37 Interactive Entertainment Network Technology Group First Quarter 2024 Earnings: EPS Misses Expectations

37 Interactive Entertainment Network Technology Group (SZSE:002555) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.75b (up 26% from 1Q 2023).
• Net income: CN¥616.2m (down 21% from 1Q 2023).
• Profit margin: 13% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.28 (down from CN¥0.35 in 1Q 2023).

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

37 Interactive Entertainment Network Technology Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with 37 Interactive Entertainment Network Technology Group.

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