RSS   Newsletter   Contact   Advertise with us
Post Online Media

Acorn International Q3 net revenues increased 38.1%

Acorn International
Acorn International   Gross margin increased to 73.2%

Acorn International announced its unaudited financial results for the third quarter and nine months ended September 30, 2018.


Net revenues increased 38.1% year-over-year in Q3 2018 to US$8.3 million.

Gross profit rose 39.6% year-over-year in Q3 2018 to US$6.1 million.

.

Gross margin increased to 73.2% in Q3 2018 from 72.4% in Q3 2017.

Income from continuing operations was US$1.5 million in Q3 2018 compared to a loss from continuing operations of US$0.2 million in Q3 2017.

Net income was US$3.8 million in Q3 2018 as compared to net income of US$2.3 million in Q3 2017.

Our business Acorn Entertainment expanded its client roster to include US sports, film, television, and music celebrity talent as well as brands looking to expand their presence in China.

Recorded Singles' Day Sales of RMB 13.6 million, up from RMB 7.8 million in 2017.

Signed cooperation agreement with influential media powerhouse Shanghai Media Group through one of its key content subsidiaries, Dragon Entertainment Group, to provide cross-border resources to support Acorn's influencer management business.

 

What to read next
POST Online Media Contact

 
 

POST Online Media does not use cookies to collect information about visitors.   OK, hide this message   Third party ads may be using cookies, you can see how here.