trending Market Intelligence /marketintelligence/en/news-insights/trending/-xxD3eMxEe3J3vjm9_r8-w2 content esgSubNav
In This List

ChinaNet Online Q1 loss narrows YOY

Blog

Live TV still dominates most TV viewing in Asia

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Credit Risk Trends for Telecom & Tech: A Mid-Year 2021 Outlook


ChinaNet Online Q1 loss narrows YOY

ChinaNet Online Holdings Inc. said its normalized net income for the first quarter came to a loss of 8 cents per share, compared with a loss of 12 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $870,630, compared with a loss of $1.2 million in the year-earlier period.

The normalized profit margin increased to negative 17.2% from negative 21.5% in the year-earlier period.

Total revenue fell 11.6% year over year to $5.1 million from $5.7 million, and total operating expenses fell 16.9% from the prior-year period to $6.5 million from $7.8 million.

Reported net income came to a loss of $1.4 million, or a loss of 13 cents per share, compared to a loss of $1.8 million, or a loss of 18 cents per share, in the prior-year period.