Welcome to our dedicated page for Ab Int news (Ticker: ABQQ), a resource for investors and traders seeking the latest updates and insights on Ab Int stock.
AB International Group Corp. (ABQQ) operates at the intersection of intellectual property management, movie investments, and digital innovation. This page serves as the definitive source for official company announcements, providing stakeholders with timely updates across all business segments.
Access press releases, strategic partnership details, and operational developments related to ABQQ's core activities in movie licensing, NFT-based entertainment, and ABQQ.TV streaming platform. Investors will find essential updates on financial milestones, IP acquisitions, and cinema operations alongside emerging initiatives in digital collectibles.
Our curated news collection enables efficient tracking of the company's progress in blending traditional entertainment models with blockchain technology. Regular updates cover earnings announcements, content licensing agreements, theater expansions, and innovations in NFT-driven IP monetization.
Bookmark this page for direct access to verified AB International Group Corp. developments. Combine these updates with fundamental analysis tools for comprehensive investment research.
AB International Group (OTC: ABQQ) reported strong financial results for the period ending February 28, 2025. The company achieved significant revenue growth, with Q3 revenues increasing 175% to $1,058,543 compared to $385,253 in the previous year. The company turned profitable with a net income of $214,931, compared to a loss of $494,919 in the same period last year.
For the six-month period, revenues grew 42% to $1,684,893 with a net income of $164,895, compared to a previous loss of $451,319. The company sold its ABQQ.tv platform in January 2025 and secured a $2 million non-interest-bearing credit line from major shareholder Anyone Pictures ABQQ also established AI+ Hubs Corp, a new subsidiary focused on copyright sales and embedded marketing services.
AB International Group (OTC: ABQQ) announced two major strategic moves: a share repurchase agreement and a business spin-off plan. The company will repurchase 300 million shares from four non-affiliate shareholders for $390,000 using cash on hand. Additionally, ABQQ plans to spin off its NFT MMM IP and AI Consulting division into a separate entity, tentatively named AB Digital Innovations, which will pursue its own IPO. The new company will focus on NFT marketplaces and AI consulting services, particularly in film production and distribution. The spin-off aims to provide existing ABQQ shareholders with shares in the new entity while potentially unlocking higher market valuations through specialized investment opportunities.
AB International Group (ABQQ) reported strong FY2024 financial results with revenue increasing 125% to $3.3 million and achieving operational profitability with net income of $542,331, compared to a net loss of $3.57 million in FY2023. Operating expenses decreased to $2.81 million from $5.03 million in the previous year. The company's Total Stockholders' Equity reached $1.46 million, up from $891K in FY2023. During FY2024, ABQQ repurchased 285 million shares for $50,699. The company announced plans to repurchase $5 million of shares by year-end 2025 and projects 150% revenue growth for FY2025 with EPS guidance of $0.001-$0.002.
AB International Group Corp. (OTC: ABQQ) has announced the launch of a wholly owned subsidiary in China, aiming to tap into one of the world's largest film markets. This strategic move allows ABQQ to gain direct access to the lucrative Chinese market, potentially increasing profit margins and enabling better content localization. The company has also formed a collaboration with Hua Xia Film Group for yearly film productions.
CEO Chiyuan Deng expressed confidence in the team's ability to adapt to local market dynamics and deliver content that resonates with Chinese audiences. However, ABQQ will face challenges such as navigating China's complex business environment and ensuring content compliance with local laws. The success of a newly released film will serve as a litmus test for this strategy.
AB International Group Corp. (OTC: ABQQ) announced a repurchase of 50,296,980 shares of common stock for cancelation. The company entered into Repurchase Agreements with seven non-affiliate shareholders, agreeing to buy back the shares for $50,297, funded by cash on hand. ABQQ's positive cash flow from net profitability is expected to enable further share repurchases in the near future.
The company also plans to launch ABQQ.tv, a video streaming service with a unique 'Cinematic Language Immersion' feature, in November. This service will partner with broadcasting rights owners of over 1,000 movies, potentially alleviating financial pressure on streaming rights purchases. ABQQ.tv is expected to generate monthly revenue of $150,000 to $250,000 initially, with significant increases projected as new films are added to the platform.
AB International Group Corp. (OTC: ABQQ), an intellectual property and movie investment firm, has reported significant business updates. The company achieved net profitability in the quarter ending May 31, 2024, with increased revenue and reduced net loss. ABQQ has fully repaid loans from its CEO and canceled a planned reverse stock split.
ABQQ's operations span various entertainment sectors:
- ABQQ.tv: A video streaming service featuring Chinese content
- Film Investment and Distribution: Global releases of films like "THE ONE" and "Wishes Come True"
- ABQQ Movie Theatre: Theatrical exhibition agreements with major studios
- NFT Movie and Music Marketplace (NFT MMM): A platform with significant licensing deals
The company's strategy combines traditional media with digital innovation, aiming for profitability through diverse revenue streams in the entertainment industry.
AB International Group Corp. (OTC: ABQQ) reported financial results for the period ended May 31, 2024, showing significant improvements. Revenues for the three months ended May 31, 2024, increased 22% to $698,311, compared to $573,389 in the same period last year. The company achieved net profitability, with a net income of $133,034 for the quarter, compared to a net loss of $647,743 in the previous year.
For the nine-month period, revenues increased 70% to $1,885,311, and the net loss reduced by 89% to $318,285. ABQQ expects to record a revenue increase of 80% to 120% and a profit of $200,000 to $250,000 for the fiscal year ending August 31, 2024. CEO Chiyuan Deng expressed confidence in reaching operational profitability by the end of 2024.
AB International Group Corp. (OTC: ABQQ) has announced the premiere of its fencing film 'THE ONE' (YiJianZhongQing) in Chinese cinemas. The company has secured a distribution agreement with Hua Xia Film Group, a leading nationwide distributor in China, for the movie's screening starting August 1, 2024. ABQQ has licensed the film to the distributor for a minimum fee of $300,000 for the mainland China market.
The announcement highlights China's significant position in the global movie industry, ranking second in box office revenue and movie production. In 2023, China held a 24% market share in the global movie industry. ABQQ, as an intellectual property and movie investment firm, operates AB Cinemas in NY and owns ABQQ.TV, an online streaming platform generating revenue through subscriptions and advertising.
AB International Group Corp. (OTCQB: ABQQ) released its unaudited financial results for the six months ending February 28, 2023. Total revenue declined to $535,251 from $1,800,000 in the prior year, primarily due to a lack of sales from copyrights and broadcast rights. The revenue was mainly generated from licensing its NFT MMM platform and new movie theatre operations, which yielded $177,965 in total for ticket and food sales. Conversely, total costs surged to $1,857,951 from $1,373,134, leading to a gross loss of $1,322,700, down from a gross profit of $426,866 a year earlier. The company anticipates future revenue growth from movie and TV rights sales, new subscriptions from ABQQ.tv, and continued operations of its cinema.
