Known for 2026, $652 million for the first quarter of the fiscal year, 10.7 per cent less than the year.

News from IT House 3 June, published today on the first financial season of the fiscal year 2026 (January 2026 - December 2026) (January 2026 - March 2026):

Gross operating income: $652 million, 10.7 per cent decrease over the same period

Māori: 388 million yuan, a decrease of 13.92 per cent over the same period

Māori rate: 59.6 per cent, 2.20 percentage points

Net profit to mother: -$850.4 million, 15.75 per cent less than loss

Basic per share: - 0.04 yuan

Dilution of earnings per share: -0.04 yuan

Assets and liabilities: 25.19 per cent

AI Interpretation

This is known as $652 million in the first fiscal year of the 2026 fiscal year, less than the market's forecast of $730 million, and a narrow net profit loss is in line with the expectations of a substantial increase in net profits under non-acknowledged accounting standards.

Show me your money.

The increase in core operating efficiency, with total operating expenditure falling by 10.4 per cent over the same period, and R & D expenditure falling by 22.4 per cent over the same period, contributed to a continued narrowing of the losses; non-acknowledged accounting standards adjusted net profits to $17.2 million, an increase of 147.2 per cent over the same period, and a gain on the last quarter.

The Māori rate has recovered to 59.6 per cent and the quality of earnings has continued to improve; the average monthly subscription membership has reached 13.1 million, and the user structure continues to optimize.

At the end of the reporting period, cash and cash equivalents, term deposits, restricted funds and short-term investments totalled 44.90 billion yuan, with sufficient liquidity.

Future outlook

It is understood that the focus will continue to be on improving profitability, steadily advancing the related commercialization exploration of AI and the sustainable release of the unique value of the real community in the AI era, while the focus will continue to be on maximizing long-term shareholder value by increasing operational efficiency and maintaining prudent capital allocation for high-quality growth, including stock buy-backs.

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