Record-Breaking Revenue and Growth
The third quarter revenues reached USD 88.9 million, exceeding the upper end of guidance by 8%, with a net income increase of 11.2% year-over-year to USD 39.2 million.
Increased User Base and Engagement
The average monthly active users grew to 40.2 million, up 14.5% year-over-year, and paying users increased to 12.6 million, up 12% year-over-year.
Expansion in Gaming Services
Gaming services now contribute over 30% of revenues, with plans to introduce new mid-core and hard-core games, enhancing the product ecosystem.
Efficient Cost Management
Selling and marketing expenses decreased by 34.9%, reflecting a more disciplined advertising approach, contributing to a net margin of 44.1% and a non-GAAP net margin of 47.9%.