MEITU (01357) Q3 imaging and design product revenue increased 28.2% year-on-year to RMB 1 billion.

MEITU (01357) announced that paid subscribers increased by approximately 1.39 million net this quarter, a new high over the past four quarters. As of September 2026, paid subscribers reached 19.83 million. Among them, paid subscribers from productivity applications increased by 18.3% year-on-year to 2.39 million, and paid subscribers from lifestyle scenario applications increased by 24.1% year-on-year to 17.44 million. Meanwhile, the growth rate of paid subscribers from international markets continued to outpace that of the Chinese mainland market. As of September 2026, the ARR of AI productivity applications was RMB 655 million, up 40.1% year-on-year. Among them, the ARR of Kaipai and Vmake Labs both more than doubled year-on-year. In Q3 2026, the Group's core business "imaging and design products" revenue (unaudited) increased by 28.2% year-on-year to RMB 1 billion, of which: Revenue from productivity applications increased by 42.3% year-on-year, accounting for approximately 20% of imaging and design product revenue. As the Group exited the copyright image library business before the end of 2025, the above year-on-year growth rate is calculated on a comparable basis, excluding the revenue contribution of that original business in Q3 2025 (RMB 13.7 million), to more accurately reflect the growth trend of productivity applications. Revenue from lifestyle scenario applications increased by 27.9% year-on-year, accounting for 80% of imaging and design product revenue, reflecting continued user demand and monetization momentum for lifestyle scenario applications.