Revenues from this quarter accounted for more than 90% of the revenue, and the proportion of advertising revenue declined.

August 13th, before the US stock market, the game broadcast company Betta released unaudited financial data for the second quarter of 2019, which was the first financial report after the listing of Betta in July.

Financial report data shows that Boutou Q2 net revenue reached 1.872 billion yuan, an increase of 133.2%; net profit was 23.2 million yuan, a loss of 228.7 million yuan in the same period last year; adjusted net profit of 52.6 million yuan last year The loss for the same period was 221.9 million yuan.

This is also the two consecutive quarterly profit of the fighting fish. In comparison, Tiger’s teeth have been profitable for six consecutive quarters. After the US stock market on August 13, Huya will release its first quarter earnings report.

Up to now, due to the positive impact of the new quarterly earnings, Batu’s share price is $10.75 per share. The share price rose by 8.26% and the market value was about $3.2 billion. Huya shares price of 20.60 US dollars per share, the stock price rose 0.98%, the market value is about 4.5 billion US dollars.

Betta fish revenue in the second quarter is still derived from the contribution of live broadcast revenue. Among them, the live broadcast of fighting fish was 1.708 billion yuan, an increase of 156.0%; advertising and other income was 164.4 million yuan, an increase of 21.2%.

Before, fighting fish has been in a state of loss. In the previous quarter, it turned losses into profits. It was also because of bank interest and foreign exchange income. Therefore, the outside world was not optimistic about its profitability this quarter. However, the profitability of the fighting fish in the quarter was caused by many reasons such as the growth of paying users and cost control.

The size of the betta fish user, the scale of paying users has expanded, and the income plate has been enlarged. In the second quarter of 2019, the average MAU of fighting fish reached a record high of 162.8 million, an increase of 32.6%. The mobile terminal average MAU also increased to 50.6 million, an increase of 42.5%. The average number of paying users in the quarter of the betta reached 6.7 million, an increase of 123.3% compared with 3 million in the same period of 2018.

In addition, the betta platform’s liquidity, bandwidth utilization and commercial operation efficiency have also improved. In the second quarter of 2019, the cost of fighting fish revenue was 157.17 billion yuan, a year-on-year increase of 104.0%. Among them, the cost is mainly invested in content and content sharing costs, an increase of 121.0% year-on-year to 1,326.6 million yuan.

Revenue is slightly faster than the increase in cost, which has increased the profit of Betta fish to 301.1 billion yuan, an increase of 823.8%. Gross profit margin also increased from 4.1% in the second quarter of 2018 to 16.1% in the second quarter of 2019.

For future development, Betta fish founder and CEO Chen Shaojie said, “The future will continue toTo build a high-quality content ecosystem with games as the core, and to strategically improve the efficiency of each content partition. According to the financial report, in the future, fighting fish will continue to drive revenue growth by continuing to expand the user base, increase the payment rate and increase ARPPU (average revenue per paying user); and continuously improve the profitability of betta by optimizing operational efficiency and operational leverage.

According to the second quarterly report, in the third quarter of 2019, the revenue of fighting fish is expected to reach 1.95 billion to 2 billion yuan, an increase of 90.3% to 95.2% compared with the same period in 2018.