7Road Holdings (HKG:0797) expects a loss of 80 million yuan for 2024 against a profit of 3 million yuan from continuing operations in 2023, a Wednesday bourse filing said.
The game developer attributed the expected swing to a gradual drop in revenue during the reporting year compared to a boost in revenue in 2023 due to a new game launched at the end of 2022.
Shares of the company were down over 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.