NetDragon Websoft Holdings Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 27, 2025

NetDragon Websoft Holdings (HKG:777) Full Year 2024 Results

Key Financial Results

Revenue: CN¥6.05b (down 15% from FY 2023).
Net income: CN¥311.0m (down 44% from FY 2023).
Profit margin: 5.1% (down from 7.7% in FY 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.59 (down from CN¥1.03 in FY 2023).

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earnings-and-revenue-growth — SEHK:777 Earnings and Revenue Growth March 27th 2025

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

NetDragon Websoft Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 57%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are down 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for NetDragon Websoft Holdings that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.