【招银国际】Cloud revenue growth and AI related monetization remain keys to watch.pdf

Higher consumer internet revenue contribution boosted margin

2H24 preview: both revenue, NP stable HoH

Pent-up demand boosts revenue recovery

Fire Up Your B2B Revenue Generation Engine

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

Rampup of generative AIrelated revenue on track

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

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

Awaiting recovery of ads revenue growth

Ad revenue growth recovery still takes time