GLONGHUI, September 1 | Fangzheng Securities released a research report saying that maintaining Fubo Group's “recommended” rating, the estimated revenue for 2023-25 will be 20/28/3.7 billion yuan, corresponding to net profit of 11/2.1/340 million yuan (previously, net profit for 2023/24 was 0.49/135 million yuan), mainly due to its increased profit and accelerated progress. On August 28, the company released its 2023 interim report, with revenue of HK$1 billion, an increase of 80.3% over the previous year, net profit of HK$29 million, an increase of 23.3%, and steady and healthy business growth in all divisions. Furthermore, by the end of the reporting period, the company had 216 content customers and 137 platform customers. In-depth cooperation was reached with Volcano Engine during the period, while also actively exploring business applications in the fields of web 3.0 and AIGC. The bank expects that the company's capabilities in digital authorization will help it expand in related cutting-edge fields.