Revenues grew 57% to 1.16B yuan (about $168.1M).
Cost of revenues rose by 72%, however, to 958.5M (about $139.4M). Net loss widened to 152M yuan ($22.1M) on an adjusted basis, from a year-ago loss of 25.3M yuan.
Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?
Average monthly active users rose 29% to 92.8M; of those, mobile MAUs hit 79.5M, up 37% Y/Y.
Meanwhile average monthly paying users (single-counted) hit 4.4M, up 298% Y/Y. Average monthly payers for mobile games rose 36% to 0.9M.
Revenue breakout: Mobile games, 712.8M yuan (up 15%); Live broadcasting and value-added services, 201.8M yuan (up 276%); Advertising, 159.9M yuan (up 302%); E-commerce and others, 81M yuan (up 254%).
“As we execute our commercialization strategy, we are pleased to see a more balanced revenue mix with increased revenue contribution from our advertising and live broadcasting, and value-added services businesses,” says CFO Sam Fan.
For Q1, it’s guiding to revenues of 1.27B-1.29B yuan.
Syneos Health (NASDAQ:SYNH) -25% , as the company says it is delaying the release of earnings results to allow additional time after receiving notification from the SEC of an investigation into its accounting procedures.
SYNH says the SEC has requested the company retain documents for the periods beginning Jan. 1, 2017.
Wow the future of Autonomous flight is finally here with the launch of ASDN passenger drone Elroy
The company also says it is conducting an independent review of its revenue accounting policies, internal controls and related matters.
]]>