The revenue of Q4 in happy gathering era was 2.484 billion, with a year-on-year increase of 30.8%, and the contribution of live broadcasting business was 89%

In the fourth quarter, the net revenue of huanju era was 2.484.2 billion yuan (about 357.8 million US dollars), an increase of 30.8% over 1.899.8 billion yuan in the same period last year

original title: the fourth quarter net revenue of huanju era was 2.48 billion yuan, accounting for 89% of the live broadcast contribution

on March 15, huanju era released the unaudited financial statements for the fourth quarter and the whole year of fiscal 2016 as of December 31. In the fourth quarter, the net revenue of huanju era was 2.484.2 billion yuan (about 357.8 million US dollars), an increase of 30.8% over 1.899.8 billion yuan in the same period last year. The net profit was 572.3 million yuan (about 82.4 million US dollars), an increase of 59.3% compared with 359.2 million yuan in the same period last year. Not in accordance with U.S. GAAP, the net profit was 598.6 million yuan (about 86.2 million U.S. dollars), an increase of 42.4% compared with 420.4 million yuan in the same period last year

in the fourth quarter, the revenue of live streaming media services (YY live broadcast, online dating, Huya live broadcast, PK show, me application and other live broadcasting services) in huanju era was 2.218 billion yuan (about $319.5 million), accounting for 89% of the total revenue, an increase of 41.7% compared with 1.565.2 billion yuan in the same period of last year

< strong > fourth quarter performance < / strong >

the growth of net revenue in the fourth quarter of the happy gathering era was mainly due to the growth of revenue from live streaming services. The revenue of live streaming media services (YY live broadcast, online dating, Huya live broadcast, PK show, me application and other live broadcasting services) in the happy gathering era was 2.218 billion yuan (about $319.5 million), accounting for 89% of the total revenue in the fourth quarter

the revenue from online game business was 125.4 million yuan (about US $18.1 million), compared with 172.4 million yuan in the same period last year. The decline of online game revenue in the fourth quarter of huanju era mainly reflects the continuous downturn of China's web game market

the revenue from member subscription fees was 74.7 million yuan (about US $10.8 million), compared with 80.8 million yuan in the same period last year

the revenue from other businesses (mainly from online education platforms and online advertising) was 65.9 million yuan (about 9.5 million US dollars), compared with 81.4 million yuan in the same period last year

the revenue cost was RMB 1559.6 million (about US $224.6 million), an increase of 33.5% over RMB 1168.2 million in the same period last year. The increase in revenue costs in the fourth quarter of the happy gathering era was mainly due to the increase in revenue sharing fees and content costs. In the fourth quarter, the revenue sharing fee and content cost of huanju era were 1.222 billion yuan (about 176 million US dollars), compared with 807.3 million yuan in the same period last year

the operating expenditure was 495.5 million yuan (about 71.4 million US dollars), compared with 354.6 million yuan in the same period last year

the gross profit was 924.6 million yuan (about 133.2 million US dollars), an increase of 26.4% over 731.6 million yuan in the same period last year. The gross profit margin was 37.2%, lower than 38.5% in the same period last year

the operating profit was 621.5 million yuan (about 89.5 million US dollars), an increase of 51.7% compared with 409.8 million yuan in the same period last year. The fourth quarter operating profit margin of huanju era was 25%, compared with 21.6% in the same period last year. Not in accordance with U.S. GAAP, the operating profit was 647.9 million yuan (about 93.3 million U.S. dollars), an increase of 37.6% over 471 million yuan in the same period last year. The operating profit margin was 26.1%, compared with 24.8% in the same period last year

as of December 31, 2016, the total amount of cash and cash equivalents held by huanju era was RMB 1579.7 million (about US $227.5 million), and short-term deposits were RMB 3751.5 million (about US $540.3 million). In the fourth quarter of the happy gathering era, the net cash from business operations was 996.5 million yuan (about 143.5 million US dollars)

< strong > 2016 annual performance < / strong >

throughout fiscal 2016, the net revenue of huanju era was 8.204.1 billion yuan (about $1181.6 million), an increase of 39.1% compared with 5.897.2 billion yuan in fiscal 2015. The net profit was 1.523.9 billion yuan (about $219.5 million), an increase of 47.5% compared with 1.033.2 billion yuan in fiscal 2015. Not in accordance with U.S. GAAP, the net profit was 1.681.2 billion yuan (about $242.1 million), an increase of 38% compared with 1.218.6 billion yuan in fiscal 2015

in fiscal 2016, the net cash from business operations in the happy gathering era was 2.421 billion yuan (about $348.7 million)

< strong > performance expectation < / strong >

the happy gathering era predicts that the net revenue in the first quarter of fiscal 2017 will reach 2.2 billion yuan to 2.3 billion yuan, an increase of 33.4% to 39.5% year-on-year

editor: Nancy