Home / Business and Economy / MiniMax Revenue Soars 159%, Outpacing AI Rivals
MiniMax Revenue Soars 159%, Outpacing AI Rivals
2 Mar
Summary
- Revenue surged 159% to $79 million in 2025, beating estimates.
- Company's market value quadrupled since its Hong Kong IPO.
- MiniMax faces lawsuits over intellectual property and model training.
MiniMax Group Inc. announced a substantial 159% revenue increase for 2025, reporting $79 million against an estimated $71.4 million. This performance highlights strong demand for Chinese open-source AI models.
The company experienced a net loss of $1.87 billion for the year, with fair value changes in financial instruments contributing significantly. This reporting marks the first earnings disclosure since MiniMax's $600 million IPO in Hong Kong earlier in the year.
MiniMax's market capitalization has grown to approximately $30 billion, with its shares more than quadrupling since their debut. The Shanghai-based firm competes with AI-native and Big Tech companies in China, offering both business solutions and consumer-facing AI applications.
Despite its growth, MiniMax is embroiled in legal disputes. It faces accusations of intellectual property theft from Walt Disney Co. and other US studios, and of unauthorized AI model training, as alleged by Anthropic PBC.
The company, founded in 2021, has served over 236 million users across various consumer products, including AI avatars and video generation tools.
