【招银国际】 Pent-up demand boosts revenue recovery.pdf

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

Publisher’s Playbook: Unlock the Full Revenue Potential of Political Advertising

–Generative AI related revenue generation ramping up

–Strong 3Q results on accelerating AI revenue

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

Increase Top-Line Revenue Growth in Any Market

–Weak revenue growth in the price; overseas growth story still intact

–Consumer wallet share gain strategy boosted revenue and earnings growth

Higher consumer internet revenue contribution boosted margin

Expect higher contribution from AI revenue in 3Q; Upgrade to Buy