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Glacier Network: Net loss in the first quarter was about 4.4%reelpennbattleiii8000.46 billion yuan turned into losses year-on-year Securities Times e Company Newsreelpennbattleiii8000Glacier Network (300533) released its first quarter report on the evening of April 26. In the first quarter of 2024, it achieved operating income of 560 million yuan, a year-on-year decrease of 18.76%(after adjustment); net profit loss was approximately 446 million yuan...

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Glacier Network: The net loss in the first quarter was approximately 446 million yuan, which turned to loss year-on-year. Securities Times e Company News. Glacier Network (300533) released its first quarter report on the evening of April 26. In the first quarter of 2024, it achieved operating income of 560 million yuan, a year-on-year decrease of 18.76%(After adjustment); the net profit loss was approximately 446 million yuan, which turned to loss year-on-year. The decline in revenue was mainly due to the extension of game players 'life cycles and the deferred recognition of revenue during the reporting period.