Overview
Cheetah Mobile Q3 revenue rose 49.6% yr/yr, driven by AI and others segment growth
Company achieved first quarterly operating profit in six years
Net loss for Q3 narrowed from last year
Outlook
Company focuses on growth through investment in AI robots and AI tools
Cheetah Mobile sees AI segment as key growth engine
Company did not provide specific financial guidance for future quarters
Result Drivers
AI SEGMENT GROWTH - AI and others segment revenue increased 150.8% yr/yr, now contributing half of total revenue
AI ROBOT DEMAND - Strong demand for voice-enabled wheel robots and robotic arms supported AI segment performance
AI TOOLS DEVELOPMENT - Co is developing AI-native tools for PC and mobile, enhancing products with AI features
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | RMB 287.40 mln | ||
Q3 Net Income | -RMB 11 mln | ||
Q3 Gross Margin | 74.60% | ||
Q3 Adjusted Gross Margin | 74.60% | ||
Q3 Adjusted Gross Profit | RMB 214.40 mln | ||
Q3 Gross Profit | RMB 214.40 mln |
Analyst Coverage
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 24 three months ago
Press Release: ID:nPn1pWkgWa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)