Hometown Interactive (03798) announced the results for the year ended December 31, 2023, and the group continued during the period...
According to the Zhitong Finance App, Hometown Interactive (03798) announced the results for the year ended December 31, 2023. The group achieved continuous business revenue of 1.78 billion yuan (RMB, same below) during the period, an increase of 13.87%; profit attributable to shareholders of $437 million, a year-on-year decrease of 6.09%; basic profit per share of 34.7 points; and proposed to pay a final dividend of HK$0.1 per share.
According to the announcement, the increase in revenue is due in part to the Group's continuous innovation and introduction of new elements in its existing mahjong and poker games, bringing players a gaming experience that never goes out of style. Furthermore, the company strategically chose to deepen cooperation with various new media channels such as Douyin, Kuaishou, and Tencent Video to optimize user traffic and enhance its ability to acquire customers. Ultimately, the Group's DAUs and player stickiness increased significantly. Advertising revenue refers to the revenue generated by the group adding in-game advertising fields to the applet. It is generally calculated based on user clicks. For the year ended December 31, 2023, the Group's revenue from the sale of virtual tokens, distribution of mobile games to third parties and advertising accounted for about 88.2%, 8.0% and 3.8% of the Group's total revenue, respectively, compared to 80.9%, 11.8% and 7.3% respectively in 2022.