DramaWave
Key facts
- Operator / parent
- Kunlun Tech (昆仑万维), SZSE 300418, which also runs Skywork AI
- Origin
- China
- Headquarters
- Beijing
- Launched
- September/October 2024
- Category
- App · Global (China-origin)
DramaWave is the paid vertical-drama app of Kunlun Tech, a Shenzhen-listed Chinese internet group. It sells a VIP subscription, coins and advertising in the United States, Canada, the United Kingdom, Germany and France, in 17 languages. Because its parent is listed, it is among the better-documented operators in the field. Kunlun reports it together with its free sibling app FreeReels, and gave combined annualised revenue of more than $570m as of March 2026.
DramaWave revenue and key figures
Reported revenue: segment revenue CNY 167m (about $23m) in FY2024 (official, Kunlun Tech filing)
| Metric | Figure | Basis | Source |
|---|---|---|---|
| Revenue | segment revenue CNY 167m (about $23m) in FY2024 | official | Kunlun Tech filing |
| Annual recurring revenue | more than $570m combined with FreeReels as of March 2026 | official | Kunlun Tech disclosure |
| Downloads | 53m cumulative (April 2025) | estimate | Sensor Tower |
| Downloads | more than 30m | company | Kunlun Tech |
| Monthly active users | more than 10m; more than 80m combined with FreeReels | company | Kunlun Tech |
Profile
- Markets
- United States, Canada, United Kingdom, Germany and France; 17 languages.
- Content
- Licensed and translated titles, moving to heavy AI production with SkyReels.
- Genres
- Female-skewed romance, heiress revenge, CEO.
- Monetisation
- VIP subscription, coin in-app purchases and advertising.
- Profitability
- Segment profitability is not disclosed. The parent posted an FY2025 net loss of about CNY 1.59bn, per official filings.
- Backers
- Cross-promotion with Opera, which reports 288m monthly active users.
People
- Zhou Yahui (周亚辉) — Founder, Chairman and controlling shareholder, Kunlun Tech (昆仑万维)
- Fang Han (方汉) — Chairman and CEO; co-founder