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"page"7
October 24th, YOOZOO released its third quarter earnings report for 2019. According to the report, in the third quarter, the YOOZOO group had an operating income of ￥912 million, a 9.11% year-on-year increase. In the single quarter, the net profit was ￥298 million, a year-on-year increase of 57%.
On the evening of October 19th 2019, the YOOZOO Foundation invited 50 teachers, students and parents from Wenhe Primary School in Shanghai to the China Grand Theatre to enjoy a wonderful live concert.
September 17th, 2019, Facebook held the 3rd Overseas Innovation Summit in Shanghai. At the summit, Facebook and KPMG jointly released the “Top 50 Leading Chinese Brands” rankings. 2019 is the 3rd consecutive year that YOOZOO has appeared on the rankings, highlighting the strength of the YOOZOO brand loved and trusted by players around the world.
September 9th, YOOZOO Games (SZ.002174) released the financial report for the first half of 2019, and a performance forecast for the first three quarters. The report shows that in the first half of the year, the total revenue of the company was￥1.730 billion; of which mobile games totalled revenue of ￥1.231 billion, accounting for 71.18%, an increase of 6.71% over the previous year. Overseas revenues reached ￥1.009 billion, accounting for 58.36%, an increase of 6.49% over the previous year. Q3 net profit is forecast to be between $2.9 - $3.9 billion, an increase of 54% - 107% over the same period last year.
Global IP titles and bringing Asian hits to the Western market are at the core of YOOZOO Games’ strategy.