The9 Reports Record Quarterly Profit Driven by Digital Assets and Platform Growth
The9 Limited (Nasdaq: NCTY) reported a record net income of $23 million for the first quarter ended March 31, 2026. The strong performance was driven primarily by gains from digital assets, including receiving over 1.4 billion 9BIT tokens during the period and an additional 475 million in April. These tokens are valued based on market prices across major exchanges like KuCoin and MEXC. The company's AI-powered game creation platform, the9bit, has also seen rapid adoption since its August 2025 launch, with over 8 million registered users creating more than 110,000 games. The9 is positioning the9bit as an AI-native operating system for interactive entertainment that leverages a proprietary orchestration layer to streamline game development. The Board of Directors has also approved a long-term incentive plan tied to continued profitability in Q2 through Q4 of 2026, reflecting confidence in sustained growth. The company's total cryptocurrency holdings are valued at approximately $110 million as of the report date.
Tickers: $NCTY
Topics: AI gaming platform cryptocurrency holdings digital assets