HK Movers｜MiniMax Rises 6%, H1 Revenue Already Exceeds Full-Year 2025 as August ARR Breaks $800M

Market Focus08-27 09:54

On August 27, MINIMAX-W rose 6.41% in regular trading. The stock surged following the release of strong interim results the previous day.

According to the mid-year earnings report, MiniMax posted total H1 revenue growth of 283.1% year-over-year to approximately US$120 million, achieving 1.5 times its full-year 2025 revenue in just six months. B-end (enterprise) revenue surged 703.1% to US$73.9 million, with its share of total revenue rising from 30.3% to 63.4%, becoming the company's largest revenue contributor. Gross profit improved 464.8% to US$20.81 million, benefiting from infrastructure and full-stack efficiency gains. Additionally, the company's August annualized recurring revenue surpassed US$800 million. Its H3 model generated over 300 publicly available derivative models and more than 24 million downloads within one month of launch, ranking among the most downloaded models globally this year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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