The short drama platform DramaWave's annual recurring revenue (ARR) has exceeded 240 million US dollars, ranking among the top tier of overseas short drama platforms.

Under the DramaWave short drama platform owned by Kunlun Wanwei, since its launch in October 2024, it has continued to maintain strong growth momentum. By the second quarter of 2025, the platform's annual recurring revenue (ARR) exceeded 240 million US dollars, monthly active users had surpassed 10 million, and downloads had exceeded 30 million. The user base successfully entered the top five in the industry, firmly establishing itself in the forefront of the overseas short drama market, becoming Kunlun Wanwei's new overseas market growth engine, providing a solid foundation for sustainable growth in the group's business.