Crazy Sports (00082) issued an announcement. The Group expects the year ending December 31, 2023 to be consolidated...
Zhitong Finance App News, Crazy Sports (00082) announced that the Group expects a comprehensive net loss of no more than HK$30 million for the year ended 31 December 2023, while the consolidated net profit for the year ended 31 December 2022 is approximately HK$18 million.
According to the announcement, the expected consolidated net loss is mainly due to a decrease in the Group's other earnings expectations for the year compared to the previous year, and revenue from the sale of subsidiaries was confirmed to be HK$42.7 million last year due to the liquidation of exchange earnings. It is anticipated that there will be no confirmed proceeds from the sale of the subsidiary during the year. Furthermore, the expected dividend income from financial investments was reduced from HK$34.1 million last year to HK$2.8 million in the same year; and the Group's revenue forecast for the year was reduced by about 25% to 30% compared to the previous year, mainly due to a decrease in earnings from sports and leisure games. In view of the lack of major sporting events and uncertain prospects for the game industry this year, the Group actively adjusted the game business distribution strategy to avoid allocating too much resources to large-scale updates and new game launches. Additionally, due to the decline in players' spending power, the overall revenue of co-published games during the year was affected.