May 18, 2022 04:25 PM (GMT+8) · EqualOcean
Betta released its first quarter earnings for 2022 as of March 31 this afternoon. According to the financial report, the company's net revenue in the first quarter was 1.795.6 billion yuan (about US $283.3 million), compared with 2.152.7 billion yuan in the same period in 2021, a year-on-year decrease of 16.6%; The net loss was 86.9 million yuan (about 13.7 million US dollars), while the net loss in the same period in 2021 was 101.8 million yuan; Not in accordance with the U.S. GAAP, the adjusted net loss was 52.5 million yuan (about US $8.3 million), while the net loss in the same period in 2021 was 70.7 million yuan.

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