Insta360, the Chinese rival of GoPro, recorded a 90 per cent jump in third-quarter revenue from a year earlier, as China’s leading maker of 360-degree and action cameras prepares to square off against drone giant DJI by the end of 2025.
Shenzhen-based Insta360 said its revenue in the September quarter grew 92.64 per cent to 2.94 billion yuan (US$413 million), according to the company’s filing to the Shanghai Stock Exchange on Monday.
Net income for the period shrank 15.9 per cent to 271.9…