HK Stock Market Move | GALAXY ENT (00027) rose by more than 3%. Adjusted EBITDA for the third quarter increased by 6% year-on-year to HK$2.9 billion.

GALAXY ENT (00027) rose more than 3%, closing at a 3.03% increase to 35.65 Hong Kong dollars, with a trading volume of 559.348 million Hong Kong dollars as of the time of this report. In terms of news, GALAXY ENT announced this morning that for the third quarter ending on September 30, 2024, the group's net income was 10.7 billion Hong Kong dollars, an 11% year-on-year increase but a 2% decrease from the previous quarter; the group's adjusted EBITDA was 2.9 billion Hong Kong dollars, a 6% year-on-year increase but a 7% decrease from the previous quarter; the low net win rate in the gaming business led to a decrease of approximately 165 million Hong Kong dollars in adjusted EBITDA. After normalizing the net win rate, the adjusted EBITDA for the third quarter was 3.1 billion Hong Kong dollars, a 7% year-on-year increase but a 3% decrease from the previous quarter; the adjusted EBITDA for the past twelve months was 11.8 billion Hong Kong dollars, a 68% year-on-year increase and a 1% increase from the previous quarter.