MiniMax Revenue Surges 283% but Remains Behind Pace to Meet Forecast Amid Crowded AI Race
Enterprise services drove 63.4% of MiniMax revenue as gross profit rose more than five-fold, even as adjusted net loss widened, the company said.
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MiniMax boosted its revenue and reduced its losses, while the Chinese artificial intelligence company worked to reduce the capacity gap in relation to the main AI model developers. Exclusive material for subscribers. To have full access, access the material link and register.
ChainCatcher reports that MiniMax Group Inc. (stock code: 0100), a Hong Kong-listed company, announced its unaudited interim results for the six months ended June 30, 2026. During the reporting period, the Group's total revenue was US$116.6 million, an increase of 283.1% year-on-year; gross profit was US$20.813 million, an increase of 464.8% year-on-year; the loss for the period was US$358 million, narrowing by 11.0% year-on-year; and the adjust…
MiniMax's shares were fired up to 650% since his stocking in Hong Kong in January and recedes from his peak in March
MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race
Chinese artificial intelligence firm MiniMax on Wednesday posted a 283 per cent surge in first-half revenue to US$116.6 million, powered by a 700 per cent jump in its enterprise business, though top-line growth remains off pace to hit full-year analyst forecasts. Revenue for the six months ended…
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