Reported 9 months ago
Ucloud's shareholders approved the 2023 financial report and distribution of earnings on June 26, 2024. The company reported a decrease in revenue and net profit in 2023 due to fewer game releases compared to the previous year. However, with several new games set to launch in Taiwan and mainland China in the second half of 2024, Ucloud anticipates a gradual improvement in operational momentum. The company plans to invest over 400 million NT dollars in game development for the year, focusing on cross-platform, AI games, and esports trends.
Source: YAHOO