- AB International Group (OTC: ABQQ) reported a 175% increase in Q3 revenue, reaching $1,058,543.
- The company turned profitable with a Q3 net income of $214,931, bouncing back from a previous loss.
- The company secured a $2 million non-interest-bearing credit line from its major shareholder, Anyone Pictures.
AB International Group Corp. (OTC: ABQQ), a firm specializing in intellectual property and movie investments, has announced robust financial results for the quarter ending February 28, 2025. The company's Q3 revenue rose by 175% year-over-year to reach $1,058,543, compared to $385,253 in the year prior. Notably, the company achieved a net income of $214,931 during the same period, reversing a loss of $494,919 from last year.
In the six-month period ending February 28, 2025, ABQQ saw its revenue increase by 42% to $1,684,893, moving from a previous loss to a net income of $164,895. January 2025 marked a strategic pivot for the company as it sold its proprietary broadcasting platform, ABQQ.tv, and transitioned to a third-party platform for film and drama content broadcasting.
Financially fortifying its operations, ABQQ established a $2 million interest-free line of credit, due on demand, with Anyone Pictures Limited, its principal shareholder, effective March 1, 2025. This move aims to bolster the company's liquidity in the short term.
Further expanding its portfolio, ABQQ incorporated a new subsidiary, AI+ Hubs Corp, on March 13, 2025. This new entity is focused on copyright sales and providing embedded marketing services, highlighting the company's commitment to leveraging AI technology in content creation and distribution.
In a significant corporate decision, AB International Group issued 2 billion shares as bonuses to its CEO, Chiyuan Deng, on March 14, 2025, marking a strategic move to potentially drive future corporate growth and executive alignment.
