On a full-year basis, the group is still in the red, but losses have narrowed to US$924,000 from US$3.27 million in FY2024.
Revenue however did not see growth. The group posted operating revenue of US$158.8 million for 2025, a decrease of 16.8% y-o-y, primarily from Liver live streaming. The group’s revenue from V-Liver live streaming increased slightly from US$11.0 million in FY2024 to US$11.1 million in FY2025.
Revenue for 2HFY2025 came in at US$77.6 million, a decline from US$89.7 million a year ago.
17Live declared a final dividend of 0.5 cents per share. Including its interim dividend of 1.5 cents per share, the total dividend payout for FY2025 is 2.0 cents.
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See more: 17Live posts profits of US$3.7 mil in 2HFY2025
Analysts Serena Lim and Paul Chew note that while the group had turnaround a profit in 2HFY2025, earnings were below expectations.
“We reduced our FY2026 revenue and Patmi forecasts by 25% and 37.5%, respectively, reflecting softer growth assumptions for the live-streaming market, slower monetisation trends, and a longer ramp-up period for new initiatives to contribute meaningfully to earnings. We continue to expect a consistent dividend policy and management’s ongoing share buyback programme,” say Lim and Chew.
In addition, 17Live continues to execute share buyback programme launched in 2024, with authority to repurchase up to 10% of issued share capital. As of 2HFY2025, 9 million shares worth of US$6.8 million ($8.9 million) have been bought back, representing about 53% of the authorised limit under the current mandate.
However, Lim and Chew are cautious on the negative growth from core segments at the moment.
“We expect the negative growth in the core segment (2HFY2024: -34%) to gradually narrow as the removal of exclusive contracts and ongoing events attract top-active streamers from competitors. This should boost monthly active users, particularly in Japan, and support higher conversion to paying clients, with revenue impact likely to materialise in FY2026,” they say.
As at 11.30am, shares in 17Live are trading at 85 cents.
