Meitu (HK:1357) has released an update.
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Meitu, Inc. has reported a significant year-over-year financial growth for the first half of 2024, with an 80.3% increase in Adjusted Net Profit and a 28.6% increase in revenue. The company’s Monthly Active Users (MAU) saw a 4.3% increase, with substantial growth outside Mainland China, and its AI-powered video editing app Wink nearly doubled its MAU. Investments in AI continue to yield strong results, with Meitu’s AI design tools leading the market in Mainland China.
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