Giant Network Group Third Quarter 2024 Earnings: Beats Expectations

Giant Network Group (SZSE:002558) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥791.3m (down 3.9% from 3Q 2023).
• Net income: CN¥353.1m (down 16% from 3Q 2023).
• Profit margin: 45% (down from 51% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: CN¥0.19 (down from CN¥0.23 in 3Q 2023).

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

Giant Network Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Giant Network Group that we have uncovered.

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