Antelope Enterprise Holdings Limited announced unaudited financial results for the six months ended June 30, 2025, reporting a 5.7% decrease in total revenues to $41.0 million and a reduced net loss of $3.6 million compared to the same period in 2024. The revenue decline was attributed to strategic centralization of e-commerce traffic acquisition and the cessation of DOU+ advertising activities due to policy changes.
Key takeaways
Total revenues for the six months ended June 30, 2025 decreased by 5.7% to $41.0 million from $43.5 million for the same period in 2024.
Net loss for the six months ended June 30, 2025 decreased to $3.6 million from $6.5 million for the same period in 2024.
Loss per share for the six months ended June 30, 2025 decreased to $1.03 from $4.84 for the same period in 2024.
Cash was $1.8 million as of June 30, 2025 compared to $1.1 million as of December 31, 2024.
Total liabilities decreased significantly to $8.9 million as of June 30, 2025 from $11.8 million as of December 31, 2024.
The revenue decline was primarily attributable to strategic centralization of e-commerce traffic acquisition and the loss of $2.2 million in DOU+ revenue due to PRC policy changes.