hmvod Limited (Stock Code: 8103) released its interim results for the six months ended 30 September 2025, reporting a turnover of approximately HK$6.1 million, down 31% compared with HK$8.8 million in the same period of 2024. The company recorded a net loss of around HK$2.7 million, an improvement from the HK$5.5 million loss in the previous year. Basic loss per share stood at approximately HK1.99 cents, compared to HK3.94 cents in the same period of 2024. The board of directors does not recommend an interim dividend.

Management attributed the decline in OTT services revenue to intensified competition and shifting consumer preferences toward outdoor activities. Subcontractor costs were notably reduced to around HK$4.7 million, compared to HK$8.2 million a year earlier, aided by more effective cost-control measures. Operating and administrative expenses dropped to around HK$4.2 million, and finance costs fell from HK$1.3 million to HK$0.5 million.

During the review period, the number of active subscribers increased by over 3,000, providing a larger audience base for future content offerings. The company also intends to expand by producing short dramas, in line with changing consumer consumption trends. In October 2025, hmvod signed a letter of intent with Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd. to explore content licensing and co-development of new intellectual property, potentially broadening the company’s content portfolio.

Additionally, hmvod Limited is developing a new business line in event management, leveraging existing media and entertainment resources to diversify its income streams. With these strategic measures and industry partnerships, the company remains focused on strengthening its OTT services and exploring opportunities for growth in related media sectors.