NETJOY (HKEX: 02131) has announced its annual results for the year ended December 31, 2024. The company reported revenue of RMB 3.15 billion, representing an increase of 4.64% year-on-year. However, the company swung to a loss attributable to owners of the parent of RMB 460 million, compared to a profit in the prior year. The loss per share was 60.2 cents.

According to the announcement, the increase in revenue was primarily due to the group's (i) continued strategic adjustments, actively expanding into new media channels while maintaining solid cooperation with existing media partners, thereby consolidating its income; and (ii) active development of diversified businesses, with its short-form drama business beginning to show results and contributing a certain incremental revenue stream.