To The Moon

Yesterday, MiniMax Group released its earnings results, posting a strong performance in the first half of the year. Revenue reached $116.6 million, compared with just $30.4 million in the same period last year, representing a year-over-year increase of approximately 283%. In terms of revenue structure, revenue from AI-native products grew 100.9% year over year to $42.6 million. Revenue from the open platform and other AI-based enterprise services surged 703.1%, rising from $9.2 million to $73.9 million. This segment accounted for 63.4% of total revenue, up significantly from 30.3% in the same period of 2025, making it the company's largest revenue source. Investment banks have offered mixed views on the company. Citi said demand for the M3 model among enterprise users remains strong and th

Yesterday, MiniMax Group released its earnings results, posting a strong performance in the first half of the year. Revenue reached $116.6 million, compared with just $30.4 million in the same period last year, representing a year-over-year increase of approximately 283%. In terms of revenue structure, revenue from AI-native products grew 100.9% year over year to $42.6 million. Revenue from the open platform and other AI-based enterprise services surged 703.1%, rising from $9.2 million to $73.9 million. This segment accounted for 63.4% of total revenue, up significantly from 30.3% in the same period of 2025, making it the company's largest revenue source. Investment banks have offered mixed views on the company. Citi said demand for the M3 model among enterprise users remains strong and th