AMTD Digital (HKD) revenue breakdown
By segment, Strategic investment is the largest at 63% of fiscal 2025 revenue; Media and entertainment services grew fastest, 555% a year over 3 years.
By product, Hotel operations, hospitality and VIP services income is the largest at 56% of fiscal 2025 revenue; Digital solutions services – other digital solutions services grew fastest, -43% a year over 4 years.
Revenue by segment
Fiscal years, as AMTD Digital reports them in its 10-K filings; fiscal 2025 total $136M.
| Segments | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Strategic investment | — | — | — | $15M | -$2M | $86M | 63% |
| Hotel operations, hospitality and VIP services | — | — | — | $2M | $19M | $28M | 21% |
| Media and entertainment services | — | — | $68,000 | $1M | $4,000 | $19M | 14% |
| Digital solutions services | — | $24M | $25M | $30M | $3M | $3M | 2% |
| SpiderNet ecosystem solutions | $158M | — | — | — | — | — | — |
| Digital financial services | $10M | — | — | — | — | — | — |
| Digital solutions services—financial services | — | $2M | — | — | — | — | — |
Revenue by product
Fiscal years, as AMTD Digital reports them in its 10-K filings; fiscal 2025 total $50M.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Hotel operations, hospitality and VIP services income | — | — | — | — | — | $28M | 56% |
| Media and entertainment services – advertising services income | — | — | — | — | — | $15M | 29% |
| Media and entertainment services – licensing, subscription and marketing services income | — | — | — | — | — | $5M | 9% |
| Digital solutions services – other digital solutions services | — | $24M | $24M | $28M | $3M | $3M | 5% |
| Digital solutions services – insurance brokerage services | — | — | — | — | — | $407,000 | 1% |
| Hotel operations, hospitality and VIP services-Hotel operations, hospitality and VIP services income | — | — | — | $2M | $19M | — | — |
| Digital solutions services – insurance brokerage services | — | $2M | $2M | $2M | $851,000 | — | — |
| Media and entertainment services – fashion, arts and luxury media advertising services | — | — | $68,000 | $1M | $4,000 | — | — |
| SpiderNet ecosystem solutions services | $158M | — | — | — | — | — | — |
| Insurance brokerage services | $10M | — | — | — | — | — | — |
Revenue by region
Fiscal years, as AMTD Digital reports them in its 10-K filings; fiscal 2025 total $50M.
| Regions | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Southeast Asia | — | — | — | — | $26M | 52% |
| Hong Kong | $25M | $25M | $32M | $9M | $9M | 19% |
| Europe | — | — | — | — | $9M | 18% |
| Americas | — | — | $1M | — | $6M | 11% |
| Singapore | $301,000 | $113,000 | $223,000 | $14M | — | — |
Questions
Where does AMTD Digital make its money?
In fiscal 2025, by segment: Strategic investment $86M, Hotel operations, hospitality and VIP services $28M, Media and entertainment services $19M, Digital solutions services $3M.
From AMTD Digital's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.