Cheetah Mobile Operating Revenue Up 9.7% In Q3 2016

Cheetah Mobile’s financial report for the third quarter of 2016 financial year shows that its total operating revenue reached CNY1.128 billion, which was about USD169.2 million, representing a year-on-year increase of 9.7% and an increase of 7.8% compared with the previous quarter.

At the same time, the Chinese mobile security company reported net profit of CNY400,000, which was about USD70,000, marking a year-on-year decrease of 98.5%. In the second quarter of 2016, the company made net losses of CNY150.5 million.

During the third quarter of 2016, Cheetah Mobile’s mobile revenue increased by 26.8% year-on-year to CNY898.2 million, accounting for 79.6% of its total revenue. The company’s overseas revenue increased by 28.9% year-on-year to CNY719.9 million, accounting for 63.8% of its total revenue.

Cheetah Mobile’s online advertising and related businesses realized revenue of CNY986.4 million, a year-on-year increase of 8.9%; and mobile advertising income accounted for 82%. The ratio was 72% in the same period of last year and 78% in the previous quarter.

Cheetah Mobile’s Internet value-added service revenue was CNY110.5 million, an increase of 38.8% over the second quarter. The revenue growth was mainly contributed by the initial commercial operation of Live.me in the overseas market.

Cheetah Mobile’s network security and other businesses contributed CNY31.5 million revenue to the company, a year-on-year increase of 32.3%. The revenue growth was promoted by mobile software licensing growth.

Let’s block ads! (Why?)

ChinaWirelessNews.com