【招银国际】Ad revenue growth recovery still takes time.pdf

Pent-up demand boosts revenue recovery

–Game business weighed on revenue growth despite resilient ad and VAS business

Fire Up Your B2B Revenue Generation Engine

Higher consumer internet revenue contribution boosted margin

Rampup of generative AIrelated revenue on track

State-by-State Hotel Revenue, Tax and Job Loss

Inline 2Q24 results; games business to drive revenue growth acceleration in 2H24E

Awaiting recovery of ads revenue growth

–Consumer wallet share gain strategy boosted revenue and earnings growth

Expecting inline 3Q revenue growth with upside coming from bottom line