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

2022 Hotel Room Revenue by State

2022 State and Local Tax Revenue by State

3Q results review: Solid revenue growth with lower margin

Fire Up Your B2B Revenue Generation Engine

–Games revenue growth accelerated with solid margin expansion

2H24 preview: both revenue, NP stable HoH

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

Awaiting recovery of ads revenue growth

Inline 3Q23 results; strong music subscription revenue growth

Saving Lives While Raising Revenue