Ciwen MediaLtd Third Quarter 2024 Earnings: CN¥0.006 loss per share (vs CN¥0.005 loss in 3Q 2023)

Ciwen MediaLtd (SZSE:002343) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.93m (up 1.7% from 3Q 2023).
• Net loss: CN¥2.83m (loss widened by 53% from 3Q 2023).
• CN¥0.006 loss per share (further deteriorated from CN¥0.005 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ciwen MediaLtd Earnings Insights

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Ciwen MediaLtd you should know about.

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