DatVietVAC IPO at 54,800 VND: Audited 2025 Profit Up 35% vs Rival Yeah1 (YEG)
This Aveluro analysis covers YEG in the Truyền thông sector. The classified event type is ipo, with neutral sentiment and a deterministic market-impact score of 6.0/10. Source coverage came from Tuổi Trẻ - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
DatVietVAC, the production company behind the popular show ‘Anh trai say hi’, has released its audited 2025 financial statements ahead of an IPO at 54,800 VND per share. The company reported pre-tax profit of 308 billion VND, up 35% year-on-year, despite a slight revenue decline. The IPO filing also highlights competitive pressures from listed rival Yeah1 (YEG) and other industry players.
Key Facts
- DatVietVAC IPO price set at 54,800 VND per share.
- Audited 2025 revenue: 3,496 billion VND, down 8.5% year-on-year.
- Pre-tax profit 2025: 308 billion VND, up 35% from 2024.
- Advertising time sales contributed 1,413 billion VND (40% of total revenue).
- Artist management revenue reached 559.2 billion VND, up 77% year-on-year.
- Rival Yeah1 (YEG) reported 2025 revenue of 1,639 billion VND and pre-tax profit of 94.6 billion VND.
- DatVietVAC’s Q1 2026 revenue was 625 billion VND, down 17% year-on-year; pre-tax profit flat at 13.8 billion VND.
What Happened
DatVietVAC, the company behind hit entertainment shows such as ‘Anh trai say hi’, has published its audited 2025 financial statements and IPO prospectus. The IPO price is set at 54,800 VND per share. According to the filing, the company’s 2025 revenue fell 8.5% to 3,496 billion VND, but pre-tax profit rose 35% to 308 billion VND, driven by a sharper decline in cost of goods sold. The largest revenue source was advertising time sales (1,413 billion VND), followed by artist management (559.2 billion VND, up 77%).
The prospectus explicitly names Yeah1 (YEG), Cát Tiên Sa, and POPS Worldwide as domestic competitors in content production, and international firms like Universal Music and Warner Music Group in artist management. For comparison, Yeah1 reported 2025 revenue of 1,639 billion VND and pre-tax profit of 94.6 billion VND, meaning DatVietVAC’s revenue was roughly double and profit about three times that of its listed rival.
Market Context
Yeah1 (YEG) trades on HOSE at 8,720 VND as of July 10, 2026, down 2.02% on the day with volume of 840,300 shares. The stock has faced headwinds amid rising competition in Vietnam’s entertainment sector. DatVietVAC’s IPO comes at a time when investor sentiment toward media stocks is mixed, with YEG’s recent price action reflecting sector challenges. The IPO pricing at 54,800 VND implies a significant premium to YEG’s current valuation, which may test market appetite.
Strategic Significance
DatVietVAC’s IPO provides a rare direct investment opportunity in Vietnam’s high-growth entertainment production space. The company’s ability to grow profit despite revenue decline suggests improving operational efficiency, particularly in artist management. However, the prospectus highlights intense competition from both domestic and international players. The success of the IPO will depend on investors’ confidence in DatVietVAC’s content pipeline and its ability to sustain margins amid rising costs and competition.
What to Watch
- IPO subscription results and listing date on HOSE or HNX.
- Q2 2026 earnings for DatVietVAC to confirm if Q1 revenue decline is temporary.
- Yeah1 (YEG) upcoming quarterly results and any strategic response.
- Regulatory approval timeline for the IPO.
- Competitive landscape developments, including new show launches by rivals.