MiniMax Earnings Wow Street! Ultimate Winner of AI Platform Era?
Chinese AI unicorn MiniMax has released its 2025 earnings report, with revenue surging 158.9% year over year to US$79.04 million, far exceeding expectations.
The company’s M2 model series saw average daily token consumption in February 2026 jump 600% compared to the end of last year.
Morgan Stanley and Goldman Sachs promptly raised their price targets to above US$1,000.
Has MiniMax broken the “all hype, no profits” curse surrounding AI models? Could it be the ultimate winner in the next AI platform race?