Gelonghui, May 9 | Aobo Holdings (00880.HK) announced that in the first quarter of 2024, the Group's net gaming revenue increased to HK$6.64 billion, compared to HK$3.705 billion in the first quarter of 2023; the adjusted EBITDA was HK$864 million, compared to HK$31 million in the first quarter of 2023; the adjusted EBITDA rate was 12.5%, compared with a loss of HK$869 million in the first quarter of 2023.
The gross revenue for the first quarter of 2024 was HK$1,418 million, including gross gaming revenue of HK$1,111 million and non-gaming revenue of HK$307 million. In the first quarter of 2023, gross gaming revenue was HK$310 million and non-gaming revenue of HK$164 million, while the adjusted EBITDA for properties in Shanghai Lisboa was HK$88 million and negative HK$230 million in the first quarter of 2023.
Grand Lisboa's gross revenue for the first quarter of 2024 was HK$1,958 million, including gross gaming revenue of HK$1,887 million and non-gaming revenue of HK$81 million. Gross gaming revenue for the first quarter of 2023 was HK$928 million and non-gaming revenue of HK$64 million, while the adjusted EBITDA for Grand Lisboa properties was HK$535 million, compared to HK$156 million in the first quarter of 2023.