CHR

BEIJING, July 28, 2026 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced its financial results for the six months ended June 30, 2026. Management Commentary “We are pleased to report a solid first half of 2026, highlighted by a 26.1% increase in income from operations and a 4.0% increase in net income, driven by continued operational discipline across our CHEERS ecosystem,” said Mr. Bing Zhang, Chairman and Chief Executive Officer of Cheer Holding. “While revenues declined year-over-year due to macroeconomic headwinds impacting customer spending, we successfully reduced operating expenses by 20.2%, demonstrating our commitment to cost efficiency and margin expansion. Our gross margin improved to 76.7% from 70.7%, and our operating margin expanded to 17.3% from 11.7%, underscoring our effective cost optimization while maintaining service quality.” “Strategically, we have continued to advance our artificial intelligence initiatives. In April 2026, we released CHEERS Telepathy version 3.1.0, featuring new multimodal AI translation capabilities and a global AI assistant system. In July 2026, we officially unveiled Klon AI, our proprietary platform dedicated to AI-driven portraiture and digital identity, which has established itself as a standout consumer-grade application following successful closed beta testing across multiple regions. With a strong balance sheet and cash position of $213.8 million, we remain well-positioned to execute our long-term vision of becoming a global leader in AI-powered digital ecosystems.” Financial Highlights For The Six Months Ended June 30, 2026 Total revenues were $60.5 million, compared to $71.0 million in the same period of 2025. Gross margin improved to 76.7%, compared to 70.7% in the prior-year period. Operating margin improved to 17.3%, compared to 11.7% in the prior-year period. Income from operations increased by 26.1% to $10.5 million, compared to $8.3 million in the same period of 2025. Net income attributable to Cheer Holding’s shareholders increased by 4.0% to $8.1 million, compared to $7.8 million in the prior-year period. Cash and cash equivalents stood at $213.8 million as of June 30, 2026. Operational Highlights The Company released CHEERS Telepathy version 3.1.0 in April 2026, featuring new multimodal AI translation capabilities and a global AI assistant system, further strengthening CHEERS Telepathy’s position in the AI agent space. In July 2026, the Company officially unveiled Klon AI, its proprietary platform dedicated to AI-driven portraiture and digital identity, following successful closed beta testing across North America, Latin America, Japan, South Korea, and Southeast Asia. Financial Results for the Six Months Ended June 30, 2026 Revenues Revenues for the six months ended June 30, 2026 were approximately $60.5 million, representing a decrease of approximately $10.5 million, or 14.7%, from approximately $71.0 million for the six months ended June 30, 2025. The decrease was mainly caused by a reduction in orders from customers, as customers adopted cost-saving strategies due to the downward trend of the macroeconomic environment. Approximately 100.0% of revenues derived from advertising services. Operating Expenses Total operating expenses decreased by 20.2% to approximately $50.0 million, compared to $62.7 million in the prior-year period. Cost of revenues decreased by 32.0% to approximately $14.1 million, compared to $20.8 million in the prior-year period, primarily in line with the decrease in revenues. Gross margin improved to 76.7% from 70.7% in the prior-year period. Selling and marketing expenses decreased by 11.4% to approximately $31.3 million, compared to $35.3 million in the prior-year period, mainly due to reduced promotion campaign expenses. General and administrative expenses decreased by 66.8% to approximately $1.4 million, compared to $4.2 million in the prior-year period, primarily due to recognition of share-based compensation expenses of $3.4 million in prior-year period, partially offset by an increase of amortization of intangible assets with addition of intangible assets during the six months ended June 30, 2026. Research and development expenses increased by 37.8% to approximately $3.2 million, compared to $2.3 million in the prior-year period, reflecting continued investments in AI and IT infrastructure. Income from Operations Income from operations increased by 26.1% to approximately $10.5 million, compared to $8.3 million in the prior-year period. Operating margin improved to 17.3% from 11.7% in the prior-year period, reflecting enhanced operational efficiency. Net Income Net income attributable to Cheer Holding’s shareholders was approximately $8.1 million, compared to $7.8 million in the prior-year period, representing an increase of 4.0%. Balance Sheet and Cash Flow As of June 30, 2026, the Company had cash and cash equivalents of approximately $213.8 million, compared to $242.1 million as of December 31, 2025. Working capital was approximately $346.7 million. Total assets were $419.6 million, up from $401.7 million as of December 31, 2025. Total shareholders’ equity was $389.3 million, compared to $369.8 million as of December 31, 2025. Net cash used in operating activities was approximately $30.2 million for the six months ended June 30, 2026, compared to net cash provided by operating activities of approximately $3.9 million in the prior-year period. About Cheer Holding, Inc. Cheer Holding is a leading provider of next-generation mobile internet infrastructure and platform services in China. The Company operates a comprehensive digital ecosystem integrating platforms, applications, technology, and industry, with a focus on AI-driven content creation, e-commerce, and metaverse development. For more information, please visit ir.gsmg.co. Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements include, but are not limited to, our success in our artificial intelligence initiatives, changes or other circumstances that could affect the Company’s ability to continue successful development and launch of global expansion, artificial intelligence initiatives and technology infrastructure; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment and technological developments, competition, changes in regulation, or other economic and policy factors; the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors, or that the Company will be able to continue to have its Class A ordinary shares listed on The Nasdaq Capital Market. In addition, the Company is subject to a number of risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. For investor and media inquiries, please contact: James LiEmail: [email protected]: +86 10 6778 2900 (CN)

HALIFAX, NS, April 2, 2026 /CNW/ - Chorus Aviation Inc. ("Chorus") (TSX: CHR) will present the company's first quarter 2026 financial results on Friday, May 8, 2026, and later that day will hold its 2026 Annual General Meeting of Shareholders. Details are as follows: Q1 2026 Earnings Conference Call Colin Copp, President and Chief Executive Officer, and Gary Osborne, Chief Financial Officer, will present first quarter results and will be available for analysts' questions. Media may access this call on a listen-in basis. 2026 Annual General Meeting of Shareholders Shareholders of record on March 18, 2026, or their duly appointed proxyholders, will have equal opportunity to participate at the 2026 Annual General Meeting of Shareholders (the "Meeting") online regardless of their geographic location. The Management Proxy Circular (the "Circular") and the Virtual Shareholder Meeting Guide (the "Guide") contain information on how to participate in the Meeting, including how to submit questions both before and during the Meeting. Chorus has adopted notice-and-access to deliver its Meeting materials, including the Circular, to shareholders. The Circular and the Guide are available on Chorus' website as well as under Chorus' profile at www.sedarplus.ca and at https://docs.tsxtrust.com/CHR. Shareholders may also request a paper copy of the Circular. About Chorus Aviation Inc. Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; KADEX Aero Supply, an aircraft parts distributor and provider of repair and overhaul services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines and Elisen & Associates, a provider of aerospace engineering and certification services. Together, Chorus' subsidiaries provide services that encompass every stage of an aircraft's lifecycle, including: aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. Chorus' 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbol 'CHR.DB.C'. For further information on Chorus, please visit www.chorusaviation.com. View original content: http://www.newswire.ca/en/releases/archive/April2026/02/c7317.html

BEIJING, March 23, 2026 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding" or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced its financial results for the fiscal year ended December 31, 2025. The Company’s Annual Report on Form 20-F was filed with the U.S. Securities and Exchange Commission on March 20, 2026. Management Commentary "We are pleased to report another year of solid financial performance, driven by continued momentum across our CHEERS ecosystem," said Mr. Bing Zhang, Chairman and Chief Executive Officer of Cheer Holding. "Revenue growth was supported by new customer contributions, while we continued to advance our strategic focus on artificial intelligence and have begun laying the groundwork for overseas expansion. With a strong balance sheet, we remain well-positioned to execute our long-term vision of becoming a global leader in AI-powered digital ecosystems." Financial Highlights For The Year Ended December 31, 2025 Total revenues increased by 1.1% to $148.8 million, compared to $147.2 million in 2024. Income from operations increased by 2.7% to $26.3 million, compared to $25.6 million in 2024. Net income attributable to Cheer Holding's shareholders was $25.6 million, compared to $26.0 million in the prior year. Cash and cash equivalents stood at $242.1 million as of December 31, 2025, up from $197.7 million at the end of 2024. Operational Highlights As of December 31, 2025, cumulative app downloads across the Company's platforms reached 550 million, representing a 5.0% increase from 523.3 million as of December 31, 2024. The Company has initiated a strategic pivot toward global markets, with a dedicated AI portrait and video product line anticipated to begin beta testing in the second quarter of 2026. About Cheer Holding, Inc. Cheer Holding is a leading provider of next-generation mobile internet infrastructure and platform services in China. The Company operates a comprehensive digital ecosystem integrating platforms, applications, technology, and industry, with a focus on AI-driven content creation, e-commerce, and metaverse development. For more information, please visit ir.gsmg.co. Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements include, but are not limited to, our success in our artificial intelligence initiatives, changes or other circumstances that could affect the Company’s ability to continue successful development and launch of global expansion, artificial intelligence initiatives and technology infrastructure; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment and technological developments, competition, changes in regulation, or other economic and policy factors; the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors, or that the Company will be able to continue to have its Class A ordinary shares listed on The Nasdaq Capital Market. In addition, the Company is subject to a number of risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 20, 2026. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. For investor and media inquiries, please contact: James Li Email: [email protected] Tel: +86 10 6778 2900 (CN)

BEIJING, March 16, 2026 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced the results of its Extraordinary General Meeting, which was held on March 16, 2026 (local time), in Beijing, China. At the Extraordinary General Meeting, the Company’s shareholders approved a proposal, as a special resolution, subject to certain conditions being met, that the authorised share capital of the Company be reduced and amended: From: US$500,700 divided into 10,000,000 Class A ordinary shares of a par value of US$0.05 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each, To: US$500,699.95 divided into 3,333,333 Class A ordinary shares of a par value of US$0.15 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each, By: (the “Share Consolidation and Reduction”) provided, however, the implementation and timing of such Share Consolidation and Reduction to be determined in the discretion of the Directors. About Cheer Holding, Inc. As a preeminent provider of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive digital eco-system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin. Cheer Holding’s portfolio includes a wide range of products and services, such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris Intelligent Cloud, AI-animated short drama series, short video matrix, variety show series, Livestreaming, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements. With “CHEERS+” at the core of Cheer Holding’s digital ecosystem, the Company is committed to utilizing innovative product applications and technologies to drive its long-term sustainable and scalable growth. Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements include, but are not limited to, that the Share Consolidation and Reduction will enable the Company to maintain the minimum bid price requirement under the Nasdaq continued listing standards, or that the Company will be able to continue to have its Class A ordinary shares listed on The Nasdaq Capital Market. The Company is subject to a number of risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 10, 2025. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. For investor and media inquiries, please contact: Wealth Financial Services LLC Connie Kang, Partner Email: [email protected] Tel: +86 1381 185 7742 (CN)

Explore Cheer Holding's Fair Values from the Community and select yours The market wasn't impressed with the soft earnings from Cheer Holding, Inc. (NASDAQ:CHR) recently. Our analysis has found some reasons to be concerned, beyond the weak headline numbers. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. Cheer Holding expanded the number of shares on issue by 18% over the last year. As a result, its net income is now split between a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. Check out Cheer Holding's historical EPS growth by clicking on this link. Unfortunately, Cheer Holding's profit is down 27% per year over three years. Even looking at the last year, profit was still down 38%. Like a sack of potatoes thrown from a delivery truck, EPS fell harder, down 49% in the same period. And so, you can see quite clearly that dilution is influencing shareholder earnings. In the long term, if Cheer Holding's earnings per share can increase, then the share price should too. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For the ordinary retail shareholder, EPS is a great measure to check your hypothetical "share" of the company's profit. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Cheer Holding. Over the last year Cheer Holding issued new shares and so, there's a noteworthy divergence between EPS and net income growth. Therefore, it seems possible to us that Cheer Holding's true underlying earnings power is actually less than its statutory profit. Sadly, its EPS was down over the last twelve months. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into Cheer Holding, you'd also look into what risks it is currently facing. Case in point: We've spotted 5 warning signs for Cheer Holding you should be mindful of and 1 of these is a bit unpleasant. This note has only looked at a single factor that sheds light on the nature of Cheer Holding's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

BEIJING, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, issues a correction to it prior press release dated July 30, 2025 regarding its financial results for the six months ended June 30, 2025. Financial Highlights for the Six Months Ended June 30, 2025 Key Financial Metrics Revenues reached $71.0 million. Net Income reached $7.8 million. Net cash provided by operating activities was approximately $3.9 million. Segment Revenues Revenue from CHEERS App Internet Business reached $65.5 million, accounting for 92.26% of total revenues. Revenue from Cheers Traditional Media Business reached $5.5 million, accounting for 7.74% of total revenues. Operating Highlights for the Six Months Ended June 30, 2025 CHEERS Video Accumulated downloads of CHEERS Video grew by 1.85% YoY to approximately 440 million as of June 30, 2025. Monthly Active Users of CHEERS Video increased by 0.02% YoY to approximately 51.1 million. Daily Time Spent on CHEERS Video was approximately 54.3 minutes. CHEERS e-Mall Accumulated downloads of CHEERS e-Mall grew by 16.07% YoY to 70.4 million as of June 30, 2025. Monthly Active Users of CHEERS e-Mall increased by 0.44% YoY to approximately 6.9 million. Repurchase Rate on CHEERS e-Mall was 38.8%. CHEERS Telepathy Accumulated downloads of CHEERS Telepathy were approximately 14.1 million as of June 30, 2025. Monthly Active Users of CHEERS Telepathy increased by 263.33% YoY to approximately 3.3 million. Monthly Visits increased by 14.25% YoY to approximately 3.8 million. CHEERS API Number of API increased by 9.8% YoY to 101 for the six months ended June 30, 2025. Daily Active Integrations increased by 46.9% YoY to more than 470,000. Selected Financial Results Revenues Revenues remained stable at approximately $71.0 million and $71.1 million, respectively for the six months ended June 30, 2025 and 2024. Advertising services were the Company’s primary revenue driver, accounting for 99.9% and 99.7% of total revenue in these periods. This marginal change was primarily due to: (i) a decrease of approximately $0.1 million in CHEERS e-Mall market service revenue, influenced by the rise of diversified online shopping models like livestream shopping; and (ii) a decrease of approximately $0.1 million in other revenues from customized content production, stemming from increased competition. These reductions were largely offset by an approximately $0.1 million increase in advertising revenues, driven by a higher volume of advertising orders. The Company expects to further expand its customer base by enhancing brand recognition and user traffic, aiming for increased exposure and popularity of its Apps. Operating Expenses Operating expenses consist of cost of revenues, selling and marketing, general and administrative, and research and development expenses. Cost of Revenues increased by approximately $1.9 million, or 9.99%, to $20.8 million for the six months ended June 30, 2025, from approximately $18.9 million in the prior year. This increase was attributable to higher advertising revenues. However, the Company’s gross margin decreased primarily due to a reduction in service fees charged to advertising customers. The Company anticipates further increases in advertising revenues through continuous investment in its advertising business. Sales and Marketing Expenses decreased by approximately $2.3 million to $35.3 million for the six months ended June 30, 2025, from approximately $37.6 million in the prior year. This decline was mainly due to reduced promotion service charges, as the Company has scaled back marketing and promotion costs, believing it has gained a strong reputation among its target customers. General and Administrative Expenses increased from approximately $1.6 million for the six months ended June 30, 2024, to approximately $4.2 million for the six months ended June 30, 2025. This increase was primarily attributable to an approximately $2.8 million increase in share-based compensation expenses, as the Company incurred higher expenses for the six months ended June 30, 2025 from a restricted share grant in January 2025 as compared with a restricted share grant in June 2024. Research and Development Expenses were approximately $2.3 million and $1.4 million for the six months ended June 30, 2025 and 2024, respectively. This increase primarily reflects continued investment in IT infrastructure, user-friendliness upgrades, and the ongoing implementation of content-driven strategies. Net Income As a result, the Company reported a net income of $7.8 million for the six months ended June 30, 2025, compared to $12.4 million for the six months ended June 30, 2024. Cash, cash equivalents and working capital The Company’s principal sources of liquidity were cash and cash equivalents of approximately $203.2 million and $197.7 million, respectively, as of June 30, 2025 and December 31, 2024. Working capital as of June 30, 2025 was approximately $284.5 million. About Cheer Holding, Inc. As a preeminent provider of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive digital eco-system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin. Cheer Holding’s portfolio includes a wide range of products and services, such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris Intelligent Cloud, AI-animated short drama series, short video matrix, variety show series, Livestreaming, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements. With “CHEERS+” at the core of Cheer Holding’s digital ecosystem, the Company is committed to utilizing innovative product applications and technologies to drive its long-term sustainable and scalable growth. For more information, please visit http://ir.gsmg.co/. Safe Harbor Statement Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company’s ability to continue successful development and launch of its metaverse experience centers, AI initiatives and technology infrastructure; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment and technological developments, competition, changes in regulation, or other economic and policy factors; disruptions or other business interruptions that may affect the operations of our products and services, the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 10, 2025. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. For investor and media inquiries, please contact: Wealth Financial Services LLC Connie Kang, Partner Email: [email protected] Tel: +86 1381 185 7742 (CN) CHEER HOLDING, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. dollars in thousands, except share and per share data) CHEER HOLDING, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In U.S. dollars in thousands, except share and per share data) CHEER HOLDING, INC UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In U.S. dollars in thousands)

BEIJING, July 30, 2025 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced its financial results for the six months ended June 30, 2025. Financial Highlights for the Six Months Ended June 30, 2025 Key Financial Metrics Revenues reached $71.0 million. Net Income reached $11.2 million. Net cash provided by operating activities was approximately $3.9 million. Segment Revenues Revenue from CHEERS App Internet Business reached $65.5 million, accounting for 92.26% of total revenues. Revenue from Cheers Traditional Media Business reached $5.5 million, accounting for 7.74% of total revenues. Operating Highlights for the Six Months Ended June 30, 2025 CHEERS Video Accumulated downloads of CHEERS Video grew by 1.85% YoY to approximately 440 million as of June 30, 2025. Monthly Active Users of CHEERS Video increased by 0.02% YoY to approximately 51.1 million. Daily Time Spent on CHEERS Video was approximately 54.3 minutes. CHEERS e-Mall Accumulated downloads of CHEERS e-Mall grew by 16.07% YoY to 70.4 million as of June 30, 2025. Monthly Active Users of CHEERS e-Mall increased by 0.44% YoY to approximately 6.9 million. Repurchase Rate on CHEERS e-Mall was 38.8%. CHEERS Telepathy Accumulated downloads of CHEERS Telepathy were approximately 14.1 million as of June 30, 2025. Monthly Active Users of CHEERS Telepathy increased by 263.33% YoY to approximately 3.3 million. Monthly Visits increased by 14.25% YoY to approximately 3.8 million. CHEERS API Number of API increased by 9.8% YoY to 101 for the six months ended June 30, 2025. Daily Active Integrations increased by 46.9% YoY to more than 470,000. Selected Financial Results Revenues Revenues remained stable at approximately $71.0 million and $71.1 million, respectively for the six months ended June 30, 2025 and 2024. Advertising services were the Company’s primary revenue driver, accounting for 99.9% and 99.7% of total revenue in these periods. This marginal change was primarily due to: (i) a decrease of approximately $0.1 million in CHEERS e-Mall market service revenue, influenced by the rise of diversified online shopping models like livestream shopping; and (ii) a decrease of approximately $0.1 million in other revenues from customized content production, stemming from increased competition. These reductions were largely offset by an approximately $0.1 million increase in advertising revenues, driven by a higher volume of advertising orders. The Company expects to further expand its customer base by enhancing brand recognition and user traffic, aiming for increased exposure and popularity of its Apps. Operating Expenses Operating expenses consist of cost of revenues, selling and marketing, general and administrative, and research and development expenses. Cost of Revenues increased by approximately $1.9 million, or 9.99%, to $20.8 million for the six months ended June 30, 2025, from approximately $18.9 million in the prior year. This increase was attributable to higher advertising revenues. However, the Company's gross margin decreased primarily due to a reduction in service fees charged to advertising customers. The Company anticipates further increases in advertising revenues through continuous investment in its advertising business. Sales and Marketing Expenses decreased by approximately $2.3 million to $35.3 million for the six months ended June 30, 2025, from approximately $37.6 million in the prior year. This decline was mainly due to reduced promotion service charges, as the Company has scaled back marketing and promotion costs, believing it has gained a strong reputation among its target customers. General and Administrative Expenses decreased from approximately $1.6 million for the six months ended June 30, 2024, to approximately $0.8 million for the six months ended June 30, 2025. This reduction was primarily attributable to an approximately $0.6 million decrease in share-based compensation expenses, as the Company incurred higher expenses in the comparable 2024 period from a restricted share grant in June 2024. Research and Development Expenses were approximately $2.3 million and $1.4 million for the six months ended June 30, 2025 and 2024, respectively. This increase primarily reflects continued investment in IT infrastructure, user-friendliness upgrades, and the ongoing implementation of content-driven strategies. Net Income As a result, the Company reported a net income of $11.2 million for the six months ended June 30, 2025, compared to $12.4 million for the six months ended June 30, 2024. Cash, cash equivalents and working capital The Company’s principal sources of liquidity were cash and cash equivalents of approximately $203.2 million and $197.7 million, respectively, as of June 30, 2025 and December 31, 2024. Working capital as of June 30, 2025 was approximately $284.5 million. About Cheer Holding, Inc. As a preeminent provider of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive digital eco-system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin. Cheer Holding’s portfolio includes a wide range of products and services, such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris Intelligent Cloud, AI-animated short drama series, short video matrix, variety show series, Livestreaming, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements. With “CHEERS+” at the core of Cheer Holding’s digital ecosystem, the Company is committed to utilizing innovative product applications and technologies to drive its long-term sustainable and scalable growth. For more information, please visit http://ir.gsmg.co/. Safe Harbor Statement Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company’s ability to continue successful development and launch of its metaverse experience centers, AI initiatives and technology infrastructure; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment and technological developments, competition, changes in regulation, or other economic and policy factors; disruptions or other business interruptions that may affect the operations of our products and services, the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 10, 2025. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. For investor and media inquiries, please contact: Wealth Financial Services LLC Connie Kang, Partner Email: [email protected] Tel: +86 1381 185 7742 (CN)

BEIJING, May 12, 2025 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced the results of its 2025 Annual General Meeting, which was held on May 12, 2025 in Beijing, China. At the Annual General Meeting, the Company’s shareholders: (1) re-elected Mr. Ke Chen as a Class III director of the Company until the 2028 annual general meeting of the Company or until his respective successors is duly appointed and qualified; (2) ratified the appointment of Enrome LLC as the independent registered public accounting firm of the Company for the financial year ending December 31, 2025; (3) approved to increase the number of authorized Class A ordinary shares of a par value of US$0.001 each (“Class A Shares”) from 200,000,000 to 500,000,000; and (4) approved to authorize the board of directors to implement a share consolidation for the Class A Shares, at such times as it deems appropriate, and in its discretion, to select a ratio of 1-for-10, 1-for-25 or 1-for-50. About Cheer Holding, Inc. As a preeminent provider of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive digital eco-system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin. Cheer Holding’s portfolio includes a wide range of products and services, such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris Intelligent Cloud, AI-animated short drama series, short video matrix, variety show series, Livestreaming, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements. With “CHEERS+” at the core of Cheer Holding’s digital ecosystem, the Company is committed to utilizing innovative product applications and technologies to drive its long-term sustainable and scalable growth. For more information, please visit http://ir.gsmg.co/. Safe Harbor Statement Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company’s ability to continue successful development and launch of its metaverse experience centers; the ability to acquire 60% of the equity interests of Beijing Zhong Ke Zhi Guo Technology Co., Ltd. ; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment and technological developments, competition, changes in regulation, or other economic and policy factors; disruptions or other business interruptions that may affect the operations of our products and services, the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 10, 2025. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release. For investor and media inquiries, please contact: Wealth Financial Services LLCConnie Kang, PartnerEmail: [email protected] Tel: +86 1381 185 7742 (CN)