On November 30th, Huanju Group released its financial report for the third quarter of 2023, with a revenue of 567.1 million US dollars, a month on month increase of 3.6%; The revenue of the core business segment BIGO reached 494.1 million US dollars, a month on month increase of 4.9% and a year-on-year increase of 2.2%, achieving a year-on-year positive growth in revenue for the first time in six quarters. Under non US GAAP accounting standards, the group's net profit for the quarter was $81.2 million, a year-on-year increase of 5.5%, with a net profit margin of 14.3%; BIGO's operating profit was $81.9 million, a year-on-year increase of 11.7%, with an operating profit margin of 16.6%.
In the third quarter, Huanju Group's global social entertainment MAU (monthly active users) increased by 2.6% year-on-year, reaching 276.8 million. Among them, Bigo Live MAU achieved double-digit growth for six consecutive quarters, with a year-on-year increase of 14% to 40.3 million in this quarter. The paid users in the BIGO sector maintained a healthy growth, with a year-on-year increase of 6.6%.