Zhitong Financial APP learned that Fubo Group (03738) rose by more than 5%, up 5% as of press time.Reelsharky3.56% to HK $1.33, with a turnover of HK $3.88 million.

In terms of performance, the company's main business grew strongly in 2023, driving a significant improvement in the quality of earnings, and the growth logic continued to materialize. From a sub-business point of view, the company's subscription services achieved eye-catching high growth. During the period, the business revenue reached 868 million yuan, an increase of about 58% over the same period last year, accounting for about 43% of the total revenue. The revenue from value-added services was 1.133 billion yuan, up 27% from the same period last year and accounting for about 57% of the total revenue. From a sub-market point of view, the domestic market continued to grow strongly during the period, with revenue reaching 1.002 billion yuan, an increase of 44% over the same period last year, while the North American market made steady progress, with revenue of 983 million yuan, an increase of 33% over the same period last year.

It is reported that the company adopts a multi-pronged approach to seize the opportunities for the revolutionary development of the global digital content industry brought about by the outbreak of AI. In terms of research and development, the company has set up an R & D center in Florida to actively explore AI technology; in terms of data, the company has built the world's largest audio-visual content fingerprint database, which is expected to improve the company's data rights on the one hand.Reelsharky3On the other hand, it will help the content parties strive to maximize the realized value of the content; in the application direction, the company launched the AIGC video technology service product-Yuanfan Cloud, which provides complete AIGC services for digital content creators and creative platforms.