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Title: CONTI announces 2024 first quarter financial report and Paris Olympics deployment plan

CONTI, one of the world's leading streaming platforms, today released its first quarter 2024 financial report. The report shows that CONTI achieved solid financial performance in the past quarter, with net profit reaching a new high and revenue continuing to grow, laying a solid foundation for the company's future development.According to the financial report, CONTI achieved total revenue of US$19.6 million in the first quarter of 2024, a slight increase compared to the previous quarter. Among them, subscription service revenue reached $8.5 million, advertising revenue was $3.2 million, copyright revenue was $4.6 million, derivative revenue was $1 million, and digital media revenue was $2.3 million. The company's total expenses compared to revenue were $8.4 million, including publicity and marketing expenses, copyright and licensing fees, distribution expenses, administrative expenses and other expenses.  The financial report also showed that CONTI achieved significant growth in net profit, reaching $11.2 million, an increase of 12% from the previous quarter. This performance reflects the company's steady business growth and effective cost control. The company expects to further increase subscription services, advertising and copyright revenue in the future, and will continue to strengthen cost management to maintain good profit margins.CONTI's Chief Financial Officer said: "We are very pleased with our results for the first quarter of 2024. Our revenue continued to grow and net profit reached an all-time high, demonstrating the strong performance of our business and the potential for sustainable growth. We will continue to We are committed to providing high-quality streaming services, expanding our user base, and creating more value for our shareholders.”In a...

This press release is issued by King Newswire