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Kunlun Tech's revenue in the first three quarters was 3.4 billion yuan, with an adjusted EBITDA increase of 42.3% year-on-year

2022-10-28 14:55:00

On the evening of October 28, Kunlun Tech(300418. SZ) disclosed the 2022 third-quarter report. From the beginning of the year to the end of the reporting period, the company achieved operating revenue of 3.4 billion yuan, and the adjusted EBITDA, which reflects the profitability level of the company's core business (excluding investment), was 1.08 billion yuan, up 42.3% year on year. In the first three quarters, the company's operating net profit excluding investment gains and losses increased by 460 million yuan or 175.31%. Overseas business revenue accounted for 75% of total revenue, up nearly 5 percentage points year on year, especially in Europe and the United States, the growth was significant.

During this period, Kunlun's overseas social entertainment platform StarX launched StarMaker VR edition, aiming to become the most important music game provider in the VR field. Opera, Kunlun's overseas information distribution and metaverse platform, has reached a new level, and the metaverse business revenue volume has exceeded $50 million annually. Ark Games, a global mobile game platform owned by Kunlun, has successfully launched its own MMORPG, The Legend of Neverland, in Europe and the United States.