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OneConnect Announces Second Quarter and First Half 2024 Unaudited Financial Results

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Net Margin of Continuing Operations to Shareholders Improved to -2.4%
Net Margin of Continuing and Discontinued Operations[1] to Shareholders Improved to 35.1% 

SHENZHEN, China, Aug. 16, 2024 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the second quarter and half year ended June 30, 2024.

Second Quarter 2024 Financial Highlights

Revenue from continuing operations was RMB692 million, compared to RMB939 million for the same period of the prior year.Gross margin of continuing operations was 36.6%, compared to 37.5% for the same period of the prior year; non-IFRS gross margin of continuing operations was 38.8%, compared to 40.0% for the same period of the prior year.Net loss from continuing operations attributable to shareholders was RMB17 million, compared to RMB41 million for the same period of the prior year. Net margin of continuing operations to shareholders improved to -2.4% from -4.4% for the same period last year.Net loss from continuing operations per basic and diluted ADS was RMB-0.46, compared to RMB-1.13 during the same period last year.Net profit from continuing and discontinued operations attributable to shareholders was RMB243 million, primarily due to the gains derived from the disposal of virtual banking business, compared to net loss of RMB82 million for the same period of the prior year. Net margin of continuing and discontinued operations to shareholders improved by 43.8ppt to 35.1% compared to -8.7% during the same period last year.Earnings from continuing and discontinued operations per basic and diluted ADS was RMB6.70, compared to RMB-2.25 during the same period last year.

[1]  As previously reported, the Company completed the disposal of its virtual bank business (the “discontinued operations”) to Lufax Holding Ltd (“Lufax”) for a consideration of HK$933 million in cash on April 2, 2024. As a result of the disposal, the historical financial results of the Virtual Banking Business segment have been reflected as the “discontinued operations” in the Company’s condensed consolidated interim financial information and the historical financial results of the remaining business of the Company have been reflected as the “continuing operations” in the Company’s condensed consolidated interim financial information of the first half of 2024 and of the comparative period in 2023.

 

In RMB’000, except percentages
and per ADS amounts

Three Months Ended

Six Months Ended

June 30

YoY

June 30

YoY

2024

2023

2024

2023

Continuing operations

Revenue

Revenue from Ping An Group

401,084

580,795

-30.9 %

822,880

1,117,649

-26.4 %

Revenue from Lufax[1]

54,463

73,142

-25.5 %

112,719

144,499

-22.0 %

Revenue from third-party customers[2]

236,952

285,222

-16.9 %

480,170

570,837

-15.9 %

Total

692,499

939,159

-26.3 %

1,415,769

1,832,985

-22.8 %

Gross profit

253,379

352,385

525,782

687,042

Gross margin

36.6 %

37.5 %

37.1 %

37.5 %

Non-IFRS gross margin

38.8 %

40.0 %

39.4 %

40.1 %

Operating loss

(39,154)

(38,226)

(105,502)

(116,368)

Operating margin

-5.7 %

-4.1 %

-7.5 %

-6.3 %

Net loss from continuing operations
attributable to shareholders

(16,789)

(41,170)

(70,485)

(113,649)

Net margin of continuing operations to
shareholders

-2.4 %

-4.4 %

-5.0 %

-6.2 %

Net loss from continuing operations per
ADS[3], basic and diluted

(0.46)

(1.13)

(1.94)

(3.13)

Net profit/(loss) from continuing and
discontinued operations attributable to
shareholders

243,348

(81,592)

139,014

(190,465)

Net margin of continuing and
discontinued operations to shareholders

35.1 %

-8.7 %

9.8 %

-10.4 %

Earnings/(loss) from continuing and
discontinued operations per ADS[3],
basic and diluted

6.70

(2.25)

3.83

(5.24)

 

[1]  Reference is made to announcements made by Lufax dated July 3, 2024 and July 30, 2024, upon the completion of the allotment and issuance of new Lufax shares under the Lufax Script Dividend Scheme described therein, Lufax will become an indirect non-wholly-owned subsidiary of Ping An Group and the financial results of Lufax Group will be consolidated into the consolidated financial statements of Ping An Group.

[2]  Third-party customers refer to each customer with revenue contribution of less than 5% of the Company’s total revenue in the relevant period. These customers are a key focus of the Company’s diversification strategy.

[3]  In RMB. Each ADS represents 30 ordinary shares.

Chairman, CEO and CFO Comments

Mr. Chongfeng Shen, Chairman of the Board and Chief Executive Officer, commented, “During the first half of 2024, we achieved encouraging results in overseas markets and improved our bottom-line despite the year-over-year decrease in revenue. Throughout this time, we focused on our strategic goal of achieving mid-term profitability by upgrading and integrating products, deepening customer engagement, and expanding our presence in overseas markets. Consequently, our high-value products, protected by high barriers to entry, gained broader appeal from customers, reflected in the 14.8% year-over-year increase in revenue from third-party overseas customers in our continuing operations during the first half of the year. We completed the disposal of our non-core virtual banking business to focus on our core businesses, and continued to implement disciplined expense control measures. As a result, we recorded net profit from continuing operations and discontinued operations during the first half of the year while further cost reductions continued to narrow our loss from continuing operations.”

“Despite our recent decision to gradually phase out the FinCloud business starting in July 2024, we maintain our strategic focus and will continue to empower the digital transformation of financial institutions and enterprises through our three main businesses: digital banking, digital insurance, and the Gamma platform. Leveraging our customer insights, industry expertise, and artificial intelligence technologies, we will further optimize our products, services, and solutions, and expand our premium-plus customer base. At the same time, we will explore broader overseas markets and expand our ecosystem to drive third-party revenue growth to ensure long-term healthy development.”

Mr. Yongtao Luo, Chief Financial Officer, commented, “Since the start of this year, our focus on improving resource and capital allocation efficiency has generated solid results. We completed the sale of our virtual banking business to refocus resources on our core businesses, resulting in a one-time gain recognized from the disposal in the amount of RMB260 million. This contributed to our net profit from continuing and discontinued operations attributable to shareholders of RMB139 million during the first half of the year, compared to a net loss of RMB190 million for the prior year period. Excluding gains from the sale of virtual banking business, net loss from continuing operations attributable to shareholders also narrowed significantly, falling 59.2% year-over-year and 68.7% sequentially during the second quarter, and 38.0% year-over-year to RMB70 million during the first half of the year. This significant narrowing of our losses from the continuing operation was primarily due to our ROI-oriented approach in managing expenses. In the first half of 2024, adjusted gross margin of continuing operations remained healthy at 39.4%, with operating expenses for continuing operations falling by 21.9% year-over-year. Looking ahead, we will leverage our ample cash position to drive research and development and accelerate innovation in the digital economy as we continue to implement disciplined cost control measures. We are confident this will enable us to grow our market share both domestically and internationally, ultimately achieving sustainable profitability.”

Revenue from Continuing Operations Breakdown 

Three Months Ended

Six Months Ended

In RMB’000, except percentages

June 30

YoY

June 30

YoY

2024

2023

2024

2023

Implementation

168,627

233,089

-27.7 %

326,086

443,023

-26.4 %

Transaction-based and support revenue

 Business origination services

9,940

32,081

-69.0 %

22,775

81,127

-71.9 %

 Risk management services

61,031

72,574

-15.9 %

126,514

150,317

-15.8 %

 Operation support services

131,329

249,040

-47.3 %

265,391

471,585

-43.7 %

 Cloud services platform

289,109

322,373

-10.3 %

607,416

614,620

-1.2 %

 Post-implementation support services

14,427

13,308

8.4 %

29,348

25,649

14.4 %

 Others

18,036

16,694

8.0 %

38,239

46,664

-18.1 %

 Sub-total for transaction-based and support
revenue

523,872

 

706,070

-25.8 %

1,089,683

 

1,389,962

-21.6 %

Total Revenue from Continuing Operations

692,499

939,159

-26.3 %

1,415,769

1,832,985

-22.8 %

 

Revenue from continuing operations in the second quarter of 2024 decreased by 26.3% to RMB692 million from RMB939 million during the same period last year, primarily due to strategic adjustments made to our revenue mix as we focus on high-value products. Implementation revenue decreased by 27.7% year-over-year to RMB169 million during the second quarter of 2024, mainly due to a decline in demand for implementation of financial services systems domestically. Revenue from business origination services decreased by 69.0% year-over-year to RMB10 million during the second quarter of 2024, primarily due to a decline in transaction volumes from loan origination systems under digital credit management solutions. Revenue from risk management services decreased by 15.9% year-over-year to RMB61 million during the second quarter of 2024, mainly due to a decline in transaction volumes from banking related risk analytic solutions. Revenue from operation support services decreased by 47.3% year-over-year to RMB131 million during the second quarter of 2024, primarily due to a shift in business model for a number of auto ecosystem service providers where we transitioned from acting as a contractor to a distributor. Revenue from cloud services platform decreased by 10.3% year-over-year to RMB289 million during the second quarter of 2024, primarily due to reduced demand of cloud services.

 

Three Months Ended

Six Months Ended

In RMB’000, except percentages

June 30

YoY

June 30

YoY

2024

2023

2024

2023

Digital Banking segment

100,279

235,332

-57.4 %

261,832

494,069

-47.0 %

Digital Insurance segment

127,091

190,587

-33.3 %

258,977

367,244

-29.5 %

Gamma Platform segment

465,129

513,240

-9.4 %

894,960

971,671

-7.9 %

Total Revenue from Continuing
Operations

692,499

939,159

-26.3 %

1,415,769

1,832,985

-22.8 %

 

Revenue from Gamma Platform segment in the second quarter of 2024 decreased by 9.4% to RMB465 million from RMB513 million during the same period last year, primarily due to reduced demand of cloud services. Revenue from Digital Banking segment decreased by 57.4% to RMB100 million in the second quarter of 2024 from RMB235 million during the same period last year, mainly due to a decline in transaction volumes from business origination and risk management services, reflecting our continuing effort to phase out lower-value products. Revenue from Digital Insurance segment decreased by 33.3% to RMB127 million in the second quarter of 2024 from RMB191 million during the same period last year, primarily due a shift in business model for a number of auto ecosystem service providers where we transitioned from acting as a contractor to a distributor.

Second Quarter 2024 Financial Results

Revenue from Continuing Operations

Revenue from continuing operations in the second quarter of 2024 decreased by 26.3% to RMB692 million from RMB939 million during the same period last year, primarily due to strategic adjustments made to our revenue mix as we focus on high-value products.  

Cost of Revenue from Continuing Operations

Cost of revenue from continuing operations in the second quarter of 2024 decreased by 25.2% to RMB439 million from RMB587 million during the same period last year, in-line with the decrease in revenue.

Gross Profit from Continuing Operations

Gross profit from continuing operations in the second quarter of 2024 decreased to RMB253 million from RMB352 million during the same period last year. Gross margin of continuing operations declined slightly to 36.6%, compared to 37.5% in the prior year. Non-IFRS gross margin of continuing operations was 38.8%, compared to 40.0% in the prior year. For a reconciliation of the Company’s IFRS and non-IFRS gross margin, please refer to “Reconciliation of IFRS and Non-IFRS Results for continuing operations (Unaudited).”

Operating Loss and Expenses from Continuing Operations

Total operating expenses from continuing operations in the second quarter of 2024 decreased to RMB296 million from RMB402 million during the same period last year. As a percentage of revenue, total operating expenses from continuing operations decreased by 0.1ppt to 42.7% from 42.8% during the same period last year.

Research and Development expenses from continuing operations in the second quarter of 2024 decreased to RMB186 million from RMB252 million in the prior year, mainly due to a decrease in personnel costs and the ROI-oriented approach we are taking to manage research and development projects. As a percentage of revenue, research and development expenses from continuing operations slightly increased to 26.9% from 26.8% in the prior year.Sales and Marketing expenses from continuing operations in the second quarter of 2024 decreased to RMB44 million from RMB57 million in the prior year, mainly due to a decrease in personnel costs as we enhance sales efficiency and capabilities. As a percentage of revenue, sales and marketing expenses from continuing operations were 6.4%, compared to 6.1% in the prior year.General and Administrative expenses from continuing operations in the second quarter of 2024 decreased to RMB66 million from RMB93 million in the prior year. As a percentage of revenue, general and administrative expenses from continuing operations decreased to 9.5% from 9.9% during the same period last year, primarily due to a decrease in personnel costs.

Operating loss from continuing operations in the second quarter of 2024 increased slightly to RMB39 million from RMB38 million during the same period last year. Operating margin of continuing operations was -5.7%, compared to -4.1% in the prior year.

Net Loss from Continuing Operations Attributable to Shareholders

Net loss from continuing operations attributable to OneConnect’s shareholders in the second quarter of 2024 decreased by 59.2% to RMB17 million from RMB41 million during the same period last year. Net loss from continuing operations attributable to OneConnect’s shareholders per basic and diluted ADS decreased to RMB-0.46, compared to RMB-1.13 during the same period last year. Weighted average number of ordinary shares in the second quarter of 2024 was 1,089,589,125.

Net Profit from Continuing and Discontinued Operations Attributable to Shareholders

Net profit from continuing and discontinued operations attributable to OneConnect’s shareholders in the second quarter of 2024 was RMB243 million, compared to net loss of RMB82 million during the same period last year, which was primarily due to the gains derived from the disposal of virtual banking business. Earnings from continuing and discontinued operations attributable to OneConnect’s shareholders per basic and diluted ADS increased to RMB6.70, compared to RMB-2.25 during the same period last year. Weighted average number of ordinary shares in the second quarter of 2024 was 1,089,589,125.

Cash Flow

For the second quarter of 2024, net cash used in operating activities was RMB183 million, net cash generated from investing activities was RMB224 million of which RMB723 million was generated from the disposal of virtual banking business, and net cash used in financing activities was RMB29 million.

Conference Call Information

Date/Time

Friday, August 16, 2024 at 8:00 a.m., U.S. Eastern time

Friday, August 16, 2024 at 8:00 p.m., Hong Kong time

 

Online registration

 

https://www.netroadshow.com/events/login?show=1b2c1d6f&confId=69140

The financial results and an archived transcript will be available at OneConnect’s investor relations website at ir.ocft.com.

About OneConnect 

OneConnect Financial Technology Co., Ltd. is a technology-as-a-service provider for financial services industry. The Company integrates extensive financial services industry expertise with market-leading technology to provide technology applications and technology-enabled business services to financial institutions. The integrated solutions and platform the Company provides include digital banking solution, digital insurance solution and Gamma Platform, which is a technology infrastructural platform for financial institutions. The Company’s solutions enable its customers’ digital transformations, which help them improve efficiency, enhance service quality, and reduce costs and risks.

The Company has established long-term cooperation relationships with financial institutions to address their needs of digital transformation. The Company has also expanded its services to other participants in the value chain to support the digital transformation of financial services eco-system. In addition, the Company has successfully exported its technology solutions to overseas financial institutions.

For more information, please visit ir.ocft.com.

Safe Harbor Statement 

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s limited operating history in the technology-as-a-service for financial institutions industry; its ability to achieve or sustain profitability; the tightening of laws, regulations or standards in the financial services industry; the Company’s ability to comply with the evolving regulatory requirements in the PRC and other jurisdictions where it operates; its ability to comply with existing or future laws and regulations related to data protection or data security; its ability to maintain and enlarge the customer base or strengthen customer engagement; its ability to maintain its relationship and engagement with Ping An Group and its related parties, which are its strategic partner, most important customer and largest supplier; its ability to compete effectively to serve China’s financial institutions; the effectiveness of its technologies, its ability to maintain and improve technology infrastructure and security measures; its ability to protect its intellectual property and proprietary rights; its ability to maintain or expand relationship with its business partners and the failure of its partners to perform in accordance with expectations; its ability to protect or promote its brand and reputation; its ability to timely implement and deploy its solutions; its ability to obtain additional capital when desired; litigation and negative publicity surrounding China-based companies listed in the U.S.; disruptions in the financial markets and business and economic conditions; the Company’s ability to pursue and achieve optimal results from acquisition or expansion opportunities; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Use of Unaudited Non-IFRS Financial Measures

The unaudited consolidated financial information is prepared in accordance with IFRS Accounting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”) . Non-IFRS measures are used in gross profit and gross margin, adjusted to exclude non-cash items, which consist of amortization of intangible assets recognized in cost of revenue, depreciation of property and equipment recognized in cost of revenue, and share-based compensation expenses recognized in cost of revenue. OneConnect’s management regularly review non-IFRS gross profit and non-IFRS gross margin to assess the performance of our business. By excluding non-cash items, these financial metrics allow OneConnect’s management to evaluate the cash conversion of one dollar revenue on gross profit. OneConnect uses these non-IFRS financial measures to evaluate its ongoing operations and for internal planning and forecasting purposes. OneConnect believes that non-IFRS financial information, when taken collectively, is helpful to investors because it provides consistency and comparability with past financial performance, facilitates period-to-period comparisons of results of operations, and assists in comparisons with other companies, many of which use similar financial information. OneConnect also believes that presentation of the non-IFRS financial measures provides useful information to its investors regarding its results of operations because it allows investors greater transparency to the information used by OneConnect’s management in its financial and operational decision making so that investors can see through the eyes of the OneConnect’s management regarding important financial metrics that the management uses to run the business as well as allowing investors to better understand OneConnect’s performance. However, non-IFRS financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from similarly-titled non-IFRS measures used by other companies. In light of the foregoing limitations, you should not consider non-IFRS financial measure in isolation from or as an alternative to the financial measure prepared in accordance with IFRS. Whenever OneConnect uses a non-IFRS financial measure, a reconciliation is provided to the most closely applicable financial measure stated in accordance with IFRS. You are encouraged to review the related IFRS financial measures and the reconciliation of these non-IFRS financial measures to their most directly comparable IFRS financial measures. For more information on non-IFRS financial measures, please see the table captioned “Reconciliation of IFRS and non-IFRS results (Unaudited)” set forth at the end of this press release.

Contacts

Investor Relations: 
OCFT IR Team 
OCFT_IR@ocft.com

Media Relations: 
OCFT PR Team 
pub_jryztppxcb@pingan.com.cn

 

ONECONNECT

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

Three Months Ended

 June 30

Six Months Ended

 June 30

2024

2023

2024

2023

RMB’000

RMB’000

RMB’000

RMB’000

Continuing operations

Revenue

692,499

939,159

1,415,769

1,832,985

Cost of revenue

(439,120)

(586,774)

(889,987)

(1,145,943)

Gross profit

253,379

352,385

525,782

687,042

Research and development expenses

(186,457)

(251,893)

(399,640)

(528,039)

Selling and marketing expenses

(44,068)

(56,828)

(92,568)

(116,030)

General and administrative expenses

(65,507)

(92,904)

(146,027)

(173,117)

Net impairment losses on financial and
contract assets

(9,543)

(8,739)

(23,233)

(32,804)

Other income, gains or loss–net

13,042

19,753

30,184

46,580

Operating loss

(39,154)

(38,226)

(105,502)

(116,368)

Finance income

19,346

5,726

29,686

11,516

Finance costs

(3,710)

(5,312)

(7,988)

(11,453)

Finance income – net

15,636

414

21,698

63

Share of gain of associate and joint venture –
net

–

–

–

7,157

Impairment charges on associate

–

–

–

(7,157)

Loss before income tax

(23,518)

(37,812)

(83,804)

(116,305)

Income tax benefit/(expense)

2,435

(7,274)

2,346

(5,402)

Loss from continuing operations

(21,083)

(45,086)

(81,458)

(121,707)

Profit/(loss) from discontinued operations

260,137

(40,422)

209,499

(76,816)

Profit/(loss) for the period

239,054

(85,508)

128,041

(198,523)

Profit/(loss) attributable to:

– Owners of the Company

243,348

(81,592)

139,014

(190,465)

– Non-controlling interests

(4,294)

(3,916)

(10,973)

(8,058)

239,054

(85,508)

128,041

(198,523)

Other comprehensive income/(loss), net of
tax:

Items that may be subsequently reclassified to
profit or loss

– Foreign currency translation differences

(3,979)

(1,660)

(2,645)

(4,863)

– Exchange differences on translation of
discontinued operations

–

33,884

177

22,233

– Changes in the fair value of debt instruments
measured at fair value through other
comprehensive income of discontinued
operations

–

4,781

6,056

1,057

– Disposal of subsidiaries

18,237

–

18,237

–

Item that will not be reclassified subsequently
to profit or loss

– Foreign currency translation differences

11,866

74,846

13,808

44,191

Other comprehensive income for the period,
net of tax

26,124

11,851

35,633

62,618

Total comprehensive income/(loss) for the
period

 

265,178

 

26,343

 

163,674

 

(135,905)

Total comprehensive income/(loss)
attributable to:

– Owners of the Company

269,472

30,259

174,647

(127,847)

– Non-controlling interests

(4,294)

(3,916)

(10,973)

(8,058)

265,178

26,343

163,674

(135,905)

Total comprehensive income/(loss)
attributable to owners of the Company
arises from:

– Continuing operations

9,335

32,016

(41,085)

(74,321)

– Discontinued operations

260,137

(1,757)

215,732

(53,526)

269,472

30,259

174,647

(127,847)

Loss from continuing operations per share
attributable to the owners of the Company

(expressed in RMB per share)

– Basic and diluted

(0.02)

(0.04)

(0.06)

(0.10)

Loss from continuing operations per ADS
attributable to the owners of the Company

(expressed in RMB per share)

– Basic and diluted

(0.46)

(1.13)

(1.94)

(3.13)

Earnings/(loss) per share attributable to the
owners of the Company

(expressed in RMB per share)

– Basic and diluted

0.23

(0.07)

0.13

(0.17)

Earnings/(loss) per ADS attributable to the
owners of the Company

(expressed in RMB per share)

– Basic and diluted

6.70

(2.25)

3.83

(5.24)

 

 

 

ONECONNECT

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

June 30

December 31

2024

2023

RMB’000

RMB’000

ASSETS

Non–current assets

Property and equipment

65,832

85,076

Intangible assets

340,483

471,371

Deferred tax assets

768,398

768,276

Financial assets measured at fair value through
other comprehensive income

 

3,204

 

1,372,685

Restricted cash and time deposits over three
months

200

5,319

Prepayments and other receivables

6,962

6,663

Total non-current assets

1,185,079

2,709,390

Current assets

Trade receivables

930,258

710,669

Contract assets

79,941

95,825

Prepayments and other receivables

898,296

905,691

Financial assets measured at amortized cost from
virtual bank

–

3,081

Financial assets measured at fair value through
other comprehensive income

–

853,453

Financial assets measured at fair value through
profit or loss

640,431

925,204

Derivative financial assets

52,750

38,008

Restricted cash and time deposits over three
months

469,405

447,564

Cash and cash equivalents

1,438,886

1,379,473

Total current assets

4,509,967

5,358,968

Total assets

5,695,046

8,068,358

EQUITY AND LIABILITIES

EQUITY

Share capital

78

78

Shares held for share option scheme

(149,544)

(149,544)

Other reserves

11,027,689

10,989,851

Accumulated losses

(7,734,600)

(7,873,614)

Equity attributable to equity owners of the
Company

3,143,623

2,966,771

Non-controlling interests

(29,952)

(18,979)

Total equity

3,113,671

2,947,792

LIABILITIES

Non–current liabilities

Trade and other payables

14,379

28,283

Contract liabilities

12,901

17,126

Deferred tax liabilities

520

2,079

Total non–current liabilities

27,800

47,488

Current liabilities

Trade and other payables

2,008,719

1,981,288

Payroll and welfare payables

267,881

385,908

Contract liabilities

134,192

138,563

Short-term borrowings

142,783

251,732

Customer deposits

–

2,261,214

Other financial liabilities from virtual bank

–

54,373

Total current liabilities

2,553,575

5,073,078

Total liabilities

2,581,375

5,120,566

Total equity and liabilities

5,695,046

8,068,358

 

 

 

ONECONNECT

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months Ended
June 30

Six Months Ended

 June 30

2024

2023

2024

2023

RMB’000

RMB’000

RMB’000

RMB’000

Net cash used in operating
activities

 

(182,757)

 

(19,650)

 

(297,993)

 

(632,914)

Net cash generated from/(used in)
investing activities

 

224,450

 

(108,947)

 

480,298

 

298,119

Net cash used in financing
activities

(28,821)

(44,480)

(129,792)

(88,901)

Net increase/(decrease) in cash and
cash equivalents

 

12,872

 

(173,077)

 

52,513

 

(423,696)

    Cash and cash equivalents at the
beginning of the period

1,420,891

1,420,891

1,379,473

1,907,776

    Effects of exchange rate changes
on cash and cash equivalents

5,123

46,159

6,900

35,433

Cash and cash equivalents at the
end of period

1,438,886

1,519,513

1,438,886

1,519,513

 

  

 

ONECONNECT

RECONCILIATION OF IFRS AND NON-IFRS RESULTS 

FOR CONTINUING OPERATIONS

(Unaudited)

Three Months Ended
June 30

Six Months Ended
June 30

2024

2023

2024

2023

RMB’000

RMB’000

RMB’000

RMB’000

Gross profit from continuing operations

253,379

352,385

525,782

687,042

Gross margin of continuing operations

36.6 %

37.5 %

37.1 %

37.5 %

Non-IFRS adjustment

Amortization of intangible assets recognized in cost
of revenue

 

13,686

 

21,374

 

29,228

 

43,583

Depreciation of property and equipment recognized
in cost of revenue

 

1,056

 

1,469

 

2,208

 

2,823

Share-based compensation expenses recognized in
cost of revenue

 

334

 

894

 

562

 

1,330

Non-IFRS gross profit from continuing operations

268,455

376,122

557,780

734,778

Non-IFRS gross margin of continuing operations

38.8 %

40.0 %

39.4 %

40.1 %

 

View original content:https://www.prnewswire.com/news-releases/oneconnect-announces-second-quarter-and-first-half-2024-unaudited-financial-results-302224276.html

SOURCE OneConnect Financial Technology Co., Ltd.

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POMDOCTOR LIMITED Advances Strategic Evolution from Traffic Monetization to Value-Based Healthcare Payment

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Building a Four-Tier Revenue Structure Across B2C Services, AI-Enabled Chronic Disease Management, B2B Healthcare Services, and Pharmaceutical RWS/RWD

GUANGZHOU, China, Nov. 4, 2026 /PRNewswire/ — POMDOCTOR LIMITED (“Pomdoctor” or the “Company”) (NASDAQ: POM), a digital healthcare company focused on advancing AI-enabled healthcare solutions, today provided an overview of its strategic evolution and business model transformation amid the rapid development of China’s digital healthcare industry. Since its establishment in 2010, Pomdoctor has progressively evolved from the industry’s early “traffic monetization” model toward a more diversified and value-oriented healthcare ecosystem, culminating in its current four-tier revenue structure spanning B2C healthcare services, AI-enabled chronic disease management, B2B enterprise and hospital services, and pharmaceutical real-world study (“RWS”) and real-world data (“RWD”) services.

From Traffic Monetization to Diversified Healthcare Services

Pomdoctor was established in 2010, when China’s digital healthcare industry was entering an early stage of transformation. At the time, the prevailing business model centered on “traffic monetization,” with online consultations and pharmaceutical e-commerce generating revenue primarily through user acquisition, engagement, and pharmaceutical sales. As major participants from the e-commerce and pharmaceutical sectors entered the market, competition intensified, placing increasing pressure on the sustainability and differentiation of this model.

Recognizing the structural limitations of relying primarily on user traffic and pharmaceutical transactions, including patients’ limited willingness to pay directly for healthcare services, constrained health insurance coverage, and limitations in advertising-based monetization, Pomdoctor began developing a more diversified business model. The Company expanded beyond a purely service-oriented model and introduced subscription-based offerings supported by more refined operations and specialized healthcare services, establishing an early foundation for recurring and diversified revenue generation.

Expansion into B2B and Hospital Services

As the digital healthcare industry continued to evolve, Pomdoctor further expanded into B2B services, leveraging its healthcare expertise and digital capabilities to provide digital marketing solutions for pharmaceutical companies. Over time, this business evolved from pharmaceutical-focused digital services toward deeper engagement with healthcare institutions, including public hospitals.

This transition enabled Pomdoctor to broaden its role within the healthcare ecosystem, from serving individual users to connecting patients, healthcare providers, pharmaceutical companies, and other enterprise stakeholders. The Company believes this accumulated experience and institutional connectivity have provided an important foundation for its subsequent expansion into higher-value healthcare services.

Leveraging AI and Data to Unlock New Value

With the emergence of artificial intelligence (“AI”) as a transformative force across the healthcare industry, Pomdoctor has continued to build on its existing capabilities by developing and piloting AI-enabled healthcare programs with the objective of converting clinical applications into scalable, revenue-generating services. At the same time, the Company’s accumulated healthcare data assets have created opportunities for higher-value applications in chronic disease management, pharmaceutical research, and other data-driven healthcare services.

By integrating AI technologies, wearable devices, and its existing digital healthcare infrastructure, Pomdoctor is developing a more integrated ecosystem designed to connect patient services, chronic disease management, healthcare institutions, pharmaceutical companies, and data-driven applications. The Company believes this integrated approach can progressively transform data assets from primarily operational resources into sources of incremental commercial value. The Company’s AI-enabled chronic disease subscriptions and pharmaceutical RWS/RWD services are at an early stage of commercialization.

Building a Four-Tier Revenue Structure

Pomdoctor’s current business model is structured around four interconnected revenue tiers:

B2C Basic Healthcare Services — providing an entry point for patients and users through core digital healthcare services;AI-Enabled Chronic Disease Membership Subscriptions — extending user relationships through personalized, technology-enabled chronic disease management and recurring subscription services;B2B Enterprise and Hospital Services — leveraging the Company’s healthcare capabilities and institutional relationships to provide digital solutions and services to enterprises and healthcare institutions; andPharmaceutical RWS/RWD Services — leveraging accumulated healthcare data, clinical experience, and AI capabilities to support pharmaceutical companies in real-world studies (“RWS”) and real-world data (“RWD”) applications.

Together, these four tiers are designed to create a progressive value chain rather than operate as independent revenue streams. B2C services provide the foundation for patient engagement and healthcare data accumulation; AI-enabled chronic disease subscriptions deepen patient relationships and enhance recurring revenue; B2B enterprise and hospital services broaden the Company’s institutional reach and commercial applications; and the resulting data and healthcare infrastructure create a foundation for higher-value pharmaceutical RWS/RWD services.

Pomdoctor believes this interconnected model is designed for longer-term growth opportunities, while creating a potential flywheel effect in which expanding users, healthcare services, institutional relationships, AI applications, and data assets reinforce one another and support the Company’s ongoing transition toward more value-based healthcare monetization.

Management Commentary

Mr. Zhenyang Shi, Chairman and Chief Executive Officer of Pomdoctor, commented: “Since our inception, we have continuously sought distinctive and sustainable ways to create value as the healthcare industry evolves through successive waves of business model and technological change. From our early focus on digital healthcare services, to the development of subscription-based offerings and B2B healthcare services, and now to AI-enabled chronic disease management and data-driven pharmaceutical services, we have consistently endeavored to invest ahead of emerging industry trends while building upon our existing capabilities.

“Today, Pomdoctor is focused on further strengthening our four-tier revenue structure and integrating these businesses into a more comprehensive healthcare ecosystem. We believe the combination of healthcare services, AI, institutional capabilities, and data assets provides a scalable foundation for our next stage of growth. With our experience and capabilities in China, we are also exploring opportunities to replicate and adapt this model in key international markets. We remain committed to continuously improving our business model, expanding our ecosystem, and translating our operational capabilities and innovation into sustainable long-term value for our shareholders.”

About POMDOCTOR LIMITED

POMDOCTOR LIMITED (NASDAQ: POM) is a digital healthcare company focused on advancing AI-enabled healthcare solutions and expanding predictive healthcare capabilities. The Company leverages physician resources, wearable technologies, artificial intelligence, healthcare payment networks and real-world healthcare data to support more personalized, continuous and data-driven healthcare services. Building upon its established healthcare platform and physician network, POM is pursuing the development of a predictive healthcare data and services infrastructure designed to improve healthcare outcomes and create long-term value for patients, healthcare providers and other ecosystem participants. For more information, please visit the Company’s website: http://ir.7shiliu.com.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding: the Company’s strategic evolution from a traffic monetization model toward value-based healthcare payment and monetization; the Company’s plans to further strengthen its four-tier revenue structure spanning B2C basic healthcare services, AI-enabled chronic disease membership subscriptions, B2B enterprise and hospital services, and pharmaceutical RWS/RWD services, and to integrate these businesses into a more comprehensive healthcare ecosystem; the Company’s development and piloting of AI-enabled healthcare programs and its ability to convert clinical applications into scalable, revenue-generating services; the Company’s plans to integrate AI technologies, wearable devices and its existing digital healthcare infrastructure, and its belief that such integration can progressively transform data assets into sources of incremental commercial value; the Company’s expectations regarding growth in recurring subscription revenue, the expansion of its institutional reach and relationships with healthcare institutions, including public hospitals, and pharmaceutical companies, and the development of higher-value pharmaceutical RWS/RWD services; the Company’s belief that its interconnected business model is designed to balance near-term revenue generation and cash flow with longer-term growth opportunities and to create a potential flywheel effect; the Company’s exploration of opportunities to replicate and adapt its business model in key international markets; and the anticipated benefits of the Company’s strategy for patients, healthcare providers, pharmaceutical companies, shareholders and other ecosystem participants, including sustainable long-term value creation. Investors can identify many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “aims,” “estimates,” “projects,” “intends,” “plans,” “pursues,” “positions,” “will,” “would,” “should,” “could,” “may” or other similar expressions. These forward-looking statements are based on the Company’s current expectations, assumptions and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements speak only as of the date of this announcement, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, except as may be required by law.

Actual results may differ materially from those expressed or implied in these forward-looking statements due to a number of factors and uncertainties. Investors are urged to review the section entitled “Item 3. Key Information—D. Risk Factors” in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2026, and the Company’s other filings with the SEC, which are available on the SEC’s website at www.sec.gov.

For more information, please contact:

POMDOCTOR LIMITED
Investor Relations Department
Email: ir@7lk.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

View original content:https://www.prnewswire.com/news-releases/pomdoctor-limited-advances-strategic-evolution-from-traffic-monetization-to-value-based-healthcare-payment-302927633.html

SOURCE POMDOCTOR LIMITED

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Prava Expands Its Innovative Senior Living Therapy Model with OneStep Movement Intelligence

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Partnership combines on-site therapy with advanced movement intelligence to help senior living operators identify mobility risks earlier, improve resident outcomes, and gain greater visibility into resident health.

NEW YORK, Nov. 4, 2026 /PRNewswire/ — Prava, a provider of physical, occupational, and speech therapy services powered by its proprietary AI platform, today announced a partnership with OneStep that puts mobility at the center of resident care. By adding OneStep’s AI-powered movement intelligence to the care it delivers, Prava is giving care teams and operators an ongoing, objective view of how each resident moves, and showing what therapy can contribute to a community beyond the treatment session.

The partnership builds on Prava’s proactive clinical model, adding objective movement intelligence to help teams identify changes earlier, guide individualized care, and measure progress over time.

Making Movement a Vital Sign in Senior Living

How a resident walks holds clues about their health. OneStep translates those patterns into actionable data, enabling therapists to assess resident mobility in seconds and monitor progress beyond traditional therapy visits.

Using the OneStep CARE clinician application, Prava therapists can capture objective gait measurements during on-site visits, identify changes in mobility, and use those insights to guide clinical decisions. The technology also supports remote monitoring capabilities, helping extend clinical visibility between scheduled appointments.

The partnership establishes a foundation for integrating movement intelligence more broadly into Prava’s proprietary AI platform, with the goal of giving clinicians and senior living operators a more comprehensive picture of resident mobility and therapy outcomes.

“Senior living operators are increasingly expected to deliver better resident outcomes while managing growing clinical complexity,” said Tim Eby, CEO and Co-Founder of Prava. “We believe therapy should play a much bigger role in helping communities address those challenges. By combining Prava’s clinical teams, proprietary AI platform, and OneStep’s movement intelligence, we’re bringing a more proactive approach to fall prevention and mobility care into senior living, and making the value of therapy more measurable for residents and operators alike.”

A More Proactive Approach to Fall Prevention

What if care teams could see elevated fall risk up to two weeks before a fall happens? With OneStep, Prava therapists can. Falls remain one of the most significant challenges facing senior living communities, affecting resident safety, independence, and quality of life. Yet subtle changes in mobility that may signal increased fall risk can be difficult to identify through traditional assessments alone.

OneStep’s FDA-listed technology analyzes more than 30 gait parameters using only a smartphone, with no wearables or specialized equipment required. Drawing on more than 35 billion steps analyzed, its technology can identify meaningful mobility trends, including the ability to predict the elevated risk of falls up to two weeks before they happen.

By integrating these capabilities into Prava’s therapy programs, clinicians can establish objective mobility baselines, monitor changes over time, and use those insights to personalize treatment and coordinate with community care teams.

Greater Visibility and Value for Senior Living Operators

Unlike traditional therapy providers that rely on disconnected third-party systems, Prava has built and owns its entire AI-powered technology platform, integrating clinical documentation, scheduling, billing, analytics, and operational workflows.

This proprietary infrastructure enables Prava to incorporate innovations like OneStep’s movement intelligence directly into clinical care, creating a more connected therapy experience for residents and greater visibility for senior living operators.

“Therapy doesn’t stop when a patient leaves the clinic, and the data shouldn’t either,” said Tomer Shussman, CEO of OneStep. “A therapist should be able to build a digital practice with powerful clinical insights at their fingertips. Together with Prava, we’re making that possible, turning a resident’s everyday movement into insight that helps therapists guide care from anywhere.”

About Prava

Prava is a provider of physical, occupational, and speech therapy services powered by a proprietary, end-to-end AI platform. By combining exceptional clinical care with purpose-built technology, Prava is redefining how therapy is delivered, managed, and measured across senior living communities and beyond.

About OneStep

OneStep is an AI-powered movement intelligence platform that turns everyday movement into clinically meaningful insight. Using only smartphone sensors, its FDA-listed technology delivers gait and motion analysis in seconds, with no wearables required, helping providers assess, treat, and monitor patients from anywhere.

OneStep serves senior living communities, health systems, rehabilitation providers, and medical device manufacturers, giving care teams the data to improve mobility, reduce falls, and support Remote Therapeutic Monitoring.

View original content to download multimedia:https://www.prnewswire.com/news-releases/prava-expands-its-innovative-senior-living-therapy-model-with-onestep-movement-intelligence-302928744.html

SOURCE OneStep

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DAVE & BUSTER’S SURRENDERS TO DOOM. INTRODUCING DOOM & BUSTER’S.

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Dave & Buster’s yields to the awesome might of Doctor Doom, surrendering its own name for a nationwide takeover built around Marvel Studios’ Avengers: Doomsday, with Doomsday Zones, Marvel games, exclusive Marvel merchandise, Collectible Power Cards, a villain-worthy drink menu and DOOMHOUR, a surprise hour of double tickets.

DALLAS, Nov. 4, 2026 /PRNewswire/ — Dave & Buster’s is gone. In its place: Doom & Buster’s.

As the world counts down to Marvel Studios’ Avengers: Doomsday, in theaters December 18, the ultimate destination for games, food and drinks has submitted. For a limited-time it surrenders its name, its stores, and its games to Doctor Doom, turning locations nationwide into the one place fans can step inside the world of Doomsday before it ever reaches the big screen. ALL SHALL PLAY.

The submission begins this week. New Marvel-themed games and in-store experiences roll out today, building to the full Doom & Buster’s takeover on November 16: immersive Doomsday Zones, Collectible Power Cards, exclusive Marvel merchandise, themed prizes, a lineup of cocktails and mocktails, and DOOMHOUR, a surprise hour in which D&B Rewards members earn double tickets on green-swipe games. Resistance is pointless. PLAY IS MANDATORY.

“When one of the biggest movies of the year is coming, you don’t put up a poster. You bend the knee,” said Jeremy Tucker, Chief Marketing Officer at Dave & Buster’s. “We gave Doom our name. We gave him the floor. We gave him the bar. Doom & Buster’s is a world fans can only walk into with us, and it’s built for the thing we do better than anyone: bringing people together to play, compete and be part of the action. All shall play. We’re just making it official.”

“We’re always looking for brands who are willing to think bigger, and Dave & Buster’s did exactly that. Rather than creating a traditional promotion, they transformed their entire business into an immersive celebration of Marvel Studios’ Avengers: Doomsday, in theaters December 18. The result is a bold, fan-first experience that extends the story beyond the theater and into the real world in a way only Dave & Buster’s could,” said Lylle Breier, EVP, Partnerships, Promotions and Events, The Walt Disney Studios.

Doom & Buster’s runs November 16, 2026 through January 31, 2027 at Dave & Buster’s locations nationwide. Games, attractions, and prizes vary by location.

ALL SHALL PLAY. Enter the Doomsday Zone.

The heart of the takeover is the Doomsday Zone, opening November 16 in stores nationwide. Themed entry arches mark the point of Doomsday domination. Beyond them, Marvel games, signage and game screens pull guests into the Doomsday Zone, where they can team up, race friends and hunt down themed prizes before and during the film’s run. Doom does not ask. Doom decrees.

The first decrees take effect today, giving guests a head start on the action:

MARVEL Cosmic Invasion: A fast-paced, 4-player, action beat’em up game. Choose two Super Heroes from across the Marvel Universe, switch between their abilities mid-fight, and hold the line against waves of enemies.Avengers: Roller Race & Battle: A 4-player head-to-head race with a villain to take down on the way. Fastest to the finish helps save the day.Human Crane: You are the claw. Strap in, lift off and get lowered into a sea of prizes, including brand-new inflatables.Mystery Crane: The classic claw with a twist. Every mystery pillow box hides a surprise.Thor’s Hammer Strike: Channel the god of thunder. One swing could top the leaderboard and score legendary ticket wins.The Arena: New games and a full immersive takeover bring a whole new world of play to life.Smash N Win: Take your shot and collect all 20 collectible character-themed balls before they’re gone.Avengers Themed Photo Booth: Snap a photo solo or with friends and family, then take home your photo as a keepsake from your visit.

The takeover also brings a themed Avengers Funko pusher stocked with Avengers-only Funko prizes and limited-time Avengers-inspired cotton candy flavors. Additional games and attractions vary by location.

Take the multiverse home. Collectible Power Cards featuring Thor, Doctor Doom, Yelena and more are available at kiosks for a limited time while supplies last, alongside brand-new themed prizes.

“With the scale and variety of experiences as part of Doom & Buster’s, fans can have a completely different experience more than once — with different challenges and games to tackle, more surprises to uncover, and memories to make with friends and family,” said Holly Frank, VP, Partnerships & Promotions.

When DOOMHOUR strikes, the tickets double.

Doctor Doom rewards the loyal and chooses the hour. Beginning November 16, at randomly selected times throughout the campaign, DOOMHOUR strikes: one surprise hour in which D&B Rewards members earn double tickets on green-swipe games at locations nationwide. The crowd finds out when it hits. The loyal find out first.

D&B Rewards members receive advance warning straight from Doctor Doom: a push notification in the D&B Rewards app 24 hours ahead reveals the date of the next DOOMHOUR, and a second notification on the day reveals the hour itself. When it begins, in-store screens and D&B Live radio sound the alarm for everyone else. Loyalty has its privileges. Join D&B Rewards by downloading the app on the Apple App Store and Google Play.

RAISE A GLASS TO THE NEW REGIME

Doctor Doom’s rule extends to the bar, with a limited-time lineup of three cocktails made with Smirnoff, the World’s No. 1 Vodka, and two alcohol-free mocktails, available November 16, 2026 through January 31, 2027.

Cocktails:

Doomsday’s Dominion: Doomsday has taken over. Submit to a powerful mix of Smirnoff No. 21 Vodka, melon liqueur, pineapple and lemon-lime soda, served with a Black Magic sidecar to pour and relinquish to chaos.Multiversal Mule: Enter the multiverse with Smirnoff No. 21 Vodka, blue orange liqueur, dragon fruit and ginger beer, finished with edible luster dust and an LED glow cube. One universe was never enough.Fantastic Flight: Four cocktails. Four powers. One fantastic flight. Smirnoff No. 21 Vodka, orange liqueur and premium citrus sour become four mini cocktails, each with its own super-powered flavor.

Mocktails:

Panther’s Potion: Unleash the power within with a bold mix of cherry, ginger beer and premium citrus sour, served with a blue vibranium shimmer sidecar and a silver sugar rim.Captain Punch: A tropical punch of blue raspberry, coconut, pineapple, lemon-lime soda and premium citrus sour, finished with a blue sugar rim, cherries and a blue sour strip only fit for a captain.

Guests must be 21 or older to consume alcohol. ALL SHALL DRINK RESPONSIBLY.

Doom’s decree follows you home

Unrelenting loyalty continues in the D&B Rewards app with new Rewards Challenges throughout the campaign. Power is good. Exclusive badges and bonus chips are better. Download the app and join loyalty to start earning more. 

Marvel Studios’ Avengers: Doomsday opens in theaters December 18. Doom & Buster’s is available through January 31, 2027. Games, attractions and prizes vary by location. For more on the Doom & Buster’s takeover, including Doomsday Zones, DOOMHOUR and the limited-time menu, visit doomandbusters.com.

About Dave & Buster’s

Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc. is the owner and operator of 253 stores in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. The Company has 187 Dave & Buster’s branded stores in 43 states, Puerto Rico, and Canada, and offers guests the opportunity to “Eat, Drink, Play, and Watch” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 66 Main Event branded stores in 24 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. Internationally, the Company is in early-stage growth as a franchisor of its brands with six Dave & Buster’s franchise stores currently open. For more information about each brand, visit daveandbusters.com and mainevent.com.

About Marvel Studios’ “Avengers: Doomsday”: 

In Marvel Studios’ “Avengers: Doomsday,” beloved heroes from three distinct universes will be set on a deadly collision course and face an existential threat unlike anything they’ve ever encountered. The film is directed by Anthony and Joe Russo; produced by Kevin Feige, Louis D’Esposito and Jonathan Schwartz; and stars Robert Downey Jr., Chris Evans, Chris Hemsworth, Pedro Pascal, Paul Rudd, Anthony Mackie, Florence Pugh, Vanessa Kirby, Ebon Moss-Bachrach, Wyatt Russell, Channing Tatum, Simu Liu, Ian McKellen, Hayley Atwell, Tom Hiddleston, James Marsden, Patrick Stewart, Joseph Quinn, Sebastian Stan, David Harbour, Letitia Wright, Lewis Pullman, Kelsey Grammer, Kathryn Newton, Danny Ramirez, Winston Duke, Alan Cumming, Hannah John-Kamen, Rebecca Romijn, Alex Livinalli, Mabel Cadena, with Tenoch Huerta Mejia. “Avengers: Doomsday” releases in theaters December 18, 2026.

Media Contact: Alison Brod Marketing + Communications dandb@abmc-us.com

DOOMHOUR: Earn double tickets on all green swipe games during designated DOOMHOUR 60 minute promotional windows. Must be a D&B Rewards member to participate. Game selection varies by location. Offer is not valid in Canada locations. A Power Card® linked to a D&B Rewards account is required to participate, and guests must use linked Power Card® to redeem offer. Power Card activation fee may apply. Offer cannot be combined with other promotions. Additional restrictions may apply. Offer is subject to change or cancellation at any time. Void where prohibited. See store for details.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/dave–busters-surrenders-to-doom-introducing-doom–busters-302928815.html

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