Summary by Moomoo AI
THE VOBILE GROUP ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH REVENUES OF HK$2,000,989 THOUSAND, AN INCREASE OF APPROXIMATELY 39% OVER THE PREVIOUS YEAR. Gross profit increased to HK$850,157 thousand and gross profit increased from 40.9% to 42.5%. However, the loss for the year was HK$210,000 and a profit of HK$58,103 thousand in the same period last year. Adjusted EBITDA was HK$319,196 thousand, an increase of approximately 7% year-on-year. Total assets are HK$3,506,108 thousand, total liabilities are HK$1,366,296 thousand and net assets are HK$2,139,812 thousand. The Board of Directors does not recommend the distribution of any dividends. As an investment holding company, Fubo Group is primarily engaged in Software-as-a-Service (SaaS) business and actively participates in CSR activities, collaborates with the University of Florida to develop AI technologies and optimize business process efficiency through large model products.