The Zhitong Finance App learned that Fubo Group (03738) rose by more than 5% and rose 5.56% at press time to HK$1.33, with a turnover of HK$3.88 million.
In terms of performance, the company's main business grew strongly in 2023, driving a significant improvement in profit quality, and the growth logic continued to be implemented. By business, the company achieved impressive growth in subscription services. During the period, revenue from the business reached 868 million yuan, up about 58% year on year, accounting for about 43% of total revenue; revenue from value-added services was 1,133 billion yuan, up 27% year on year, accounting for about 57% of total revenue. By market, the domestic market continued its strong growth trend during the period, with revenue reaching 1.02 billion yuan, up 44% year on year; the North American market progressed steadily, with revenue of 983 million yuan, up 33% year on year.
According to reports, the company has taken a multi-pronged approach to seize the AI explosion and bring revolutionary development opportunities to the global digital content industry. In terms of R&D, the company set up an R&D center in Florida to actively explore AI technology; in terms of data, the company is building the world's largest audiovisual content fingerprint database, which on the one hand is expected to enhance the company's ability in data authorization, and on the other hand, it will help content parties strive to maximize content monetization value; in the application direction, the company launched AIGC video technology service product, Yuanfan Cloud, to provide complete AIGC services for digital content creators and creation platforms.