{"slug": "minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-amid-crowded", "title": "MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race", "summary": "Chinese AI firm MiniMax reported a 283% surge in first-half revenue to US$116.6 million, driven by a 703% jump in enterprise revenue to US$73.9 million, but the total remains only 32% of the US$363.77 million full-year forecast for 2026. The company's adjusted net loss widened 111.2% to US$293 million, while gross profit rose to US$20.8 million with a margin of 17.9%.", "body_md": "# MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race\n\nDespite soaring revenue and enterprise growth, MiniMax’s results underscore the fierce competition with US and Chinese AI labs\n\nChinese artificial intelligence firm MiniMax on Wednesday posted a 283 per cent surge in first-half revenue to US$116.6 million, powered by a 700 per cent jump in its enterprise business, though top-line growth remains off pace to hit full-year analyst forecasts.\n\nRevenue for the six months ended June 30 accounted for roughly 32 per cent of the US$363.77 million expected by analysts for the full year 2026, according to estimates compiled by Bloomberg. The company reported full-year revenue of US$79 million for 2025.\n\nThe top-line growth was largely driven by MiniMax’s enterprise-facing business. Revenue from its Open Platform and other AI-based enterprise services jumped more than 703 per cent year on year to US$73.9 million from US$9.2 million.\n\nThis segment accounted for 63.4 per cent of its total revenue, expanding from just 30.3 per cent a year earlier, reflecting growth in paying users and enterprise customers, according to MiniMax. Revenue from other AI-native products also doubled.\n\nOn the bottom line, total loss for the period narrowed 11 per cent to US$358 million. However, adjusted net loss expanded 111.2 per cent to US$293 million from about US$139 million a year earlier, the company said.\n\nGross profit grew more than five-fold to US$20.8 million from US$3.7 million, as gross profit margin increased to 17.9 per cent from 12.1 per cent in the same period a year earlier, according to MiniMax.\n\nShares of Hong Kong-listed MiniMax closed up 1.13 per cent at HK$303 on Wednesday ahead of the earnings announcement.", "url": "https://wpnews.pro/news/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-amid-crowded", "canonical_source": "https://www.scmp.com/tech/big-tech/article/3365341/minimax-revenue-surges-283-remains-behind-pace-meet-forecast-amid-crowded-ai-race?utm_source=rss_feed", "published_at": "2026-08-26 10:52:43+00:00", "updated_at": "2026-08-26 11:13:21.057758+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "generative-ai"], "entities": ["MiniMax", "Bloomberg"], "alternates": {"html": "https://wpnews.pro/news/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-amid-crowded", "markdown": "https://wpnews.pro/news/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-amid-crowded.md", "text": "https://wpnews.pro/news/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-amid-crowded.txt", "jsonld": "https://wpnews.pro/news/minimax-revenue-surges-283-but-remains-behind-pace-to-meet-forecast-amid-crowded.jsonld"}}