AMTD Digital (HKD) stock underwent a huge rally on Friday after the digital platform developer announced its earnings results for the first six months of its Fiscal 2025. The big news in this report is the company’s revenue of $73.2 million. That’s a massive 1,085.9% increase from the $6.2 million reported in the first half of Fiscal 2024.
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AMTD Digital attributed its large revenue gain to a few factors, including $10 million in fashion, arts, and luxury media advertising and marketing services income, compared to $4.4 million in the same period of the year prior. The company also noted that hotel operations, hospitality, and VIP services income increased 172.4% year-over-year to $13.6 million, as well as net fair value changes on financial assets at fair value through profit or loss that represented a $47.9 million gain.
Looking ahead, AMTD Digital Chief Financial Officer Xavier Zee said, “Our team’s dedication and innovative approach have driven exceptional results, reaffirming our commitment to excellence and growth in these vibrant industries. We look forward to expanding our footprints in different parts of the world, developing IP related businesses and reaching new heights together.”
AMTD Digital Stock Movement Today
AMTD Digital stock was up 47.43% on Friday but was still down 15.2% year-to-date. The stock has also fallen 45.48% over the past 12 months.
Today’s earnings news brought with it heavy trading of HKD stock, as more than 3.6 million shares changed hands. To put that in perspective, the company’s three-month daily average trading volume is about 434,000 units.
Is AMTD Digital Stock a Buy, Sell, or Hold?
Turning to Wall Street, analyst coverage of AMTD Digital is lacking. Instead, let’s see how the TipRanks technical sentiment looks. The overall consensus is Strong Sell, the technical analysis consensus is Sell, and the moving average consensus is Strong Sell.
