XD INC Maintains "Buy" Rating as Gaming and TapTap Revenue Growth Significantly Exceed Expectations

Deep News

Sep 30

A research report indicates that XD INC (02400) delivered comprehensive outperformance in both gaming and TapTap revenue growth during 1H25, with company revenue increasing 38.7% year-over-year and adjusted net profit reaching 796 million yuan, up 235.3% year-over-year.

On the gaming front, revenue growth and profitability improvements exceeded expectations, driven by increased monetization following content updates for games such as "Heartbeat Town" and "Torchlight," as well as incremental contributions from the overseas launch of "Ragnarok M: Eternal Love" initial server. Meanwhile, on the TapTap platform, despite year-over-year MAU growth being affected by product cycles, the company achieved better-than-expected revenue growth by enhancing advertising efficiency and user engagement.

Looking ahead, the company's capabilities in long-term operations of high-quality content games and overseas publishing are expected to support sustained growth in the gaming segment. For TapTap, while product cycle recovery should drive user base expansion, improvements in monetization efficiency are expected to continue. The "buy" rating is maintained.

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The \"buy\" rating is maintained.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XD INC Maintains \"Buy\" Rating as Gaming and TapTap Revenue Growth Significantly Exceed Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXD INC Maintains \"Buy\" Rating as Gaming and TapTap Revenue Growth Significantly Exceed Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-09-30 15:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A research report indicates that XD INC (02400) delivered comprehensive outperformance in both gaming and TapTap revenue growth during 1H25, with company revenue increasing 38.7% year-over-year and adjusted net profit reaching 796 million yuan, up 235.3% year-over-year.</p>\n<p>On the gaming front, revenue growth and profitability improvements exceeded expectations, driven by increased monetization following content updates for games such as \"Heartbeat Town\" and \"Torchlight,\" as well as incremental contributions from the overseas launch of \"Ragnarok M: Eternal Love\" initial server. Meanwhile, on the TapTap platform, despite year-over-year MAU growth being affected by product cycles, the company achieved better-than-expected revenue growth by enhancing advertising efficiency and user engagement.</p>\n<p>Looking ahead, the company's capabilities in long-term operations of high-quality content games and overseas publishing are expected to support sustained growth in the gaming segment. For TapTap, while product cycle recovery should drive user base expansion, improvements in monetization efficiency are expected to continue. The \"buy\" rating is maintained.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1591","symbol_name":"就地过年概念","start_time":0,"source_url":"","article_id":"1189739530","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189739530","pubTimestamp":1759217503,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"A research report indicates that XD INC (02400) delivered comprehensive outperformance in both gaming and TapTap revenue growth during 1H25, with company revenue increasing 38.7% year-over-year and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1591":"就地过年概念","BK1585":"昨日强势股","BK1615":"港股-互联网","BK1104":"互动家庭娱乐","BK1608":"元宇宙概念","BK1579":"头条系概念股","BK1531":"手游股","BK1589":"北水核心资产","02400":"心动公司"},"translate_title":"XD INC维持“买入”评级，游戏和TapTap营收增长大幅超预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02400":1},"content_text":"A research report indicates that XD INC (02400) delivered comprehensive outperformance in both gaming and TapTap revenue growth during 1H25, with company revenue increasing 38.7% year-over-year and adjusted net profit reaching 796 million yuan, up 235.3% year-over-year.\nOn the gaming front, revenue growth and profitability improvements exceeded expectations, driven by increased monetization following content updates for games such as \"Heartbeat Town\" and \"Torchlight,\" as well as incremental contributions from the overseas launch of \"Ragnarok M: Eternal Love\" initial server. 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