Alibaba Pictures Group Limited (HK:1060) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Alibaba Pictures Group Limited reported a 17% increase in revenue to RMB 3,050 million for the first half of 2024, despite facing challenges in the slowing global film industry. The company’s adjusted EBITA rose by 39% to RMB 642 million, driven by its strategic focus on content and technology. Meanwhile, the live entertainment market showed a positive trend, contributing to the group’s overall growth amidst a complex market environment.
For further insights into HK:1060 stock, check out TipRanks’ Stock Analysis page.
