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Kuanyou International's Honest Revenue Report: Cyndi Wang's Box Office Outperformed Rainie Yang's

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Kuanyou International reported a 24.45% year-on-year decrease in revenue for July, totaling NT$99.81 million.
  • The company directly attributed the decline to lower box office sales from the recent Rainie Yang concert compared to Cyndi Wang's concert last year.
  • This transparent explanation of revenue fluctuations, specifically citing the concert performance difference, has garnered attention and praise for its honesty.

Kuanyou International has openly acknowledged a significant drop in its July revenue, attributing it directly to the performance difference between its recent Rainie Yang concert and last year's highly successful Cyndi Wang concert. The company reported a July consolidated revenue of NT$99.81 million, a 24.45% decrease from NT$132.11 million in the same period last year.

The box office income from last year's Cyndi Wang concert was better than the income from the current Rainie Yang concert.

โ€” Kuanyou InternationalOfficial explanation for the year-on-year revenue decline in their July financial report.

In a move that has sparked discussion on social media, the company's official revenue announcement included a specific note detailing the reason for the decline. It stated that the box office income from last year's Cyndi Wang concert was "better than" the income from the current Rainie Yang concert, directly explaining the revenue gap.

This revenue decline note is really funny, I can't be the only one who saw it.

โ€” Yeh Yu-shuoFinancial expert commenting on the unusual transparency of Kuanyou International's revenue announcement.

Financial expert Yeh Yu-shuo commented on the announcement, finding the directness amusing. He noted that most companies typically offer more generic explanations for revenue shortfalls, such as weak economic conditions or market changes. Kuanyou International, however, bluntly stated: "Cyndi Wang's box office was higher than Rainie Yang's."

Other companies' revenue announcements talk about the general environment, Kuanyou directly tells you: Cyndi Wang's box office > Rainie Yang's.

โ€” Yeh Yu-shuoHighlighting the stark contrast between Kuanyou International's announcement and typical corporate financial reporting.

Yeh praised the company's transparency, suggesting that investors don't have to guess the reasons for the revenue changes. Netizens have also responded positively, with comments like "Box office makes people feel wronged" and "I like this boss, so honest."

Box office makes people feel wronged.

โ€” NetizenReacting to the company's honest explanation of revenue issues.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.