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4q20’s revenue was 2.27 billion yuan, up 10% year on year, and its monthly activity exceeded 170 million yuan From Fighting fish

The following is the 4q20’s revenue was 2.27 billion yuan, up 10% year on year, and its monthly activity exceeded 170 million yuan From Fighting fish recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Network entertainment, Webcast.

On March 23, 2021, before Tuesday trading, Betta released the company’s unaudited financial report for the fourth quarter and the whole year ending December 31, 2020. According to the financial report, the total net revenue of Betta in the fourth quarter was 2269.2 million yuan (about 347.8 million US dollars), an increase of 10.0% over the same period last year; the net loss was 228.7 million yuan (about 35 million US dollars), a year-on-year loss.

Summary of fourth quarter results:

– the total net revenue of Betta in the fourth quarter of 2020 was RMB 2.269 billion (about US $347.8 million), up 10.0% from RMB 2.062.9 billion in the same period of last year. Among them, the revenue of live broadcasting was RMB 2070.7 million (about US $317.3 million), an increase of 9.4% compared with RMB 1892.5 million in the same period of last year; the revenue of advertising and other services was RMB 198.5 million (about US $30.4 million), an increase of 16.5% compared with RMB 170.4 million in the same period of last year.

– in the fourth quarter of 2020, the operating cost of Betta was 2.087 billion yuan (about 319.9 million US dollars), up 23.7% from 1.687 billion yuan in the same period of last year.

– the gross profit of Betta in the fourth quarter of 2020 was 182.2 million yuan (US $27.9 million), compared with 375.2 million yuan in the same period last year.

– in the fourth quarter of 2020, the sales and marketing expenditure of Betta was 170.7 million yuan (about 26.2 million US dollars), an increase of 27.3% compared with 134.1 million yuan in the same period of last year.

– the R & D expenditure of Betta in the fourth quarter of 2020 was 118.9 million yuan (about 18.2 million US dollars), an increase of 18.6% compared with 100.2 million yuan in the same period of last year.

– in the fourth quarter of 2020, the general and administrative expenditure of Betta was 117.7 million yuan (about 18 million US dollars), an increase of 54.0% compared with 76.4 million yuan in the same period of last year.

– the fourth quarter of 2020 saw an operating loss of RMB 232.4 million (US $35.6 million), compared with an operating profit of RMB 124.1 million in the same period last year. Not in accordance with U.S. GAAP, the fourth quarter of 2020 saw an operating loss of 199.1 million yuan (about US $30.5 million), compared with an operating profit of 141.5 million yuan in the same period last year.

– a net loss of RMB 228.7 million (US $35 million) in the fourth quarter of 2020, compared with a net profit of RMB 157.4 million in the same period last year. Not in accordance with U.S. GAAP, the net loss of Betta in the fourth quarter of 2020 was 176.9 million yuan (about 27.1 million U.S. dollars), compared with 186.4 million yuan in the same period last year.

– in the fourth quarter of 2020, the basic and diluted losses of each ADR were RMB 0.61 (US $0.09) and RMB 0.59 (US $0.09). Not in accordance with U.S. GAAP, the basic and diluted losses per ADR of douyu in the fourth quarter of 2020 were 0.45 yuan (about 0.07 US dollars) and 0.45 yuan (about 0.07 US dollars).

– the average monthly active users of Betta in the fourth quarter of 2020 were 174.4 million, up 5.2% from 165.8 million in the same period of last year.

– in the fourth quarter of 2020, the average number of mobile monthly active users was 58.2 million, up 6.9% from 54.4 million in the same period of last year.

– in the fourth quarter of 2020, the average number of paid users increased from 7.3 million in the same period of 2019 to 7.6 million, an increase of 4.6%.

2020 performance summary:

– the total net revenue of Betta in 2020 was RMB 9.601.9 billion (about US $1.471.6 billion), up 31.8% from RMB 7.283.2 billion in the same period of last year.

– the gross profit of Betta in 2020 was RMB 1563.3 million (US $239.1 million), compared with RMB 1196.2 million in the same period last year.

– Betta’s operating profit in 2020 was 262.1 million yuan (about 40.2 million US dollars), compared with an operating loss of 131.7 million yuan in the same period last year. Not in accordance with U.S. GAAP, Betta’s operating profit in 2020 was 404.2 million yuan (about 62 million U.S. dollars), compared with 159.1 million yuan in the same period last year.

– the net profit of Betta in 2020 was 404.7 million yuan (about 62 million US dollars), compared with 33.3 million yuan in the same period last year. Not in accordance with U.S. GAAP, the net profit of Betta in 2020 was 541.6 million yuan (about 83 million U.S. dollars), compared with 346.4 million yuan in the same period last year.

– in 2020, the basic and diluted earnings per ADR of Betta are RMB 1.52 (about US $0.23) and RMB 1.47 (about US $0.23). Not in accordance with U.S. GAAP, the basic and diluted earnings per ADR of douyu in 2020 are 1.95 yuan (about $0.30) and 1.95 yuan (about $0.30).

Tiktok: via Tencent technology more reading: fighting fish: 3Q20 revenue 2 billion 546 million 500 thousand yuan, an increase of 37% fish: 1Q20 earnings call conference record B station shaking sound lifting industry ceiling has been 3-5 years contract before locking 100 broadcaster one text read fast hand prospectus: Kwai Wah 12.6% 12.6% active users daily use 85 minutes fighting fish: 4Q19 net profit 22 million 500 thousand U.S. dollars Year on year: net profit of 1q20: 35.9 million US dollars, a year-on-year increase of 12.98 times; station B: 1q20 Revenue: 2.32 billion yuan, a year-on-year increase of 69%; iqiyi: 1q20 total revenue: 7.6 billion yuan, a year-on-year increase of 12 million; Sohu: 1q20 Revenue: 436 million US dollars, a year-on-year decrease of more than 60%; huanju group: 4q19 Revenue: 7.6 billion yuan, a year-on-year increase of 64%; Netease: 1q20 net profit: 3.5 billion yuan Beyond the market expectations, tiger tooth: 1Q20 earnings call conference will launch Kwai Tel business overseas, will try to subscribe and advertising business mode beep: 2Q20 revenue 2 billion 620 million yuan, a record high growth 70%B station: 3Q20 revenue 3 billion 230 million yuan, an increase of 74% faster: the first earnings report 2020 revenue 58 billion 780 million yuan, an increase of over 50% Iqiyi: 2Q20 total revenue 7 billion 400 million yuan 4% year on year

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