FriendTimes Full Year 2024 Earnings: Misses Expectations

FriendTimes (HKG:6820) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.16b (up 10% from FY 2023).
• Net loss: CN¥48.9m (loss narrowed by 65% from FY 2023).
• CN¥0.023 loss per share (improved from CN¥0.064 loss in FY 2023).

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

FriendTimes Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) was also behind analyst expectations.

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥898.1m (77% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to CN¥557.0m (65% of total expenses). Explore how 6820's revenue and expenses shape its earnings.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for FriendTimes you should be aware of.

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