Kunlun Tech: Net profit in the first half of the year was 643 million yuan, and adjusted EBITDA increased by 50% year-on-year
On the evening of August 30, Kunlun Tech (300418. SZ) released its 2022 interim results report. During the reporting period, the company achieved an operating income of 2.25 billion yuan and a net profit attributable to shareholders of the listed company of 643 million yuan. Achieved EBITDA attributable to shareholders of listed companies of RMB 590 million without considering investment gains, losses, and equity incentive expenses, a year-on-year increase of 50%.
The company's overseas business continued to maintain a high level of growth, with overseas revenue accounting for 74%. At the same time, the gross profit level of the company's overseas business has steadily increased, reaching 83%, and its profitability has been at the forefront of the industry.