NetDragon Websoft Reports 27.9% Revenue Decline, First Half 2025 Profit at RMB 62 Million
Reuters
Aug 28
NetDragon Websoft Reports 27.9% Revenue Decline, First Half 2025 Profit at RMB 62 Million
NetDragon Websoft Holdings Ltd. has announced its unaudited consolidated financial results for the six months ended June 30, 2025. The company's revenue for this period was reported at RMB 2.381 billion, a decrease from RMB 3.301 billion in the same period in 2024. The gross profit also saw a decline, reaching RMB 1.655 billion compared to RMB 2.199 billion the previous year. The segment analysis revealed that the gaming and application services contributed RMB 1.738 billion to the revenue, while the Mynd.ai business added RMB 641 million. Property development accounted for RMB 2 million of the total revenue. The company recorded a segment profit of RMB 158 million, which included a profit of RMB 402 million from the gaming and application services, a loss of RMB 237 million from the Mynd.ai business, and a loss of RMB 7 million from property development. After factoring in unallocated income and expenses, the profit before taxation stood at RMB 62 million. NetDragon Websoft Holdings Ltd. indicated that despite temporary challenges, the gaming business continued to advance, maintaining stable operations in the first half of 2025. No specific guidance or outlook for future periods was disclosed in the announcement.
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