Record High Profit VOBILE GROUP's High-Quality Operations and AI Applications Drive Performance Surge

Zhitong
2025.03.28 09:34
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VOBILE GROUP announced its 2024 annual performance on March 28, showing strong growth momentum and solid fundamentals. Total revenue for the year reached HKD 2.4 billion, a year-on-year increase of 20.0%; adjusted net profit rose to HKD 180 million, a year-on-year surge of 380.3%. The company's gross profit increased to HKD 1.05 billion, with a compound annual growth rate of 33.3%. In the future, it will actively layout AI applications, launching the DreamMaker platform, which combines AI creative video production and copyright protection to promote the development of a new creator economy ecosystem

According to Zhitong Finance APP, on March 28, VOBILE GROUP (03738) announced its performance for the fiscal year 2024, showcasing strong growth momentum and robust fundamental support. The group's total revenue for the year reached HKD 2.4 billion, a year-on-year increase of 20.0%; adjusted net profit rose to HKD 180 million, a substantial increase of 380.3% year-on-year, with the adjusted net profit margin improving by 5.6 percentage points, highlighting the continuous optimization of the company's profit quality. Meanwhile, adjusted EBITDA reached HKD 440 million, a year-on-year increase of 37.3%, with all financial indicators performing impressively.

It is worth mentioning that the company's gross profit increased to HKD 1.05 billion in 2024, a year-on-year increase of 23.7%, with a compound annual growth rate of gross profit over the past three years reaching 33.3%, indicating strong profitability momentum in its core business and a sustainable, high-quality development trend. In the second half of 2024, as the scale effect continues to be released, the company's adjusted net profit increased by 142.2% quarter-on-quarter, further strengthening profit elasticity.

The outstanding performance and significant improvement in operational quality reflect the effectiveness of the company's development strategy, with a compound annual growth rate of revenue reaching 29% over the past three years. The company has continuously deepened the scenario-based application of digital copyright protection technology, expanding its service boundaries to emerging fields such as live streaming, micro-short dramas, music, e-commerce images, and online novels. In 2024, while optimizing the business revenue structure, the company is actively laying out AI applications for the future, and its excellent financial performance has led the market to remain optimistic about the company's fundamental business while also being full of expectations for the future implementation of AI applications.

The AI Factory, based on AI computing power clusters, can mass-produce high-quality tokens, such as short video entertainment content, which means a new creator economy ecosystem is about to emerge. VOBILE has already reached a cooperation with NVIDIA on the Media2 system and launched the DreamMaker platform today, which groundbreaking combines AI creative video production with the company's leading copyright protection and content monetization solutions, allowing independent creators to efficiently generate, create, and publish short video content while ensuring compliance with copyright regulations. This indicates that the company's platform-based business model is gradually maturing and is expected to seize market opportunities during the AI content explosion period

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