Crazy Sports (00082) announced its 2023 annual results. The group achieved revenue of HK$490 million during the period, compared with...
According to the Zhitong Finance App, Crazy Sports (00082) announced its 2023 annual results. The group achieved revenue of HK$490 million during the period, a year-on-year decrease of 30.32%; loss attributable to shareholders was HK$232.22 million; profit attributable to shareholders in the same period last year was HK$17.758 million, year-on-year profit and loss; basic loss of 0.51 HK cents per share.
According to the announcement, in 2023, the Group's core product line is a sports knowledge payment platform, which increased revenue by HK$24.8 million or 12.2%. The Group has stepped up efforts to focus on developing sports knowledge payment platforms and new sports lottery retail services to meet sports enthusiasts. As a result, the product structure changed, and the sports knowledge payment platform became the Group's main product, accounting for 46.4% of total revenue. The growth of Crazy Red List is due to the high level of attention and continued popularity brought about by the Qatar World Cup and the spread of the “lipstick effect” in the post-pandemic era. After the 2022 World Cup, the Group successfully retained users through the introduction of advanced data analysis and AI technology on the platform. The total number of registered users and monthly active users increased by 14.1% and 16.0% respectively.