NEWBORNTOWN (09911) is expected to have a total income of approximately 20.3 billion to 21.3 billion in the first quarter, representing a year-on-year growth of approximately 33.0% to 39.6%.

NEWBORNTOWN (09911) announced that for the three months ending March 31, 2026, the group's total revenue is expected to be approximately RMB 20.3 billion to RMB 21.3 billion, an increase of about 33.0% to 39.6% compared to the same period in 2025. The overall revenue growth of the group is mainly attributed to the contributions from the social and innovation businesses. As of March 31, 2026, the group's social business has accumulated approximately 1.02 billion downloads, an increase of about 5.4% compared to December 31, 2025. In the first quarter of 2026, the group's social business had an average monthly active user base of approximately 35.895 million, a sequential increase of around 1.7%. For the three months ending March 31, 2026, the total revenue of the group's social business is expected to be approximately RMB 17.85 billion to RMB 18.65 billion, an increase of about 31.3% to 37.2% compared to the same period in 2025. The revenue of the group's social business maintained steady growth in the first quarter of 2026, mainly driven by the group's continued globalization efforts and AI application, which led to the steady growth of flagship products. For the three months ending March 31, 2026, the total revenue of the group's innovation business is expected to be approximately RMB 2.45 billion to RMB 2.65 billion, an increase of about 46.7% to 58.7% compared to the same period in 2025. The significant growth in revenue of the group's innovation business is mainly due to the rapid growth of the short video business driven by AI technology investment by the company.