Activation Group Holdings Limited (HKG:9919)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Digital and Communication Services	157.11M	177.97M	188.24M	154.40M	201.69M
Digital and Communication Services Growth	-11.72%	-5.45%	21.92%	-23.45%	51.28%
IP Development	2.21M	16.73M	17.02M	26.53M	16.35M
IP Development Growth	-86.78%	-1.70%	-35.84%	62.32%	23.27%
Experiential Marketing Services	548.07M	653.05M	761.97M	513.88M	686.02M
Experiential Marketing Services Growth	-16.07%	-14.30%	48.28%	-25.09%	120.29%
Total	707.40M	847.75M	967.23M	694.81M	904.06M
Total Growth	-16.56%	-12.35%	39.21%	-23.15%	97.39%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Chinese Mainland	644.22M	766.63M	867.28M	669.62M	852.16M
Chinese Mainland Growth	-15.97%	-11.61%	29.52%	-21.42%	91.18%
Hong Kong/Singapore	63.17M	81.12M	99.95M	25.19M	51.90M
Hong Kong/Singapore Growth	-22.13%	-18.84%	296.83%	-51.46%	323.49%
Total	707.40M	847.75M	967.23M	694.81M	904.06M
Total Growth	-16.56%	-12.35%	39.21%	-23.15%	97.39%

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 19, 2026

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