On May 27, DAMAI ENT released its financial results for the 2026 fiscal year. Benefiting from the robust development of China's live entertainment sector and its diversified business layout under the "Real Entertainment" strategy, DAMAI ENT reported revenue of 80.24 billion yuan for the period ending March 31, 2026, representing a year-over-year increase of 20%. Net profit attributable to the parent company was approximately 705 million yuan, a significant surge of 94%. Adjusted EBITA remained profitable for the sixth consecutive year.
Leveraging its DAMAI platform's user base of 300 million, coverage across over 40 categories, and sustained investment in content and technology, DAMAI ENT has achieved notable results in several high-growth sectors since formally launching its "Real Entertainment" diversification strategy, including live performances and IP derivatives.
The financial report shows that during the reporting period, revenue from DAMAI ENT's performance content and technology business reached 22.76 billion yuan, up 11% year-over-year. Revenue from the IP derivatives business amounted to 21.70 billion yuan, marking a substantial 60% increase.
Looking ahead, DAMAI ENT will continue to advance its strategy of building a diversified entertainment ecosystem platform. This includes ongoing international expansion, starting from Hong Kong and Macau and extending business to Asian and global markets; deepening IP operational capabilities to further scale the IP derivatives business; extending upstream in the content industry chain; and reinforcing the user mindset of "Buy Tickets on DAMAI" among consumers.
**DAMAI Performance Services Exceed 400,000 Events, Outpacing Industry Growth** Capitalizing on the sustained prosperity of China's live entertainment market, the Gross Merchandise Value (GMV) of ticket sales on the DAMAI platform has seen steady growth for three consecutive years, maintaining an industry-leading position. The platform provided ticketing services for over 400,000 performance events, achieving double-digit growth year-over-year, which exceeded the overall industry growth rate.
In May 2025, the DAMAI App underwent a comprehensive upgrade, formally establishing an AI-driven consumer service system characterized by speed, comprehensiveness, accuracy, and proximity. To date, the DAMAI platform has amassed 300 million users, covering more than 40 segmented categories including movies, concerts, music festivals, stage plays, talk shows, exhibitions, sports events, and cultural tourism experiences. This successfully marks the platform's strategic transition from a performance ticketing service to a full-category "Real Entertainment" platform.
Beyond comprehensive online experience upgrades, DAMAI Performance has also deepened its capabilities in on-site event services. It provides organizers with end-to-end solutions encompassing ticket verification, crowd management, and emergency response planning. This not only ensures the safe and efficient operation of events but also delivers a smoother and safer viewing experience for audiences. During the reporting period, DAMAI Performance provided professional on-site services for approximately 5,800 large-scale events, representing a year-over-year increase of about 50% in the number of events served.
In terms of content investment and production, DAMAI Performance has entered multiple content sectors, including large-scale concerts, music festivals, theater, talk shows, sports, and exhibitions. During the reporting period, it successfully organized and hosted several major concerts and festivals, such as the Jackson Yee 2025 Concert and the 2025 Aranya Xiami Music Festival. The company also actively participated in the production and operation of diverse content like talk shows and immersive performances.
The financial report indicates that DAMAI Performance will accelerate its extension upstream into the content end of the industry chain. It aims to create an innovative model linking variety shows with performances, incubate its own project IPs, and ensure a continuous supply of content.
Concurrently, DAMAI ENT's international expansion is accelerating. In November 2025, DAMAI ENT officially launched a new business brand, "MAISEAT," offering global users one-stop ticketing and viewing services for popular domestic and international performances such as concerts, music festivals, sports events, and theater. It also provides comprehensive performance service guarantees for domestic and international performance troupes with overseas tour needs. This move signifies a crucial step for DAMAI ENT in building a global "Real Entertainment" ecosystem.
**IP Derivatives Business Maintains Momentum with 60% Revenue Growth** During the reporting period, the IP derivatives business, centered around Aliyu, continued its strong growth trajectory. Revenue from this segment reached 21.70 billion yuan, a 60% increase year-over-year.
In the sub-licensing business, Aliyu has established partnerships with hundreds of high-quality domestic and international IPs and thousands of brand and channel merchants. For upstream copyright holders, Aliyu implements localized operation strategies for imported overseas IPs, expanding their commercial value in the Chinese market and extending their lifecycle. Aliyu has secured licensing agreements with several globally renowned top-tier IPs, including Sanrio characters, Chiikawa, Pokémon, Universal Pictures, and Crayon Shin-chan, helping these IPs rapidly achieve maximum revenue potential in China.
For downstream brand partners, Aliyu has collaborated on licensing projects with brands such as Beast, L'Oréal Paris, Chow Tai Fook, MINISO, POP MART, Kayou, and Yadea, providing them with comprehensive IP licensing cooperation solutions.
Furthermore, during the reporting period, Aliyu gradually ventured into IP brand retail operations. In collaboration with upstream copyright holders, it opened several Chiikawa city flagship stores and pop-up stores. In September 2025, Chiikawa's first official offline flagship store in mainland China opened in Shanghai, immediately sparking a consumer frenzy. In April 2026, the second mainland China flagship store opened in Hangzhou, demonstrating strong sales performance.
**Prudent Investment in High-Quality Films and Series Continues to Yield Acclaimed Works** In the film content and technology business segment, DAMAI ENT has shifted towards a more cautious and prudent approach to film content investment, focusing on projects with smaller budgets, lower risk, and high-quality content.
During the reporting period, DAMAI ENT's Yunzhi maintained its position as the leader in China for the number of cinemas issuing tickets and ticket issuances. The films *Catching Shadows* and *Silent Awakening*, which DAMAI ENT produced and led in promotion, became representative works of this content strategy shift. They secured the third-place box office position during the summer season and the second-place position during the Spring Festival season, respectively, with investment returns exceeding expectations.
In the series production segment, DAMAI ENT increased investment in top-tier, high-quality content through the operation of its drama studios, consistently producing acclaimed works. Several highly praised series, including *In the Name of Law*, *Blazing Youth*, and *Tang Palace Mysteries: Whispers in the Mist*, received widespread recognition from audiences and the market. Multiple other series, such as *Retrial*, *The Golden Hairpin Marriage*, and *Doctor's Honor*, have completed filming and are awaiting broadcast.
Revenue from series production during the reporting period was approximately 14.01 billion yuan, more than doubling year-over-year. The drama studios currently have over 20 key projects in the pipeline.
Moving forward, DAMAI ENT will continue to adhere to its strategy of producing premium content. Recently, the film *Love Letter to Grandma*, in which DAMAI ENT participated as a producer and led promotion, sparked widespread public discussion. Its Douban rating continuously rose to 9.2, and its total box office forecast has been revised upwards to 1.8 billion yuan, fully demonstrating the power of sincere, high-quality content to transcend audience segments.
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