TouchPal announced its unaudited financial results for the third quarter of 2021 as of September 30, 2021. According to the financial report, TouchPal’s adjusted net profit for the third quarter of 2021 was US$370,000, and its adjusted net loss for the same period last year was US$20.52 million.
This quarter has continued to turn around. Content series products account for approximately 99% of total revenue. The average daily active users of content series products in September 2021 were 18.7 million.
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Zhang Kan, Founder, and Chairman of TouchPal said: “Despite the uncertainty in the domestic mobile advertising market, we have always focused on achieving group-level profitability. Make an effective contribution to the overall gross profit margin.”
At the same time, the financial report shows that TouchPal’s overseas web-text business has also been greatly improved in Q3, and the user scale has increased by 20% from the previous month.
This is mainly due to the optimization and upgrading of the content ecology and refinement system, making users more suitable for the content of interest. , So that the influence of TouchPal’s overseas web application predict content continues to rise.
Moreover, based on the synergy between the two pillar industries, online text, and games, TouchPal is also continuing to explore the possibility of Metaverse and NFT platforms.
Zhang Kan, Chairman of TouchPal, said: “We have further strengthened our exposure in the overseas mobile game and online literature markets, which form the basis of our recently launched Meta Universe and NFT programs.”
