【招银国际】Higher consumer internet revenue contribution boosted margin.pdf

Macro uncertainty to impact revenue growth and margin outlook

Expecting steady cloud revenue growth

Gradual revenue and margin recovery in FY23

3Q results review: Solid revenue growth with lower margin

1H23 Preview: weak revenue amid industry headwinds; expect smartphone recovery in 2H23E

Marvell FY1Q25 earnings: Harnessing the AI revenue

Inline 3Q23 results; strong music subscription revenue growth

The Division of Revenues from Unexpected Demand Shocks

Gradual revenue and margin recovery in FY23

Inline 1Q24 results; upbeat on game revenue growth reacceleration in 2H24E