GLONGHUI March 26 | Fubo Group (3738.HK) today announced its 2023 annual results. According to the announcement, the company's total revenue was HK$2 billion, up 39% year on year, and gross margin increased by 2 percentage points year on year. Among them, gross profit margin increased 39% in the first half of the year, and gross margin increased significantly to 45.8% in the second half of the year. By business, revenue from subscription business was HK$868 million, up 58% year on year, and revenue from value-added business was HK$1,133 million, up 27% year over year. The annual report shows that under the premise of ensuring continuous and steady business growth, the company spared no effort to invest in AI layout and continuously accumulate technical reserves. Earlier, the introduction of Wensheng's video model Sora led Fubo Group to increase by more than 25% in a single day. Generative AI has brought major changes to the field of digital content creation. The film and television media industry is also facing significant growth opportunities, and the demand for digital authorization and transactions is huge. Relying on the core capabilities of digital authorization, Fubo will assume a more important industrial role in the generative AI era. Huge industrial opportunities will reshape the company's growth curve and are expected to bring in a new round of large-scale revenue. On March 8, 2024, Fubo Group (3738.HK) was included in the Hang Seng Hong Kong Stock Connect AI Themed Index. It is expected that after inclusion in this index, Fubo Group will further increase its popularity and attention in the field of artificial intelligence.