE FIRST QUARTER OF 2024. The report shows that the Group's net gaming revenue for the first quarter of 2024 increased by 74.5% compared to the same period last year to HK$664.64 billion. Adjusted EBITDA grew significantly year-on-year to HK$8.64 million, compared to just HK$3100 million in the same period last year. In addition, the Group's adjusted EBITDA increased to 12.5% from 0.8% in the first quarter of 2023. Despite this, the Group recorded an estimated loss of HK$7,400 million, which improved from a loss of HK$8.69 million in the first quarter of 2023. Gross revenues of the Kingdom of Portugal and Portugal reached HK$14.18 million and HK$19.58 million, respectively, significantly higher than in the same period last year. As of 31 March 2024, the Group had cash and bank balances of HK$49.52 billion and liabilities of HK$284.88 million. The report also reminds shareholders and potential investors that the above financial data is unaudited and should not be over-relied upon.