NIP Group Inc. has released its financial results for the fiscal year ending December 31, 2024. The company reported actual net revenues of $85.3 million, showing a modest increase from $83.7 million in 2023 and $65.8 million in 2022. Gross profit margins for the years 2022, 2023, and 2024 were 5.7%, 8.6%, and 3.5%, respectively. The cost of revenue in 2024 was reported at $82.3 million, representing 96.5% of net revenues, an increase from 91.4% in 2023 and 94.3% in 2022. NIP Group Inc.'s net revenues are primarily derived from esports team operations, talent management services, and event production. The company's financial outlook did not indicate any significant trends or uncertainties likely to adversely affect its future net revenues, income, or liquidity. The results highlight the company's steady growth in net revenues while also pointing to increased expenses that impacted profit margins.