Changes in Hong Kong stocks | After results, Fubo Group (03738) rose more than 10%, net profit in the first half of the year increased nearly 93% year-on-year, and AI-related revenue was generated for the first time in the period

The Zhitong Finance App learned that Fubo Group (03738) rose more than 10% after the results. As of press release, it had risen 9.7% to HK$2.94, with a turnover of HK$98.34,800.

According to the news, Fubo Group announced interim results. Revenue for the first half of the year was HK$1,805 million, up 23.97% year on year; gross profit was HK$810 million, up 26% year on year, gross margin reached 44.9%; profit for the period was HK$195 million, up 92.7% year on year, and profit margin reached 10.8%. During the reporting period, the company's layout in the field of AI content services went from planning to implementation: the DreamMaker platform's computing power service revenue started from zero and reached a scale of 10 million US dollars, the scale of AI-related active assets managed by the group increased dramatically, and completed the distribution of the first film and television copyright cash flow RWA project under the Hong Kong compliance framework.

It is worth noting that during the reporting period, AI-related revenue driven by the DreamMaker and Max platforms was generated for the first time, mainly including platform computing power service revenue generated by creators using multi-modal models on the platform and monetization revenue generated by Fubo's authorization and management of such assets, marking that Fubo Group's AI creation platform has entered an early commercialization stage from product construction and user verification. The company will continue to improve creators' ecology, model supply and commercial transformation capabilities.