The revenue of 2q20 was 247.4 million yuan, with a year-on-year increase of 32.2% From Blue City brothers
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The following is the The revenue of 2q20 was 247.4 million yuan, with a year-on-year increase of 32.2% From Blue City brothers recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, social networks, Mobile Internet.
Before the US stock market on August 26, 2020 (Wednesday), Blue City brothers（ BLCT.US ）Unaudited financial reports for the second quarter ended 30 June 2020 were issued.
Performance summary
According to the financial report, the total revenue of Blue City brothers in the second quarter of 2020 is 247.4 million yuan (the same below), with a year-on-year increase of 32.2%. The number of registered users in the world reached 54 million, of which 6.4 million were monthly active users. The total payment account increased by 58.5% compared with last year.
Under the premise of continuous growth of revenue, and thanks to the continuous optimization of scale efficiency and income structure, the net loss of Blue City brothers narrowed significantly from 12.2 million yuan in the second quarter of 2019 to 3.3 million yuan.
Blue City brothers landed on NASDAQ on July 8, 2020, becoming the first share of the global pink economy. Ma Baoli, founder, chairman and CEO of Blue City brothers, said: “Blue City brothers is committed to providing users with full life cycle services to meet the diversified needs of LGBTQ people. We will continue to implement the company’s strategy and further expand the service population. This acquisition also shows blue city brothers’ determination to provide better services to more members of the LGBTQ community. “
Double growth of revenue and users and doubling of member service income
In terms of revenue, thanks to the vertical community operation strategy, the revenue of all businesses of Blue City brothers in the second quarter of 2020 increased significantly year on year. Among them, the live broadcast income was 2102 million yuan, with a year-on-year growth of 25.2%; the member service income was 15.8 million yuan, with a year-on-year increase of 129.6%; the advertising income was 10.7 million yuan, with a year-on-year growth of 17.8%; and other income was 10.7 million yuan, a sharp increase of 234.4% compared with the 3.2 million yuan of the same period last year.
In terms of users, the total number of users paying for blued mobile applications under blue city brothers reached 458000 in the second quarter of 2020, a significant increase of 58.5% compared with 289000 in the same period last year.
According to the financial report, by the second quarter of 2020, its products have covered more than 210 countries and regions, with 54 million users. Blue City brothers completed the acquisition of women’s vertical community “lesdo” in August this year, according to the financial report. This marks that blue city brothers has officially entered the women’s vertical market, further improving the full range service business map of LGBTQ.
“Despite the challenges posed by health events and geopolitical uncertainty, Blue City brothers has made a good start as a new public company,” said Li Zhiyong, chief financial officer of Blue City brothers. These performance figures reflect our close ties with the community and the ability of Blue City brothers to commercialize. We will continue to invest in platforms to optimize our services and products. “
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