The evening of November 25th，188bet online live casino (0780.HK) released its third quarter financial report as of September 30, 2019。Financial report display，188bet online live casino’s third quarter revenue 20.6.2 billion yuan，year-on-year growth of 22.3%，Adjusted net profit is 4.1.9 billion yuan，33 year-on-year increase.2%，Adjusted EBITDA up to 5.4.7 billion yuan，27 year-on-year increase.7%，Adjusted EBITDA margin increased from 25% in the same period last year.4% increased to 26.5%，The adjusted net profit margin increased from 18% in the same period last year.7% increased to 20.3%。

User growth，188bet online live casino’s MAU (average monthly active users) reached 2 in the third quarter.3.4 billion people，13 year-on-year increase.4%，MPU (average monthly paying users) 29.8 million，Significant increase of 31 year-on-year.9%。In August this year，188bet online live casino’s average monthly active users exceeds 2.500 million，Average monthly paying users exceed 30 million，Both hit record highs。

Financial report display，188bet online live casino achieved transaction volume of 47.6 billion yuan in the third quarter，year-on-year growth of 21.7%。Both revenue and net profit also achieved substantial increases，Adjusted net profit for the quarter increased significantly by 33% year-on-year.2% to 4.1.9 billion yuan，And single-quarter revenue exceeded 2 billion yuan，year-on-year growth of 22.3%。Performed in specific business sectors，Benefited from increased room night sales，188bet online live casino’s accommodation business revenue increased significantly year-on-year in the third quarter of this year 34.5%，Reached 6.9.4 billion yuan。Transportation ticketing also maintains growth，Revenue in the third quarter was 11.4 billion yuan。In addition，188bet online live casino’s good performance also comes from advertising services、Tongcheng Cultural Tourism and other income，This part of the income surged 371% year-on-year.5% reached 2.2.9 billion yuan。

The third quarter results are all red，On the one hand, it is due to the strong development of core sectors such as accommodation business，Benefit from strong demand，188bet online live casino’s accommodation business on Qixi Festival、Mid-Autumn Festival Holiday、The booking growth at many key nodes such as the National Day Golden Week was significantly higher than the overall industry growth rate，In the third quarter, revenue increased by more than 30% year-on-year；At the same time，Financial report display，Performance growth is also related to the good synergy effects of 188bet online live casino’s various business segments，Especially with the strong traffic volume of transportation business，Further improved the cross-selling rate of accommodation and tourist attractions business，“Transportation + Accommodation” cross-selling has a significant contribution to overall performance。

Financial report data display，188bet online live casino’s MAU (average monthly active users) reached 2 in the third quarter.3.4 billion people，13 year-on-year increase.4%，MPU (average monthly paying users) 29.8 million，Significant increase of 31 year-on-year.9%。Horizontal comparison，Tongcheng-Elong’s average monthly active users continue to lead the industry，Especially over 2 in August 2019.500 million people，This is also the highest level in 188bet online live casino’s history。

188bet online live casino through stable and sustainable cooperation with Tencent，Be able to continuously expand the user base at a lower cost，And through WeChat mini program，Established diversified traffic channels on Tencent’s platforms。Currently，WeChat users have many ways to use 188bet online live casino WeChat mini program，Includes: WeChat payment entrance and mini program drop-down list；Interactive advertising placed on Tencent’s platforms；Sharing and search functions in WeChat, etc.。

As one of the strategies，188bet online live casino has always insisted on converting the growth rate of MAU (average monthly active users) into MPU (average monthly paying users)，Continuously increase user payment ratio，As of the third quarter, 12 has been successfully achieved.7% higher payment rate。While leading the industry in average monthly active users，Average monthly paying users are growing rapidly，And exceeded the all-time high of 30 million people in August 2019。And looking at the past 12 months，188bet online live casino’s annual paying users have reached 1.3.5 billion。In addition to the natural growth of users from the market，The continuous and substantial increase in MPU has laid the foundation for 188bet online live casino’s longer-term development。

Facing development opportunities in non-first-tier cities，188bet online live casino leverages the exploration of diversified traffic，Continuously expanding user coverage in non-first-tier cities in China。For example，Tongcheng-Elong cooperates with airports, especially those in non-first-tier cities，Provide smart travel solutions to airports，Improved travel experience for users in non-first-tier cities。As of the third quarter of this year，The proportion of registered users of 188bet online live casino in non-first-tier cities in China is about 85.5%；And the third quarter，About 63.3% of new paid WeChat users come from third-tier or below cities，Increase compared with the same period in 2018。