[TechWeb] on Nov. 9, Ali Pictures released its interim results up to September 30, 2018. During the reporting period, Alibaba Pictures reported revenue of 1.532 billion yuan, up 29.4 percent from 1.184 billion yuan in the same period last year. The net loss was 154 million yuan, down 64.1% from 431 million yuan a year earlier.
Ali Pictures three core business sectors are Internet dissemination, content production and comprehensive development.
In terms of financial results, the Internet publicity and distribution business recorded revenue of 1.172 billion yuan during the reporting period, an increase of 19.2% over the previous period of 983.6 million yuan, mainly due to the increase in online ticketing fees and online publicity and distribution revenue.
The report shows that at the same time of revenue growth, the Taobao ticket relies on the head content and product operation to drive market share, and the effect of ticketing is significant. The market expenses decreased by 16.9% year-on-year, and the operating profit was RMB 063.8 million during the reporting period. Compared with the previous period, the operating loss was 220 million yuan, which turned losses into profits.
In addition, during the reporting period, Ali Pictures' content production revenue was 310 million yuan, compared with 169 million yuan for the same period last year; Revenue from integrated development (intellectual property-centric derivatives and enabling financial services) was 49.41 million yuan, up about 55.7 percent year-on-year from 31.74 million yuan in the same period last year.
According to the report, Ali Pictures is making several films and is expected to release in 2019. The Spring Festival animated film Paiqi has been filmed and will be released during the Lunar New year of the Pig. In addition to films, the Group is also involved in the production and investment of a number of series. In addition, the Group participated in the production of a number of public interest short films, is expected to be launched in the second half of this year.
As of September 30, 2018, Ali Pictures held cash and cash equivalents and bank deposits in multiple currencies of about 4.5 billion yuan. (Zhou Xiaobai)