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).
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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