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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
NetDragon Websoft
NetDragon Websoft (777) investor relations material
NetDragon Websoft H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary27 Aug, 2026
Executive summary
Revenue for H1 2026 was RMB 2.1 billion, down 12.2% YoY, with gaming and application services contributing 75.8% and Mynd.ai 24.2%.
Gaming segment achieved half-over-half growth, driven by flagship IPs, AI-powered innovation, and operational resilience.
Mynd.ai subsidiary narrowed core segmental loss by 35.4% YoY, improved margins, and grew SaaS revenue by 30% YoY.
AI Workforce OS and moyu AI ecosystem launched, supporting cost reduction and business transformation.
Interim dividend of HKD 0.50 per share declared, with net cash and liquid investments at RMB 1.8 billion.
Financial highlights
Total revenue for H1 2026 was RMB 2.1 billion, down 12.2% YoY; gaming and application services revenue was RMB 1.6 billion (down 8.8% YoY, up 3.1% HoH); Mynd.ai revenue was RMB 505 million (down 21.2% YoY).
Gross profit was RMB 1.5 billion, down 11.7% YoY; gross margin improved to 69.9%.
Operating profit rose 24.1% YoY to RMB 144 million; profit attributable to owners increased 20.0% YoY to RMB 36 million.
Adjusted profit (excluding impairment and one-off items) was RMB 254 million, down 8% YoY.
Interim dividend per share remained stable at HKD 0.5.
Outlook and guidance
Cautiously optimistic for H2 2026, expecting continued gaming growth, cost optimization in education, and further SaaS expansion.
AI-native games and new AI applications anticipated to drive future growth.
Commitment to distribute at least HKD 600 million to shareholders over the next 12 months.
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Latest events from NetDragon Websoft
- Gaming growth and a Mynd.ai spin-off offset a year of lower consolidated revenue and profit.777
H2 2023 - Profitability rebounded in H2 2025 as AI and cost controls offset a 26% revenue decline.777H2 2025
- Revenue down 27.9% YoY; cost cuts, AI focus, and higher dividend support future growth.777H1 2025
- Revenue fell 10.3% YoY, but EBITDA rose 12.9% and new games and SaaS drive future growth.777H1 2024
- Profit before tax up 19.1% YoY despite revenue drop, with strong AI-driven cost savings.777H2 2024
Next NetDragon Websoft earnings date
H2 202625 Mar, 2027
NetDragon Websoft
Next NetDragon Websoft earnings date
H2 202625 Mar, 2027
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Frequently asked questions
NetDragon Websoft Holdings Limited is active in China's online gaming and mobile internet sectors. The company is a major developer, operating a broad range of massively multiplayer online games alongside significant ventures into mobile applications. Its portfolio includes both self-developed titles and games based on Western intellectual properties from notable companies like Disney, Electronic Arts, and Ubisoft. Additionally, NetDragon has expanded its influence into educational technology, acquiring entities such as Edmodo and Promethean. NetDragon is headquartered in Fuzhou, Fujian, China, and its shares are listed on the Hong Kong Stock Exchange.