Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year_老虎社区_美港股上老虎

Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year

Tiger Newspress2021-11-24

Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.

Third Quarter 2021 Consolidated Financial Results

REVENUES

Total revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.

As a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.

Revenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.

Revenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.

COST OF REVENUES AND GROSS PROFIT

Cost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.

Gross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.

Gross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.

OPERATING INCOME/LOSS AND EXPENSES

Total operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.

Research and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.
Selling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.
General and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.

Operating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.

Operating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.
Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.

Share-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

NatYong
·2021-11-24
The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.
回复
3
举报
收起
- keaty:
  many e commerce are actually bleeding. attracted buyers is coz of discounts. long term ..... profitable very few. competitive business
  2021-11-25
  回复
  举报
JCinvest
·2021-11-24
Yup
回复
1
举报
romeocotton
·2021-11-24
Ok
回复
1
举报
AmitS
·2021-11-24
Ok
回复
6
举报
收起
- hitithard:
  Ok
  2021-11-24
  回复
  举报
- AmitS:
  ok
  2021-11-24
  回复
  举报
KLS
·2021-11-24
Buy
回复
6
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1132691323?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-11-24 16:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1132691323","market":"us","top_or_hot":-1,"title":"Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year","media":"Tiger Newspress","content":"<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year\n</h2>\n\n<h4 class=\"meta\">\n\n2021-11-24 16:21 北京时间&nbsp;&nbsp;&nbsp;Tiger Newspress\n\n</h4>\n\n</header>\n<article>\n<div>\nCheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated ...\n\n<a href=\"None\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CMCM","symbol_name":"猎豹移动","start_time":0,"source_url":null,"article_id":"1132691323","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132691323","pubTimestamp":1637742102,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CMCM":"猎豹移动"},"translate_title":"猎豹移动第三季度总收入为人民币1.961亿元，同比下降46.3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMCM":0.9},"content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter.  Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":874833739,"gmtCreate":1637753765425,"gmtModify":1637753790302,"author":{"id":"3580207321438450","authorId":"3580207321438450","name":"NatYong","avatar":"https://static.tigerbbs.com/62b1fa39b2974271d1c06e208f7b3571","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3580207321438450","idStr":"3580207321438450"},"htmlText":"The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.","listText":"The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.","text":"The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874833739","repostId":1132691323,"repostType":4,"repost":{"id":"1132691323","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637742102,"share":"https://www.laohu8.com/m/news/1132691323?lang=&edition=full","pubTime":"2021-11-24 16:21","market":"us","language":"en","title":"Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1132691323","media":"Tiger Newspress","summary":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financi","content":"<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-24 16:21\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCM":"猎豹移动"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132691323","content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter.  Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6716168,"gmtCreate":1637806904908,"gmtModify":1637808343558,"authorId":3578631759891221,"author":{"id":3578631759891221,"idStr":"3578631759891221","authorId":3578631759891221,"name":"keaty","avatar":"https://static.tigerbbs.com/bcf9d00e41b755619a4b4c3eb6f05541","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874833739,"type":1,"supId":0,"prevId":0,"content":"many e commerce are actually bleeding. attracted buyers is coz of discounts. long term ..... profitable very few. competitive business","text":"many e commerce are actually bleeding. attracted buyers is coz of discounts. long term ..... profitable very few. competitive business","html":"many e commerce are actually bleeding. attracted buyers is coz of discounts. long term ..... profitable very few. competitive business"}],"langContent":"CN"},{"id":874185749,"gmtCreate":1637744583431,"gmtModify":1637744583576,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","vip":1,"crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"3585469772373012","idStr":"3585469772373012"},"htmlText":"Yup","listText":"Yup","text":"Yup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874185749","repostId":1132691323,"repostType":4,"repost":{"id":"1132691323","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637742102,"share":"https://www.laohu8.com/m/news/1132691323?lang=&edition=full","pubTime":"2021-11-24 16:21","market":"us","language":"en","title":"Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1132691323","media":"Tiger Newspress","summary":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financi","content":"<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-24 16:21\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCM":"猎豹移动"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132691323","content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter.  Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874183865,"gmtCreate":1637743862085,"gmtModify":1637743862209,"author":{"id":"3581501639420952","authorId":"3581501639420952","name":"romeocotton","avatar":"https://static.tigerbbs.com/d6446d86c992b7236dd843c2d43f4fbb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581501639420952","idStr":"3581501639420952"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874183865","repostId":1132691323,"repostType":4,"repost":{"id":"1132691323","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637742102,"share":"https://www.laohu8.com/m/news/1132691323?lang=&edition=full","pubTime":"2021-11-24 16:21","market":"us","language":"en","title":"Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1132691323","media":"Tiger Newspress","summary":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financi","content":"<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-24 16:21\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCM":"猎豹移动"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132691323","content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter.  Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874112587,"gmtCreate":1637742737760,"gmtModify":1637742737760,"author":{"id":"3576139359058481","authorId":"3576139359058481","name":"AmitS","avatar":"https://static.tigerbbs.com/30b36e4e0298251a0c7c51af5f6291d0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3576139359058481","idStr":"3576139359058481"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874112587","repostId":1132691323,"repostType":4,"repost":{"id":"1132691323","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637742102,"share":"https://www.laohu8.com/m/news/1132691323?lang=&edition=full","pubTime":"2021-11-24 16:21","market":"us","language":"en","title":"Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1132691323","media":"Tiger Newspress","summary":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financi","content":"<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-24 16:21\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCM":"猎豹移动"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132691323","content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter.  Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6705283,"gmtCreate":1637743204956,"gmtModify":1637743204984,"authorId":3570063321997588,"author":{"id":3570063321997588,"idStr":"3570063321997588","authorId":3570063321997588,"name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874112587,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":6705236,"gmtCreate":1637742756156,"gmtModify":1637742756156,"authorId":3576139359058481,"author":{"id":3576139359058481,"idStr":"3576139359058481","authorId":3576139359058481,"name":"AmitS","avatar":"https://static.tigerbbs.com/30b36e4e0298251a0c7c51af5f6291d0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874112587,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":874116379,"gmtCreate":1637742476754,"gmtModify":1637742476990,"author":{"id":"3551655093075927","authorId":"3551655093075927","name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3551655093075927","idStr":"3551655093075927"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874116379","repostId":1132691323,"repostType":4,"repost":{"id":"1132691323","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637742102,"share":"https://www.laohu8.com/m/news/1132691323?lang=&edition=full","pubTime":"2021-11-24 16:21","market":"us","language":"en","title":"Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year","url":"https://stock-news.laohu8.com/highlight/detail?id=1132691323","media":"Tiger Newspress","summary":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financi","content":"<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheetah Mobile reported total revenue of RMB196.1M for Q3, declining 46.3% year-over-year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-11-24 16:21\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<a href=\"https://laohu8.com/S/CMCM\">Cheetah Mobile Inc. </a>, a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company&nbsp;realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business&nbsp;decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021.&nbsp;The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others&nbsp;were&nbsp;RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses&nbsp;decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n<ul>\n <li>Research and developmentexpenses&nbsp;decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter. &nbsp;Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.</li>\n <li>Selling and marketing expenses&nbsp;decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter.&nbsp;Non-GAAP selling and marketing expenses&nbsp;decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.</li>\n <li>General and administrative expenses&nbsp;decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.</li>\n</ul>\nOperating loss&nbsp;wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n<ul>\n <li>Operating profit for the internet business&nbsp;wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.</li>\n <li>Operating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.</li>\n</ul>\nShare-based compensation expenses&nbsp;wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMCM":"猎豹移动"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132691323","content_text":"Cheetah Mobile Inc. , a leading internet company, today announced its unaudited consolidated financial results for the third quarter 2021 endedSeptember 30, 2021.\nThird Quarter 2021 Consolidated Financial Results\nREVENUES\nTotal revenues wereRMB196.1 million(US$30.4 million) in the third quarter of 2021, representing a decrease of 46.3% year over year and 7.4% quarter over quarter.\nAs a result of the Company's ongoing business streamlining efforts, the Company realignedits segments based on the change of the way that the managementassessedthe Company's segment performance. The Company's overseas advertising agency services, which assists domestic companies to launch advertisement on overseas advertising platforms, are changed from the Internet business into AI and others due to the synergies created between the Company's advertising agency services and global cloud services. Consequently, the Company has retrospectively revised segment information and related revenue presentation to conform to the change in the Company's segments.\nRevenues from the Company's internet business decreased by 50.8% year over year and 15.5% quarter over quarter toRMB160.5 million(US$24.9 million) in the third quarter of 2021. The year-over-year decrease was due to the Company's strategic efforts to diminish the game-related business in past quarters. The quarter-over-quarter decrease was mainly because revenue in the second quarter of 2021 was temporarily increased due toJune 18promotional events and no such promotional event occurred in the third quarter of 2021.\nRevenues from the AI and others were RMB35.6 million(US$5.5 million) in the third quarter of 2021, representing a 8.8% year-over-year decrease and a 62.8% quarter-over-quarter increase. The year-over-year decline was primarily attributable to the drop in sales of AI-related hardware products. The quarter-over-quarter increase was from our shopping-mall coupon-selling robots business as well as our global cloud services.\nCOST OF REVENUES AND GROSS PROFIT\nCost of revenuesdecreased by 34.5% year over year and increased by 47.1% quarter over quarter toRMB74.4 million(US$11.5 million) in the third quarter of 2021. The year-over-year decrease was primarily due to the decreased revenue. The quarter-over-quarter increase was due to increased spending over AI related business.Non-GAAP cost of revenuesdecreased by 34.5% year over year and increased by 47.7% quarter over quarter toRMB74.2 million(US$11.5 million) in the third quarter of 2021.\nGross profitdecreased by 51.6% year over year and 24.5% quarter over quarter toRMB121.7 million(US$18.9 million) in the third quarter of 2021.Non-GAAP gross profitdecreased by 51.6% year over year and decreased 24.5% quarter over quarter toRMB121.9 million(US$18.9 million) in the third quarter of 2021.\nGross marginwas 62.1% in the third quarter of 2021, compared to 68.9% in the third quarter of 2020 and 76.1% in the second quarter of 2021.Non-GAAP gross marginwas 62.2% in the third quarter of 2021, compared to 69.0% in the third quarter of 2020 and 76.3% in the second quarter of 2021.\nOPERATING INCOME/LOSS AND EXPENSES\nTotal operating expenses decreased by 51.0% year over year and by 15.9% quarter over quarter toRMB184.9 million(US$28.7 million) in the third quarter of 2021.Total non-GAAP operating expensesdecreased by 51.3% year over year and by 17.2% quarter over quarter toRMB180.4 million(US$28.0 million) in the third quarter of 2021.\n\nResearch and developmentexpenses decreased by 52.9% year over year and increased by 17.2% quarter over quarter toRMB55.4 million(US$8.6 million) in the third quarter of 2021. The year-over-year decrease was mainly due to the deconsolidation of certain mobile game business in prior year. Our investment in research and development has been keeping flat. The quarter-over-quarter change was mainly due to less government grants in this quarter.  Non-GAAP research and development expensesdecreased by 53.7% year over year and increased 10.5% quarter over quarter toRMB52.0 million(US$8.1 million) in the third quarter of 2021.\nSelling and marketing expenses decreased by 48.3% year over year and 29.8% quarter over quarter toRMB85.6 million(US$13.3 million) in the third quarter of 2021. This year-over-year decrease was attributable to the streamlining of our business and the strategic reduction of our costs. While the quarter-over-quarter decrease was mostly because we incurred incremental promotion expenses for theJune 18promotional events in the second quarter. Non-GAAP selling and marketing expenses decreased by 49.0% year over year and 30.0% quarter over quarter toRMB85.0 million(US$13.2 million) in the third quarter of 2021.\nGeneral and administrative expenses decreased by 46.5% year over year and 8.1% quarter over quarter toRMB48.7 million(US$7.6 million) in the third quarter of 2021. The decrease was mainly due to the our business operation streamlining and the effective expense control.Non-GAAP general and administrative expensesdecreased by 45.5% year over year and 6.7% quarter over quarter toRMB48.1 million(US$7.5 million) in the third quarter of 2021.\n\nOperating loss wasRMB63.2 million(US$9.8 million) in the third quarter of 2021, compared toRMB126.0 millionin the same period of the last year andRMB58.8 millionin the second quarter of 2021.Non-GAAP operating losswasRMB58.5 million(US$9.1 million) in the third quarter of 2021, compared toRMB118.9 millionin the same period of the last year andRMB56.4 millionin the second quarter of 2021.\n\nOperating profit for the internet business wasRMB1.8 millionin the third quarter of 2021, compared to an operating profit ofRMB64.2 millionin the same period last year and operating loss ofRMB8.2 millionin the second quarter of 2021.\nOperating loss for AI and otherswasRMB60.3 millionin the third quarter of 2021, compare with an operating loss ofRMB183.1 millionin the same period last year and an operating loss ofRMB48.3 millionin the second quarter of 2021.\n\nShare-based compensation expenses wereRMB4.7 million(US$0.7 million) in the third quarter of 2021, compared toRMB7.1 millionin the same period of the last year andRMB2.4 millionin the second quarter of 2021.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":20,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}