Summary by Futu AI
CRAZY SPORTS GROUP LIMITED ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. For the year, the Group's total revenue was approximately HK$490.2 million, down 30.3% compared to 2022. It recorded a loss of HK$23.3 million for the full year, compared to a profit of HK$17.7 million in 2022. The results reflect the Group's growth momentum in its digital sports entertainment business, particularly the 12.2% growth in revenue from its sports knowledge paid platform. The Group is committed to adjusting its business model and strategy, focusing on developing core businesses for sports enthusiasts, and focusing on introducing advanced data analytics and AI technologies. The chairman of Crazy Sports Group, Zhang Lijun, said that the Group will continue to grasp the opportunities for the development of the country's sports industry and looks forward to the growth opportunities brought by the 2024 sports competition year.