On 14 november, fox search published its financial report for the third quarter of 2022. The financial statements show a total income of $185 million for the third quarter, of which $26 million is for brand advertising and $149 million for online games。
Zhang zhongyang, founder of the fox search, chairman of the board and chief executive officer, stated that “in the third quarter of 2022, despite the adverse effects of the new coronary epidemic and the uncertainty of the macroeconomic environment, we have continued to strive to optimize products, improve operational efficiency and improve commercialization. Our net loss this quarter is lower than previously anticipated, thanks to strict cost controls and robust performance of online games.”
In the third quarter of 2022, the financial statements showed a total income of $185 million for fox searches and a net loss of $17 million for non-united states general accounting standards attributable to fox searches, lower than expected. The previous fox search estimate for the third quarter was between $35 million and $25 million。
As a whole, “the search for fox media is constantly advancing product and technology optimization and user experience. With regard to the search for fox videos, we continue to implement the `two-engine' strategy to develop scientific knowledge-based live broadcasts with leading live video technology and high-quality content and activities. Based on the differential advantages of searching for the fox matrix, we are constantly exploring ways to improve the commercialization of the fox search media and the fox video. Online games perform well and earn more than previously anticipated.” zhang zhongyang is called。
