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Kunlun releases performance forecast for 2021 Q3

2021-10-08 16:37:00

On October 8, 2021, Kunlun disclosed its performance forecast for 2021 Q3. The company expects to achieve a net profit attributable to shareholders of the listed company in the first three quarters of 2021 to be 1.85 billion yuan to 2 billion yuan, and to achieve a net profit of 1.61 billion yuan to 2.16 billion yuan after deducting non-recurring gains and losses, an increase of 31.75% to 76.74% compared to the same period last year after the reorganization into the current form.

Kunlun provides social and entertainment information services for global internet users. Now it formed five major business segments, the information distribution platform Opera, the audio based social platform Star Group, the leisure and entertainment platform Xianlaihuyu, the mobile games platform GameArk, and a technology equity investment business, in order to create synergies between each business segment through the construction of the group's big data system. During the reporting period, the company maintained a steady growth trend with outstanding performance in the five major segments.

Till the end of June 2021, Kunlun has nearly 450 million monthly active users, more than 90% of which are from abroad.

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