For 1HFY2025 ended June 30, 17Live reported operating revenue of US$81.1 million ($103.7 million), down 19.8% y-o-y from US$101.2 million. However, operating revenue for 2QFY2025 came in at US$41 million, up from US$40.1 million in 1QFY2025. Jiang acknowledges the annual drop but stresses that the sequential improvement is the more important indicator. “Although y-o-y is down … we have more to look forward to, knowing that our strategy has paid off. We are confident we can see growth soon,” adds Jiang.
Live-streaming platform 17Live has posted its first q-o-q revenue growth since going public in December 2023 as Singapore’s first and only special purpose acquisition company (spac) listing. The company has reversed a multi-year pattern of sequential declines and marked what CEO Jiang Honghui calls “a clear sign of strategic momentum”.
“This quarter represents a turning point for 17Live. We are regaining growth momentum while continuing to strengthen operational and financial fundamentals. With improvements across our creator ecosystem, operational efficiency and new revenue verticals, we are optimistic about the road ahead as we deepen our focus on product and service innovation, business growth and sustainability, and long-term shareholder value creation,” says Jiang.
