FY2024
Operating Revenue & Gross Profit
(in USD million)

2H2024 v 1H2024
Operating Income
(in USD million)

V-Liver
Generated Revenue
(in USD million)

Gross Profit Margin: 43.3%
(FY2023 Gross Profit Margin: 41.2%)

  • 17LIVE took a strategic decision to maintain profitability while inevitably sacrificed some market share since 2023. As a result, a robust gross profit margin of 43.3% on the back of US$190.8 million operating revenue was recorded in FY2024.
  • Operating Income for 2H2024 improved significantly on both year-on-year basis, and compared to prior period.
  • 2H2024 narrowed operating revenue decline by 9.5 percentage points (1H2024 decline by 20.9%; 2H2024 decline by 11.4%), and recorded operating revenue of US$89.7 million in 2H2024.
  • V-Liver generated revenue improved more than double in FY2024, reflecting growing popularity of virtual livestreaming among content creators and users.