According to a tweet on April 10 by Justin Sun,showHuobi’s $150 million in revenue during Q1 2023 compared to $120 million in expenses resulted in a net income of $30 million.
Sun said “a number of measures were taken to reduce costs and increase efficiency” during the quarter. And for Q2 2023, he forecasts the exchange will generate $187 million in revenue and $76 million in expenses, with a net income of $110 million.
一 季度 了 了 ， 给 披露 集团 集团 的 状态 来 提升 透明度 ， ， ， ， 市场 市场 处于 处于 为主 业务 业务 业务 处于 处于 处于 状态 为 为 1.5 亿 美元 美元 为 1.2 亿 美元 美元 美元 美元 美元 美元 美元 3000 万 美元盈利。一季度采取大量降本增效的措施，保守预测二季度收入为1.87亿美元，支出为7600万美元，1.11亿美元季度盈盈。
— 孙宇晨
(@sunyuchentron) April 10, 2023
Huobi used to be one of the exchanges. cryptocurrency biggest Until mainland Chinese users stop using it in 2021, resulting in a subsequent decline in market share.from 19% in 2020 to an estimated 2.2% in Q4 2022.
Sun, who claims to be an “advisor” at Huobi Global, reportedly bought 100% of the exchange’s shares from its co-founder in November 2022 through his unit About Capital.
Earlier this year, Huobi Global reportedly laid off 20% of its workforce and cut employment benefits as part of its restructuring efforts.
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