Business
Newborn Town Announces Q1 2025 Operating Data: Revenue Expected to Exceed RMB 1,500 Million, Up 41.5% to 48.1 %, Fueled by Explosive Growth in Social and Innovative Businesses
Newborn Town Inc. (Newborn Town or the company, stock code: 09911.HK), a leading global social entertainment company, released its unaudited operating data for the first quarter of 2025.
About this update from Newborn Town Inc.
[{"type":"text","content":"HONG KONG, April 24, 2025 /PRNewswire/ -- Newborn Town Inc. (Newborn Town or the company, stock code: 09911.HK), a leading global social entertainment company, released its unaudited operating data for the first quarter of 2025.","length":233,"tagName":"p"},{"type":"text","content":"For the three months ended 31 March 2025, the company's total revenue is estimated to reach RMB 1,500 million to RMB 1,570 million, reflecting a year-on-year increase of approximately 41.5% to 48.1%. Revenue from social networking business amounted to approximately RMB 1,345 million to RMB 1,395 million, representing a year-on-year increase of approximately 39.1% to 44.3%. The innovative business saw a year-on-year growth of about 66.7% to 88.2%, as the segment's revenue recorded approximately RMB 155 million to RMB 175 million.","length":542,"tagName":"p"},{"type":"text","content":"Social Networking Business Sees Explosive Growth Driven by AI Technology","length":72,"tagName":"p"},{"type":"text","content":"According to the announcement, the significant growth in social networking business revenue was attributable to the proactive adoption of AI technology, which has contributed to the expansion of its diverse suite of social applications. Over recent years, Newborn Town has deepened the integration of AI into its business operations, guided by the strategy of "AI Empowerment + Localized Operations + Global Expansion", yielding increasingly tangible outcomes.","length":470,"tagName":"p"},{"type":"text","content":"Earlier this year, Newborn Town introduced its self-developed multimodal algorithm model, Boomiix, which has enhanced user experiences and monetization potential through precise user behavior analysis and optimized recommendations. With continuous upgrades to Boomiix and its deeper integration across the business scenes and processes, the company's social apps have achieved comprehensive growth in the first quarter, along with improvements in both revenue scale and commercialization efficiency.","length":503,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":210,"url":"https://media.zenfs.com/en/prnewswire.com/3d14e7244cda2d6e6656b43fe2249960"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/k6...