China 33 Media (08087) announced results for the third quarter of 2023, with revenue of 6.831 million yuan, a year-on-year decrease...
According to the Zhitong Finance App, China 33 Media (08087) announced the results for the third quarter of 2023, with revenue of 6.831 million yuan, a year-on-year decrease of 51.3%; loss attributable to company owners of 2,661 million yuan, an increase of about 3.97 times over the previous year; loss of 1.54 points per share.
According to the announcement, the decline in revenue is mainly due to a decrease in the revenue of the outdoor and digital advertising business due to intense competition in the industry.