Ad Revenue GrowthAd revenue growth is strong, with expectations of over 25% year-on-year growth driven by performance-based ads and category expansion.
Financial PerformanceAdjusted net loss narrowed by 72% YoY to RMB271mn, better than consensus estimate.
ProfitabilityThe company is on track to break even amid solid game and ad business trends, with margin expansion driven by a shift to a high-margin business model and cost optimization.