Hong Kong's Boyaa Interactive posts H1 net loss due to fair value losses on digital assets

OverviewHong Kong online games developer's H1 revenue rose 16% yr/yr to HK$258 mlnCompany posted net loss attributable to owners of HK$792 mln for the periodNet loss mainly due to fair value losses on digital assetsOutlookPet Land anticipates launch within 2026 following its development and optimisation phaseBoyaa plans to launch its Web3 game token project once self-developedResult DriversDIGITAL ASSET LOSSES - Net loss mainly attributed to fair value losses on digital assetsTEXAS HOLD'EM GROWTH - Revenue from Texas Hold'em series rose 22.9% yr/yrTRADITIONAL CHINESE VERSION - Revenue from Traditional Chinese language games grew 28.6% yr/yrKey DetailsMetricBeat/MissActualConsensus EstimateH1 RevenueHK$258.33 mlnH1 Net Loss AttributableHK$792.32 mlnReuters Recommended ReadsAug 20 - China's NetEase Q2 revenue rises 7.9% on game growthAug 17 - Alibaba to sell Lingxi Games in more than $2 billion deal, source saysAug 20 - China's DouYu Q2 revenue falls on weaker livestreaming demandFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .