Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2024 Unaudited Consolidated Financial Results
PR Newswire
BEIJING, March 26, 2025
BEIJING, March 26, 2025 /PRNewswire/ -- Cheetah Mobile Inc. $(CMCM)$ ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the quarter and fiscal year ended December 31, 2024.
Management Commentary
Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "In Q4, our total revenue accelerated robustly, demonstrating our commitment to high-quality growth and ongoing business turnaround. With the momentum of LLMs, we entered 2025 with tremendous opportunities, including the upcoming launch of AgentOS, our next-generation voice interaction system for service robots, which further strengthens our leadership in voice-enabled robotics. By focusing on scalable robotics solutions and leveraging our strong product technology, we are well-positioned to become a top 3 service robot provider globally within three years. Meanwhile, our legacy Internet business continues to drive strong revenue growth and margin expansion on a year-over-year basis, providing a solid foundation for our AI and robotics investments."
Mr. Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "In Q4, our revenue once again accelerated year-over-year, and we reduced our non-GAAP operating losses quarter-over-quarter. Furthermore, Q4 was the first quarter in which we reduced our non-GAAP operating losses on a year-over-year basis since 4Q 2022. These improvements reflect our continued business progress since Q1 2024. Additionally, we delivered strong cash flow this quarter. Looking ahead, we remain focused on driving revenue growth while working towards breakeven and profitability. At the same time, we will continue to manage our net cash position with discipline."
Fourth Quarter 2024 Financial Highlight
-- Total revenues grew by 41.7% year-over-year and 23.4%
quarter-over-quarter, accelerating to RMB237.1 million (US$32.5 million)
in the fourth quarter of 2024.
-- Gross profit increased by 74.4% year-over-year and 32.5%
quarter-over-quarter, to RMB172.8 million (US$23.7 million) in the fourth
quarter of 2024. Non-GAAP gross profit rose by 73.8% year-over-year and
32.1% quarter-over-quarter to RMB172.3 million (US$23.6 million).
-- Operating loss in the fourth quarter of 2024 was RMB207.1 million
(US$28.4 million), compared to RMB60.9 million in the same period of last
year and RMB72.0 million in the previous quarter. Non-GAAP operating loss
in the fourth quarter of 2024 improved to RMB42.5 million (US$5.8
million) from RMB49.1 million in the same period of last year and RMB60.5
million in the previous quarter.
-- Net loss attributable to Cheetah Mobile Shareholders was RMB366.8 million
(US$50.2 million), compared to RMB301.2 million in the same period of
last year. Non-GAAP net loss attributable to Cheetah Mobile shareholders
was RMB202.1 million (US$27.7 million), compared to RMB289.4 million in
the same period of last year.
-- Cash flow generated by operating activities was RMB283.0 million (US$38.8
million) in the fourth quarter of 2024.
-- As of December 31, 2024, the Company had cash and cash equivalents of
RMB1,833.0 million (US$251.1 million), ensuring strong liquidity.
-- As of December 31, 2024, the Company had long-term investments of
RMB817.3 million (US$112.0 million).
Fiscal Year 2024 Financial Highlight
-- Total revenues grew by 20.5% year-over-year to RMB806.9 million (US$110.5
million) in 2024.
-- Gross profit rose by 24.6% year-over-year to RMB545.2 million (US$74.7
million). Non-GAAP gross profit rose by 24.5% year-over-year to RMB545.3
million (US$74.7 million).
-- Operating loss was RMB437.3 million (US$59.9 million) in 2024, compared
to RMB209.8 million in 2023. Non-GAAP operating loss was RMB231.8 million
(US$31.8 million) in 2024, compared to RMB171.9 million in 2023.
-- Net loss attributable to Cheetah Mobile shareholders was RMB617.6 million
(US$84.6 million), compared to RMB602.9 million in 2023. Non-GAAP net
loss attributable to Cheetah Mobile shareholders improved to RMB412.1
million (US$56.5 million) in 2024 from RMB564.9 million in 2023.
Conference Call Information
The Company will hold a conference call on March 26, 2025, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers:
Main Line:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: 4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 5690589
English Translation:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: 4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 0936457
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com.
Exchange Rate
This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB7.2993 to US$1.00, the exchange rate in effect as of December 31, 2024, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP").
About Cheetah Mobile Inc.
Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has attracted hundreds of millions of users through an array of internet products and services on PCs and mobile devices. At the same time, it actively engages in the independent research and development of AI technologies, including LLM technologies. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as service robots to international clients. Cheetah Mobile is also committed to leveraging its cutting-edge AI technologies, including LLM technologies, to empower its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.
Safe Harbor Statement
This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Use of Non-GAAP Financial Measures
This release contains non-GAAP financial measures, including but not limited to:
-- Non-GAAP cost of revenues excludes share-based compensation expenses;
-- Non-GAAP gross profit excludes share-based compensation expenses;
-- Non-GAAP gross margin excludes share-based compensation expenses;
-- Total non-GAAP operating expenses exclude share-based compensation
expenses, amortization of intangible assets and impairment of goodwill
resulting from business acquisitions;
-- Non-GAAP research and development expenses exclude share-based
compensation expenses, amortization of intangible assets resulting from
business acquisitions;
-- Non-GAAP selling and marketing expenses exclude share-based compensation
expenses and amortization of intangible assets resulting from business
acquisitions;
-- Non-GAAP general and administrative expenses exclude share-based
compensation expenses;
-- Non-GAAP operating profit/loss excludes share-based compensation expenses,
amortization of intangible assets and impairment of goodwill resulting
from business acquisitions;
-- Non-GAAP net income/loss attributable to Cheetah Mobile shareholders
excludes share-based compensation expenses, amortization of intangible
assets and impairment of goodwill resulting from business acquisitions;
-- Non-GAAP diluted earnings/losses per ADS excludes share-based
compensation expenses, amortization of intangible assets and impairment
of goodwill resulting from business acquisitions; and
-- Non-GAAP adjusted EBITDA represents net loss attributable to Cheetah
Mobile shareholders excluding share-based compensation, interest income,
depreciation and amortization, impairment of goodwill, net income
attributable to noncontrolling interests, other income/expenses, net and
income tax expenses/benefits.
The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results".
Investor Relations Contact
Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com
CHEETAH MOBILE INC. Condensed Consolidated Balance Sheets (Unaudited,
amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))
As of
-----------------------------------------
December 31, 2023 December 31, 2024
----------------- ----------------------
RMB RMB USD
ASSETS
Current assets:
Cash and cash equivalents 2,020,191 1,833,031 251,124
Short-term investments 1,023 335 46
Accounts receivable, net 401,064 473,619 64,886
Prepayments and other current
assets, net 973,127 1,365,761 187,108
Due from related parties, net 71,505 106,934 14,650
----------------- ----------- ---------
Total current assets 3,466,910 3,779,680 517,814
----------------- ----------- ---------
Non-current assets:
Property and equipment, net 53,884 51,564 7,064
Operating lease right-of-use
assets 30,451 26,323 3,606
Intangible assets, net 218,559 190,665 26,121
Goodwill 576,989 424,099 58,101
Long-term investments 937,460 817,330 111,974
Deferred tax assets 188,503 128,581 17,616
Other non-current assets 160,428 86,059 11,790
----------------- ----------- ---------
Total non-current assets 2,166,274 1,724,621 236,272
----------------- ----------- ---------
Total assets 5,633,184 5,504,301 754,086
================= =========== =========
LIABILITIES, MEZZANINE EQUITY
AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank loans 5,000 - -
Accounts payable 170,185 219,566 30,080
Accrued expenses and other
current liabilities 2,437,210 2,756,805 377,681
Due to related parties 84,147 69,606 9,536
Income tax payable 31,603 35,804 4,905
----------------- ----------- ---------
Total current liabilities 2,728,145 3,081,781 422,202
----------------- ----------- ---------
Non-current liabilities:
Deferred tax liabilities 54,540 43,046 5,897
Other non-current liabilities 189,943 172,348 23,612
----------------- ----------- ---------
Total non-current liabilities 244,483 215,394 29,509
----------------- ----------- ---------
Total liabilities 2,972,628 3,297,175 451,711
----------------- ----------- ---------
Mezzanine equity:
Redeemable noncontrolling
interests 105,978 189,725 25,992
Shareholders' equity:
Ordinary shares 244 248 34
Additional paid-in capital 2,711,875 2,722,504 372,982
Accumulated deficit (613,102) (1,232,575) (168,862)
Accumulated other comprehensive
income 356,854 410,421 56,227
----------------- ----------- ---------
Total Cheetah Mobile Inc.
shareholders' equity 2,455,871 1,900,598 260,381
Noncontrolling interests 98,707 116,803 16,002
----------------- ----------- ---------
Total shareholders' equity 2,554,578 2,017,401 276,383
----------------- ----------- ---------
Total liabilities, mezzanine
equity and shareholders'
equity 5,633,184 5,504,301 754,086
================= =========== =========
CHEETAH MOBILE INC. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, amounts in thousands
of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and per share(or ADS) data)
For The Three Months Ended For The Year Ended
------------------------------------------- -------------------------------------------
December 31, December 31, December 31, December 31, December 31, December 31,
2023 2024 2024 2023 2024 2024
------------- ------------- ------------- ------------- ------------- -------------
RMB RMB USD RMB RMB USD
Revenues 167,314 237,089 32,481 669,503 806,877 110,541
Internet
business 107,711 160,152 21,941 450,134 517,188 70,854
AI and others 59,603 76,937 10,540 219,369 289,689 39,687
Cost of revenues (a) (68,243) (64,317) (8,811) (231,940) (261,682) (35,850)
------------- ------------- ------------- ------------- ------------- -------------
Gross profit 99,071 172,772 23,670 437,563 545,195 74,691
Operating income
and expenses:
Research and
development (a) (39,584) (65,506) (8,974) (178,207) (243,391) (33,344)
Selling and
marketing (a) (56,746) (104,851) (14,365) (242,511) (342,421) (46,911)
General and
administrative (a) (63,502) (56,281) (7,710) (229,549) (244,385) (33,481)
Impairment of
goodwill - (152,890) (20,946) - (152,890) (20,946)
Other operating
(expense)/ income,
net (186) (377) (52) 2,867 637 87
------------- ------------- ------------- ------------- ------------- -------------
Total operating
income and
expenses (160,018) (379,905) (52,047) (647,400) (982,450) (134,595)
Operating loss (60,947) (207,133) (28,377) (209,837) (437,255) (59,904)
Other
income/(expenses):
Interest income, net 15,828 9,862 1,351 60,978 44,422 6,086
Foreign exchange
gains/ (losses) 17,408 (32,236) (4,416) (11,421) (21,726) (2,976)
Other expense, net (321,244) (82,300) (11,275) (477,370) (139,769) (19,148)
------------- ------------- ------------- ------------- ------------- -------------
Loss before taxes (348,955) (311,807) (42,717) (637,650) (554,328) (75,942)
Income tax benefits/
(expenses) 47,760 (51,064) (6,996) 43,781 (47,258) (6,474)
------------- ------------- ------------- ------------- ------------- -------------
Net loss (301,195) (362,871) (49,713) (593,869) (601,586) (82,416)
Less: net income
attributable to
noncontrolling
interests 18 3,913 536 9,029 15,971 2,188
------------- ------------- ------------- ------------- ------------- -------------
Net loss
attributable to
Cheetah Mobile
shareholders (301,213) (366,784) (50,249) (602,898) (617,557) (84,604)
============= ============= ============= ============= ============= =============
Net loss per share
Basic (0.2046) (0.2438) (0.0334) (0.4095) (0.4161) (0.0570)
Diluted (0.2047) (0.2439) (0.0334) (0.4100) (0.4162) (0.0570)
Net loss per ADS
Basic (10.2312) (12.1907) (1.6700) (20.4740) (20.8042) (2.8500)
Diluted (10.2358) (12.1947) (1.6700) (20.4977) (20.8097) (2.8500)
Weighted average
number of shares
outstanding
Basic 1,493,550,095 1,512,707,145 1,512,707,145 1,472,615,281 1,503,054,847 1,503,054,847
Diluted 1,493,550,095 1,512,707,145 1,512,707,145 1,472,615,281 1,503,054,847 1,503,054,847
Weighted average
number of ADSs
outstanding
Basic 29,871,002 30,254,143 30,254,143 29,452,306 30,061,097 30,061,097
Diluted 29,871,002 30,254,143 30,254,143 29,452,306 30,061,097 30,061,097
Other comprehensive
(loss)/income, net
of tax of nil
Foreign currency
translation
adjustments (29,112) 51,667 7,078 45,769 49,045 6,719
Unrealized
gains/(loss) on
available-for-sale
securities, net - 7,277 997 (43,494) 2,642 362
------------- ------------- ------------- ------------- ------------- -------------
Other comprehensive
(loss)/ income (29,112) 58,944 8,075 2,275 51,687 7,081
------------- ------------- ------------- ------------- ------------- -------------
Total comprehensive
loss (330,307) (303,927) (41,638) (591,594) (549,899) (75,335)
------------- ------------- ------------- ------------- ------------- -------------
Less: Total
comprehensive
income attributable
to noncontrolling
interests 686 2,199 301 8,398 14,089 1,930
------------- ------------- ------------- ------------- ------------- -------------
Total comprehensive
loss attributable
to Cheetah Mobile
shareholders (330,993) (306,126) (41,939) (599,992) (563,988) (77,265)
============= ============= ============= ============= ============= =============
For The Three Months Ended For The Year Ended
---------------------------- ----------------------------
December December December December December December
31, 31, 31, 31, 31, 31,
2023 2024 2024 2023 2024 2024
-------- -------- -------- -------- -------- --------
(a) Share-based
compensation
expenses RMB RMB USD RMB RMB USD
Cost of revenues 71 (460) (63) 370 81 11
Research and
development (426) 1,280 175 580 1,924 264
Selling and
marketing 72 (495) (68) 509 (662) (91)
General and
administrative 7,714 4,819 660 32,095 24,758 3,392
-------- -------- -------- -------- -------- --------
Total 7,431 5,144 704 33,554 26,101 3,576
======== ======== ======== ======== ======== ========
CHEETAH MOBILE INC.
Reconciliation of GAAP and Non-GAAP Results
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data)
For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024
---------------------------------------------------------------------- -----------------------------------------------------------------------
Amortization Amortization
GAAP Share-based of Impairment Non-GAAP GAAP Share-based of Impairment Non-GAAP
intangible of intangible of
Result Compensation assets* goodwill Result Result Compensation assets* goodwill Result
--------- ------------ ------------ ---------- ------------------- --------- ------------ ------------ ---------- --------------------
RMB RMB RMB RMB RMB USD RMB RMB RMB RMB RMB USD
Revenues 237,089 - - - 237,089 32,481 806,877 - - - 806,877 110,541
Cost of
revenues (64,317) (460) - - (64,777) (8,874) (261,682) 81 - - (261,601) (35,839)
--------- ------------ ------------ ---------- --------- -------- --------- ------------ ------------ ---------- --------- ---------
Gross profit 172,772 (460) - - 172,312 23,607 545,195 81 - - 545,276 74,702
Research and
development (65,506) 1,280 6,156 - (58,070) (7,956) (243,391) 1,924 24,624 - (216,843) (29,708)
Selling and
marketing (104,851) (495) 469 - (104,877) (14,369) (342,421) (662) 1,876 - (341,207) (46,746)
General and
administrative (56,281) 4,819 - - (51,462) (7,050) (244,385) 24,758 - - (219,627) (30,089)
Impairment of
goodwill (152,890) - - 152,890 - - (152,890) - - 152,890 - -
Other operating
(loss) income,
net (377) - - - (377) (52) 637 - - - 637 87
--------- ------------ ------------ ---------- --------- -------- --------- ------------ ------------ ---------- --------- ---------
Total operating
income and
expenses (379,905) 5,604 6,625 152,890 (214,786) (29,427) (982,450) 26,020 26,500 152,890 (777,040) (106,456)
Operating loss (207,133) 5,144 6,625 152,890 (42,474) (5,820) (437,255) 26,101 26,500 152,890 (231,764) (31,754)
Net loss
attributable
to Cheetah
Mobile
shareholders (366,784) 5,144 6,625 152,890 (202,125) (27,692) (617,557) 26,101 26,500 152,890 (412,066) (56,454)
Diluted losses
per ordinary
share (RMB) (0.2439) 0.0034 0.0044 0.1011 (0.1350) (0.4162) 0.0174 0.0176 0.1017 (0.2795)
Diluted losses
per ADS (RMB) (12.1947) 0.1700 0.2200 5.0547 (6.7500) (20.8097) 0.8700 0.8800 5.0847 (13.9750)
Diluted losses
per ADS $(USD)$ (1.6700) 0.0233 0.0301 0.6919 (0.9247) (2.8500) 0.1192 0.1206 0.6956 (1.9146)
* This represents amortization of intangible assets resulting from business acquisitions.
For The Three Months Ended December 31, 2023 For The Year Ended December 31, 2023
------------------------------------------------ ------------------------------------------------
Amortization Amortization
GAAP Share-based of Non-GAAP GAAP Share-based of Non-GAAP
intangible intangible
Result Compensation assets* Result Result Compensation assets* Result
--------- ------------ ------------ --------- --------- ------------ ------------ ---------
RMB RMB RMB RMB RMB RMB RMB RMB
Revenues 167,314 - - 167,314 669,503 - - 669,503
Cost of
revenues (68,243) 71 - (68,172) (231,940) 370 - (231,570)
--------- ------------ ------------ --------- --------- ------------ ------------ ---------
Gross profit 99,071 71 - 99,142 437,563 370 - 437,933
Research and
development (39,584) (426) 4,104 (35,906) (178,207) 580 4,104 (173,523)
Selling and
marketing (56,746) 72 313 (56,361) (242,511) 509 313 (241,689)
General and
administrative (63,502) 7,714 - (55,788) (229,549) 32,095 - (197,454)
Other operating
(loss) income,
net (186) - - (186) 2,867 - - 2,867
--------- ------------ ------------ --------- --------- ------------ ------------ ---------
Total operating
income and
expenses (160,018) 7,360 4,417 (148,241) (647,400) 33,184 4,417 (609,799)
Operating loss (60,947) 7,431 4,417 (49,099) (209,837) 33,554 4,417 (171,866)
Net loss
attributable
to Cheetah
Mobile
shareholders (301,213) 7,431 4,417 (289,365) (602,898) 33,554 4,417 (564,927)
Diluted losses
per ordinary
share (RMB) (0.2047) 0.0050 0.0029 (0.1968) (0.4100) 0.0228 0.0030 (0.3842)
Diluted losses
per ADS (RMB) (10.2358) 0.2500 0.1458 (9.8400) (20.4977) 1.1393 0.1499 (19.2085)
CHEETAH MOBILE INC.
Information about Segment
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for percentage)
For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024
------------------------------------------------------ ------------------------------------------------------
Internet AI and Internet AI and
Business others Unallocated* Consolidated Business others Unallocated* Consolidated
-------- --------- ------------ ------------------- -------- --------- ------------ -------------------
RMB RMB RMB RMB USD RMB RMB RMB RMB USD
Revenue 160,152 76,937 - 237,089 32,481 517,188 289,689 - 806,877 110,541
Operating
profit/(loss) 26,207 (228,196) (5,144) (207,133) (28,377) 62,833 (473,987) (26,101) (437,255) (59,904)
Operating
margin 16.4 % (296.6) % - (87.4) % (87.4) % 12.1 % (163.6) % - (54.2) % (54.2) %
For The Three Months Ended December 31, 2023 For The Year Ended December 31, 2023
----------------------------------------------- -----------------------------------------------
Internet AI and Internet AI and
Business others Unallocated* Consolidated Business others Unallocated* Consolidated
-------- --------- ------------ ------------ -------- --------- ------------ ------------
RMB RMB RMB RMB RMB RMB RMB RMB
Revenue 107,711 59,603 - 167,314 450,134 219,369 - 669,503
Operating
profit/(loss) 9,488 (63,004) (7,431) (60,947) 26,259 (202,542) (33,554) (209,837)
Operating
margin 8.8 % (105.7) % - (36.4) % 5.8 % (92.3) % - (31.3) %
*Unallocated expenses refer to SBC expenses that are not allocated to individual segments.
CHEETAH MOBILE INC. Reconciliation from Net Loss Attributable to Cheetah Mobile
Shareholders to Adjusted EBITDA (Non-GAAP) (Unaudited, amounts in thousands of Renminbi
("RMB") and US dollars ("US$"))
For The Three Months Ended For The Year Ended
------------------------------ ----------------------------------
December
December December 31, December December December 31,
31, 2023 31, 2024 2024 31, 2023 31, 2024 2024
--------- --------- -------- --------- --------- ------------
RMB RMB USD RMB RMB USD
Net loss attributable
to Cheetah Mobile
shareholders (301,213) (366,784) (50,249) (602,898) (617,557) (84,604)
Add:
Income tax
(benefits)/expenses (47,760) 51,064 6,996 (43,781) 47,258 6,474
Interest income, net (15,828) (9,862) (1,351) (60,978) (44,422) (6,086)
Depreciation and
other amortization 11,275 14,619 2,003 35,262 51,453 7,049
Net income
attributable to
noncontrolling
interests 18 3,913 536 9,029 15,971 2,188
Other expense 303,836 114,536 15,691 488,791 161,495 22,124
Share-based
compensation 7,431 5,144 704 33,554 26,101 3,576
Impairment of
goodwill - 152,890 20,946 - 152,890 20,946
--------- --------- -------- --------- --------- ------------
Adjusted EBITDA (42,241) (34,480) (4,724) (141,021) (206,811) (28,333)
--------- --------- -------- --------- --------- ------------
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SOURCE Cheetah Mobile
(END) Dow Jones Newswires
March 26, 2025 04:31 ET (08:31 GMT)
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