Changyou Alliance (01039) announced interim results. Shareholders' share loss of 7.394 million yuan narrowed by 57.9% year-on-year

According to the Zhitong Finance App, Changyou League (01039) announced the results for the six months ended June 30, 2024. The group achieved revenue of 102 million yuan (RMB, same below) during the period, a year-on-year decrease of 29.32%; the loss attributable to the company's equity shareholders was 7.394 million yuan, a year-on-year decrease of 57.9%; and the basic loss per share was 0.41 points.

According to the announcement, since free distribution of points to customers by the platform's business partners will generate costs, business partners will control the distribution and consumption of points to a certain extent according to their own business conditions in terms of point management. In the context of an unstable economic environment, revenue declined due to the impact of the total amount of points used by business partners.