In Q1 2025, the company reported total net revenues of RMB 7 billion, marking a 24% increase compared to the same quarter last year. This growth was largely attributed to surging advertising revenue of RMB 2 billion, which rose by 20% and saw a 400% increase in AI-related earnings. Additionally, game revenue skyrocketed by 76% to RMB 1.73 billion. Though operating expenses increased by 4%, net losses dramatically decreased, showcasing improved financial health and a growing user base in terms of active and paying users.
Total net revenues for Q1 2025 reached RMB 7 billion, representing a significant 24% growth year-over-year, primarily driven by strong advertising and mobile gaming sectors.
Advertising revenue saw a 20% increase year-over-year to RMB 2 billion, fueled by a more than 35% rise in advertiser count and a remarkable 400% increase in AI-related ad revenues.
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