Glory Star New Media Group Holdings Ltd (GSMG)

[ProfitScout]

Very positive to see that GSMG continues revenue growth as its popular entertainment platforms gain more presence in the huge marketplace that China offers. This company has a winning formula that should deliver strong results for the foreseeable future.

From the news:

Downloads of the CHEERS App1 exceeded 121.0 million as of June 30, 2020, compared to 35.5 million as of June 30, 2019.
Average daily active users (“DAUs”)2 of the CHEERS App increased to 4.9 million for the three months ended June 30, 2020 from 1.0 million in the same period of 2019. DAUs of CHEERS App increased to 4.5 million for the six months ended June 30, 2020 from 0.7 million in the same period of 2019.
Stock Keeping Units (“SKUs”) carried in the Company’s e-Mall were 19,984 as of June 30, 2020, compared to 3,000 as of June 30, 2019.
Gross Merchandise Value (GMV)3 in the three month ended June 30, 2020 was over $14.1 million, compared to $1.0 million in the same period of 2019. GMVs in the six months ended June 30, 2020 was approximately $20.0 million, compared to $1.0 million in the same period of 2019.
Second Quarter and Half Year 2020 Financial Highlights