Results for: Livestreaming

Newborn Town, dubbed the ‘Tinder of the Middle East,’ is experiencing explosive growth in the MENA region, with revenue surging over 60% in the first nine months of 2024. The company’s social media apps, including the popular MICO livestreaming platform, have amassed over 700 million downloads. However, despite its impressive performance, Newborn Town’s stock price has been volatile, lagging behind its growth trajectory. This article explores the factors driving Newborn Town’s success, the challenges it faces in winning over investors, and its future prospects.

Huya, a livestreaming gaming platform, saw a 16% decline in revenue during the second quarter but saw significant growth in its new game-related services. This diversification effort aims to counter declining revenue from its main streaming business, but the company faces challenges including a softening Chinese economy and low margins.

Twitch has officially rolled out its new TikTok-like discovery feed, allowing users to browse short-form video content from both followed and suggested streamers. The feed, accessible through the iOS and Android apps, features live streams and highlight clips, providing users with a convenient way to find new content to watch. This launch follows earlier testing of the feed and aligns with the growing trend of popular apps implementing short-form video features to cater to users’ preferences for quick and engaging content.