Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2024 Unaudited Consolidated Financial Results

Rhea-AI Summary

Cheetah Mobile (NYSE: CMCM) has released its Q4 and fiscal year 2024 financial results, showing significant growth. Q4 total revenues increased by 41.7% year-over-year to RMB237.1 million (US$32.5 million), while gross profit rose 74.4% to RMB172.8 million.

Despite revenue growth, the company reported a Q4 operating loss of RMB207.1 million (US$28.4 million) and a net loss of RMB366.8 million. For fiscal year 2024, total revenues grew 20.5% to RMB806.9 million, though operating loss increased to RMB437.3 million.

The company maintains strong liquidity with cash and cash equivalents of RMB1,833.0 million (US$251.1 million). Cheetah Mobile is focusing on AI innovation, including the upcoming launch of AgentOS, a voice interaction system for service robots, aiming to become a top 3 service robot provider globally within three years.

Positive

• Revenue growth accelerated 41.7% YoY in Q4 2024
• Gross profit increased 74.4% YoY in Q4 2024
• Strong cash position of US$251.1 million
• Generated positive operating cash flow of RMB283.0 million in Q4
• Non-GAAP operating loss improved YoY for first time since Q4 2022

Negative

• Operating loss widened to RMB207.1 million in Q4 2024
• Net loss increased to RMB366.8 million in Q4 2024
• Full-year operating loss doubled to RMB437.3 million in 2024
• Non-GAAP operating loss increased YoY for full-year 2024

Insights

Financial Analyst

Cheetah Mobile's Q4 2024 results demonstrate notable acceleration in revenue growth, achieving a 41.7% year-over-year and 23.4% quarter-over-quarter increase to RMB237.1 million (US$32.5 million). Gross profit showed even stronger momentum, jumping 74.4% year-over-year to RMB172.8 million (US$23.7 million).

What's particularly significant is the Q4 improvement in non-GAAP operating loss, which decreased to RMB42.5 million (US$5.8 million) from RMB49.1 million in Q4 2023 - marking the first year-over-year reduction since Q4 2022. The company also generated robust operating cash flow of RMB283.0 million (US$38.8 million) in Q4, maintaining a strong liquidity position with RMB1,833.0 million (US$251.1 million) in cash and cash equivalents.

However, these improvements are counterbalanced by widening full-year losses. The 2024 operating loss expanded to RMB437.3 million (US$59.9 million) from RMB209.8 million in 2023, while net loss attributable to shareholders increased slightly to RMB617.6 million (US$84.6 million).

The financial picture suggests CMCM is investing heavily in AI and robotics initiatives, including the upcoming AgentOS voice interaction system, while using cash flow from its legacy Internet business to fund these growth opportunities. The Q4 trajectory shows promising signs of potential path to profitability, but substantial challenges remain in scaling new ventures while managing increased operating costs.

BEIJING, March 26, 2025 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the quarter and fiscal year ended December 31, 2024.

Management Commentary

Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "In Q4, our total revenue accelerated robustly, demonstrating our commitment to high-quality growth and ongoing business turnaround. With the momentum of LLMs, we entered 2025 with tremendous opportunities, including the upcoming launch of AgentOS, our next-generation voice interaction system for service robots, which further strengthens our leadership in voice-enabled robotics. By focusing on scalable robotics solutions and leveraging our strong product technology, we are well-positioned to become a top 3 service robot provider globally within three years. Meanwhile, our legacy Internet business continues to drive strong revenue growth and margin expansion on a year-over-year basis, providing a solid foundation for our AI and robotics investments." 

Mr. Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "In Q4, our revenue once again accelerated year-over-year, and we reduced our non-GAAP operating losses quarter-over-quarter. Furthermore, Q4 was the first quarter in which we reduced our non-GAAP operating losses on a year-over-year basis since 4Q 2022. These improvements reflect our continued business progress since Q1 2024. Additionally, we delivered strong cash flow this quarter. Looking ahead, we remain focused on driving revenue growth while working towards breakeven and profitability. At the same time, we will continue to manage our net cash position with discipline."

Fourth Quarter 2024 Financial Highlight

• Total revenues grew by 41.7% year-over-year and 23.4% quarter-over-quarter, accelerating to RMB237.1 million (US$32.5 million) in the fourth quarter of 2024.
• Gross profit increased by 74.4% year-over-year and 32.5% quarter-over-quarter, to RMB172.8 million (US$23.7 million) in the fourth quarter of 2024. Non-GAAP gross profit rose by 73.8% year-over-year and 32.1% quarter-over-quarter to RMB172.3 million (US$23.6 million).
• Operating loss in the fourth quarter of 2024 was RMB207.1 million (US$28.4 million), compared to RMB60.9 million in the same period of last year and RMB72.0 million in the previous quarter. Non-GAAP operating loss in the fourth quarter of 2024 improved to RMB42.5 million (US$5.8 million) from RMB49.1 million in the same period of last year and RMB60.5 million in the previous quarter.
• Net loss attributable to Cheetah Mobile Shareholders was RMB366.8 million (US$50.2 million), compared to RMB301.2 million in the same period of last year. Non-GAAP net loss attributable to Cheetah Mobile shareholders was RMB202.1 million (US$27.7 million), compared to RMB289.4 million in the same period of last year.
• Cash flow generated by operating activities was RMB283.0 million (US$38.8 million) in the fourth quarter of 2024.
• As of December 31, 2024, the Company had cash and cash equivalents of RMB1,833.0 million (US$251.1 million), ensuring strong liquidity.
• As of December 31, 2024, the Company had long-term investments of RMB817.3 million (US$112.0 million).

Fiscal Year 2024 Financial Highlight

• Total revenues grew by 20.5% year-over-year to RMB806.9 million (US$110.5 million) in 2024.
• Gross profit rose by 24.6% year-over-year to RMB545.2 million (US$74.7 million). Non-GAAP gross profit rose by 24.5% year-over-year to RMB545.3 million (US$74.7 million).
• Operating loss was RMB437.3 million (US$59.9 million) in 2024, compared to RMB209.8 million in 2023. Non-GAAP operating loss was RMB231.8 million (US$31.8 million) in 2024, compared to RMB171.9 million in 2023.
• Net loss attributable to Cheetah Mobile shareholders was RMB617.6 million (US$84.6 million), compared to RMB602.9 million in 2023. Non-GAAP net loss attributable to Cheetah Mobile shareholders improved to RMB412.1 million (US$56.5 million) in 2024 from RMB564.9 million in 2023.

Conference Call Information

The Company will hold a conference call on March 26, 2025, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers:

Main Line:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: 4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 5690589

English Translation:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: 4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 0936457

A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com.

Exchange Rate

This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB7.2993 to US$1.00, the exchange rate in effect as of December 31, 2024, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP").

About Cheetah Mobile Inc.

Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has attracted hundreds of millions of users through an array of internet products and services on PCs and mobile devices. At the same time, it actively engages in the independent research and development of AI technologies, including LLM technologies. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as service robots to international clients. Cheetah Mobile is also committed to leveraging its cutting-edge AI technologies, including LLM technologies, to empower its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Safe Harbor Statement

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Use of Non-GAAP Financial Measures

This release contains non-GAAP financial measures, including but not limited to:

• Non-GAAP cost of revenues excludes share-based compensation expenses;
• Non-GAAP gross profit excludes share-based compensation expenses;
• Non-GAAP gross margin excludes share-based compensation expenses;
• Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
• Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;
• Non-GAAP selling and marketing expenses exclude share-based compensation expenses and amortization of intangible assets resulting from business acquisitions;
• Non-GAAP general and administrative expenses exclude share-based compensation expenses;
• Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
• Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
• Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions; and
• Non-GAAP adjusted EBITDA represents net loss attributable to Cheetah Mobile shareholders excluding share-based compensation, interest income, depreciation and amortization, impairment of goodwill, net income attributable to noncontrolling interests, other income/expenses, net and income tax expenses/benefits.

The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results".

Investor Relations Contact

Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com 

 

CHEETAH MOBILE INC. Condensed Consolidated Balance Sheets (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))
	As of
	December 31, 2023		December 31, 2024
	RMB		RMB		USD
ASSETS
Current assets:
Cash and cash equivalents	2,020,191		1,833,031		251,124
Short-term investments	1,023		335		46
Accounts receivable, net	401,064		473,619		64,886
Prepayments and other current assets, net	973,127		1,365,761		187,108
Due from related parties, net	71,505		106,934		14,650
Total current assets	3,466,910		3,779,680		517,814
Non-current assets:
Property and equipment, net	53,884		51,564		7,064
Operating lease right-of-use assets	30,451		26,323		3,606
Intangible assets, net	218,559		190,665		26,121
Goodwill	576,989		424,099		58,101
Long-term investments	937,460		817,330		111,974
Deferred tax assets	188,503		128,581		17,616
Other non-current assets	160,428		86,059		11,790
Total non-current assets	2,166,274		1,724,621		236,272
Total assets	5,633,184		5,504,301		754,086
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank loans	5,000		-		-
Accounts payable	170,185		219,566		30,080
Accrued expenses and other current liabilities	2,437,210		2,756,805		377,681
Due to related parties	84,147		69,606		9,536
Income tax payable	31,603		35,804		4,905
Total current liabilities	2,728,145		3,081,781		422,202
Non-current liabilities:
Deferred tax liabilities	54,540		43,046		5,897
Other non-current liabilities	189,943		172,348		23,612
Total non-current liabilities	244,483		215,394		29,509
Total liabilities	2,972,628		3,297,175		451,711
Mezzanine equity:
Redeemable noncontrolling interests	105,978		189,725		25,992
Shareholders' equity:
Ordinary shares	244		248		34
Additional paid-in capital	2,711,875		2,722,504		372,982
Accumulated deficit	(613,102)		(1,232,575)		(168,862)
Accumulated other comprehensive income	356,854		410,421		56,227
Total Cheetah Mobile Inc. shareholders' equity	2,455,871		1,900,598		260,381
Noncontrolling interests	98,707		116,803		16,002
Total shareholders' equity	2,554,578		2,017,401		276,383
Total liabilities, mezzanine equity and shareholders' equity	5,633,184		5,504,301		754,086

 

CHEETAH MOBILE INC. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and per share(or ADS) data)
		For The Three Months Ended						For The Year Ended
		December 31, 2023		December 31, 2024		December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2024
		RMB		RMB		USD		RMB		RMB		USD
Revenues		167,314		237,089		32,481		669,503		806,877		110,541
Internet business		107,711		160,152		21,941		450,134		517,188		70,854
AI and others		59,603		76,937		10,540		219,369		289,689		39,687
Cost of revenues (a)		(68,243)		(64,317)		(8,811)		(231,940)		(261,682)		(35,850)
Gross profit		99,071		172,772		23,670		437,563		545,195		74,691
Operating income and expenses:
Research and development (a)		(39,584)		(65,506)		(8,974)		(178,207)		(243,391)		(33,344)
Selling and marketing (a)		(56,746)		(104,851)		(14,365)		(242,511)		(342,421)		(46,911)
General and administrative (a)		(63,502)		(56,281)		(7,710)		(229,549)		(244,385)		(33,481)
Impairment of goodwill		-		(152,890)		(20,946)		-		(152,890)		(20,946)
Other operating (expense)/ income, net		(186)		(377)		(52)		2,867		637		87
Total operating income and expenses		(160,018)		(379,905)		(52,047)		(647,400)		(982,450)		(134,595)
Operating loss		(60,947)		(207,133)		(28,377)		(209,837)		(437,255)		(59,904)
Other income/(expenses):
Interest income, net		15,828		9,862		1,351		60,978		44,422		6,086
Foreign exchange gains/ (losses)		17,408		(32,236)		(4,416)		(11,421)		(21,726)		(2,976)
Other expense, net		(321,244)		(82,300)		(11,275)		(477,370)		(139,769)		(19,148)
Loss before taxes		(348,955)		(311,807)		(42,717)		(637,650)		(554,328)		(75,942)
Income tax benefits/ (expenses)		47,760		(51,064)		(6,996)		43,781		(47,258)		(6,474)
Net loss		(301,195)		(362,871)		(49,713)		(593,869)		(601,586)		(82,416)
Less: net income attributable to noncontrolling interests		18		3,913		536		9,029		15,971		2,188
Net loss attributable to Cheetah Mobile shareholders		(301,213)		(366,784)		(50,249)		(602,898)		(617,557)		(84,604)
Net loss per share
Basic		(0.2046)		(0.2438)		(0.0334)		(0.4095)		(0.4161)		(0.0570)
Diluted		(0.2047)		(0.2439)		(0.0334)		(0.4100)		(0.4162)		(0.0570)
Net loss per ADS
Basic		(10.2312)		(12.1907)		(1.6700)		(20.4740)		(20.8042)		(2.8500)
Diluted		(10.2358)		(12.1947)		(1.6700)		(20.4977)		(20.8097)		(2.8500)
Weighted average number of shares outstanding
Basic		1,493,550,095		1,512,707,145		1,512,707,145		1,472,615,281		1,503,054,847		1,503,054,847
Diluted		1,493,550,095		1,512,707,145		1,512,707,145		1,472,615,281		1,503,054,847		1,503,054,847
Weighted average number of ADSs outstanding
Basic		29,871,002		30,254,143		30,254,143		29,452,306		30,061,097		30,061,097
Diluted		29,871,002		30,254,143		30,254,143		29,452,306		30,061,097		30,061,097
Other comprehensive (loss)/income, net of tax of nil
Foreign currency translation adjustments		(29,112)		51,667		7,078		45,769		49,045		6,719
Unrealized gains/(loss) on available-for-sale securities, net		-		7,277		997		(43,494)		2,642		362
Other comprehensive (loss)/ income		(29,112)		58,944		8,075		2,275		51,687		7,081
Total comprehensive loss		(330,307)		(303,927)		(41,638)		(591,594)		(549,899)		(75,335)
Less: Total comprehensive income attributable to noncontrolling interests		686		2,199		301		8,398		14,089		1,930
Total comprehensive loss attributable to Cheetah Mobile shareholders		(330,993)		(306,126)		(41,939)		(599,992)		(563,988)		(77,265)

 

		For The Three Months Ended						For The Year Ended
		December 31, 2023		December 31, 2024		December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2024
(a) Share-based compensation expenses		RMB		RMB		USD		RMB		RMB		USD
Cost of revenues		71		(460)		(63)		370		81		11
Research and development		(426)		1,280		175		580		1,924		264
Selling and marketing		72		(495)		(68)		509		(662)		(91)
General and administrative		7,714		4,819		660		32,095		24,758		3,392
Total		7,431		5,144		704		33,554		26,101		3,576

 

CHEETAH MOBILE INC. Reconciliation of GAAP and Non-GAAP Results (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data)
	For The Three Months Ended December 31, 2024							For The Year Ended December 31, 2024
	GAAP	Share-based	Amortization of	Impairment	Non-GAAP			GAAP	Share-based	Amortization of	Impairment	Non-GAAP
	Result	Compensation	intangible assets*	of goodwill	Result			Result	Compensation	intangible assets*	of goodwill	Result
	RMB	RMB	RMB	RMB	RMB	USD		RMB	RMB	RMB	RMB	RMB	USD
Revenues	237,089	-	-	-	237,089	32,481		806,877	-	-	-	806,877	110,541
Cost of revenues	(64,317)	(460)	-	-	(64,777)	(8,874)		(261,682)	81	-	-	(261,601)	(35,839)
Gross profit	172,772	(460)	-	-	172,312	23,607		545,195	81	-	-	545,276	74,702
Research and development	(65,506)	1,280	6,156	-	(58,070)	(7,956)		(243,391)	1,924	24,624	-	(216,843)	(29,708)
Selling and marketing	(104,851)	(495)	469	-	(104,877)	(14,369)		(342,421)	(662)	1,876	-	(341,207)	(46,746)
General and administrative	(56,281)	4,819	-	-	(51,462)	(7,050)		(244,385)	24,758	-	-	(219,627)	(30,089)
Impairment of goodwill	(152,890)	-	-	152,890	-	-		(152,890)	-	-	152,890	-	-
Other operating (loss) income, net	(377)	-	-	-	(377)	(52)		637	-	-	-	637	87
Total operating income and expenses	(379,905)	5,604	6,625	152,890	(214,786)	(29,427)		(982,450)	26,020	26,500	152,890	(777,040)	(106,456)
Operating loss	(207,133)	5,144	6,625	152,890	(42,474)	(5,820)		(437,255)	26,101	26,500	152,890	(231,764)	(31,754)
Net loss attributable to Cheetah Mobile shareholders	(366,784)	5,144	6,625	152,890	(202,125)	(27,692)		(617,557)	26,101	26,500	152,890	(412,066)	(56,454)
Diluted losses per ordinary share (RMB)	(0.2439)	0.0034	0.0044	0.1011	(0.1350)			(0.4162)	0.0174	0.0176	0.1017	(0.2795)
Diluted losses per ADS (RMB)	(12.1947)	0.1700	0.2200	5.0547	(6.7500)			(20.8097)	0.8700	0.8800	5.0847	(13.9750)
Diluted losses per ADS (USD)	(1.6700)	0.0233	0.0301	0.6919	(0.9247)			(2.8500)	0.1192	0.1206	0.6956	(1.9146)
* This represents amortization of intangible assets resulting from business acquisitions.

 

	For The Three Months Ended December 31, 2023					For The Year Ended December 31, 2023
	GAAP	Share-based	Amortization of	Non-GAAP		GAAP	Share-based	Amortization of	Non-GAAP
	Result	Compensation	intangible assets*	Result		Result	Compensation	intangible assets*	Result
	RMB	RMB	RMB	RMB		RMB	RMB	RMB	RMB
Revenues	167,314	-	-	167,314		669,503	-	-	669,503
Cost of revenues	(68,243)	71	-	(68,172)		(231,940)	370	-	(231,570)
Gross profit	99,071	71	-	99,142		437,563	370	-	437,933
Research and development	(39,584)	(426)	4,104	(35,906)		(178,207)	580	4,104	(173,523)
Selling and marketing	(56,746)	72	313	(56,361)		(242,511)	509	313	(241,689)
General and administrative	(63,502)	7,714	-	(55,788)		(229,549)	32,095	-	(197,454)
Other operating (loss) income, net	(186)	-	-	(186)		2,867	-	-	2,867
Total operating income and expenses	(160,018)	7,360	4,417	(148,241)		(647,400)	33,184	4,417	(609,799)
Operating loss	(60,947)	7,431	4,417	(49,099)		(209,837)	33,554	4,417	(171,866)
Net loss attributable to Cheetah Mobile shareholders	(301,213)	7,431	4,417	(289,365)		(602,898)	33,554	4,417	(564,927)
Diluted losses per ordinary share (RMB)	(0.2047)	0.0050	0.0029	(0.1968)		(0.4100)	0.0228	0.0030	(0.3842)
Diluted losses per ADS (RMB)	(10.2358)	0.2500	0.1458	(9.8400)		(20.4977)	1.1393	0.1499	(19.2085)

 

CHEETAH MOBILE INC. Information about Segment (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for percentage)
		For The Three Months Ended December 31, 2024										For The Year Ended December 31, 2024
		Internet Business		AI and others		Unallocated*		Consolidated				Internet Business		AI and others		Unallocated*		Consolidated
		RMB		RMB		RMB		RMB		USD		RMB		RMB		RMB		RMB		USD
Revenue		160,152		76,937		-		237,089		32,481		517,188		289,689		-		806,877		110,541
Operating profit/(loss)		26,207		(228,196)		(5,144)		(207,133)		(28,377)		62,833		(473,987)		(26,101)		(437,255)		(59,904)
Operating margin		16.4 %		(296.6) %		-		(87.4) %		(87.4) %		12.1 %		(163.6) %		-		(54.2) %		(54.2) %

 

		For The Three Months Ended December 31, 2023								For The Year Ended December 31, 2023
		Internet Business		AI and others		Unallocated*		Consolidated		Internet Business		AI and others		Unallocated*		Consolidated
		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB
Revenue		107,711		59,603		-		167,314		450,134		219,369		-		669,503
Operating profit/(loss)		9,488		(63,004)		(7,431)		(60,947)		26,259		(202,542)		(33,554)		(209,837)
Operating margin		8.8 %		(105.7) %		-		(36.4) %		5.8 %		(92.3) %		-		(31.3) %
*Unallocated expenses refer to SBC expenses that are not allocated to individual segments.

 

CHEETAH MOBILE INC. Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP) (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"))
		For The Three Months Ended						For The Year Ended
		December 31, 2023		December 31, 2024		December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2024
		RMB		RMB		USD		RMB		RMB		USD
Net loss attributable to Cheetah Mobile shareholders		(301,213)		(366,784)		(50,249)		(602,898)		(617,557)		(84,604)
Add:
Income tax (benefits)/expenses		(47,760)		51,064		6,996		(43,781)		47,258		6,474
Interest income, net		(15,828)		(9,862)		(1,351)		(60,978)		(44,422)		(6,086)
Depreciation and other amortization		11,275		14,619		2,003		35,262		51,453		7,049
Net income attributable to noncontrolling interests		18		3,913		536		9,029		15,971		2,188
Other expense		303,836		114,536		15,691		488,791		161,495		22,124
Share-based compensation		7,431		5,144		704		33,554		26,101		3,576
Impairment of goodwill		-		152,890		20,946		-		152,890		20,946
Adjusted EBITDA		(42,241)		(34,480)		(4,724)		(141,021)		(206,811)		(28,333)

 

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SOURCE Cheetah Mobile

FAQ

What was Cheetah Mobile's (CMCM) revenue growth in Q4 2024?

CMCM's Q4 2024 revenue grew 41.7% year-over-year and 23.4% quarter-over-quarter to RMB237.1 million (US$32.5 million).

How much cash does Cheetah Mobile (CMCM) have as of December 2024?

As of December 31, 2024, CMCM had cash and cash equivalents of RMB1,833.0 million (US$251.1 million).

What are Cheetah Mobile's (CMCM) plans for AI and robotics?

CMCM plans to launch AgentOS, a voice interaction system for service robots, and aims to become a top 3 service robot provider globally within three years.

What was CMCM's net loss in Q4 2024?

CMCM reported a net loss of RMB366.8 million (US$50.2 million) in Q4 2024.

How did Cheetah Mobile's (CMCM) gross profit perform in Q4 2024?

CMCM's gross profit increased 74.4% year-over-year to RMB172.8 million (US$23.7 million) in Q4 2024.