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Cheetah Mobile Inc. (NYSE: CMCM), headquartered in China, is a leading internet company renowned for making mobile and PC experiences faster, easier, and safer. The company offers a robust suite of products that includes Clean Master, CM Security, CM Browser, and Battery Doctor, attracting over 395 million monthly active users globally. These tools are designed to enhance device performance, security, and battery efficiency, continuously evolving based on user feedback.
Cheetah Mobile operates in two primary segments: Internet Business and AI and Others. The Internet Business segment focuses on mobile advertising services, which account for the majority of its revenue. The company monetizes its vast user base through advertisements and premium membership services. The AI and Others segment is dedicated to cutting-edge artificial intelligence and overseas advertising agency services, contributing to a significant portion of its revenue from cloud management platforms and AI innovations.
Financially, Cheetah Mobile reported total revenues of RMB 669.5 million (USD 94.3 million) for the full year 2023. Despite a challenging operating environment, the company has maintained a robust cash position of RMB 2,071.1 million as of June 30, 2023. The management team, led by CEO Sheng Fu and CFO Thomas Ren, has emphasized strategic cost management and investment in AI technology to ensure sustainable growth.
Notably, Cheetah Mobile has made significant strides in AI technology, acquiring a controlling stake in Beijing OrionStar Technology Co., Ltd. This acquisition underpins their strategic transition towards AI-powered solutions and service robots, aiming to revolutionize industries with advanced AI and Large Language Models (LLM).
Latest News:
- March 21, 2024: Cheetah Mobile's total revenue for 2023 was RMB 669.5 million, within their guidance. They completed the acquisition of a controlling stake in Beijing OrionStar, advancing their AI technology capabilities.
- April 18, 2024: Cheetah Mobile filed its annual report for 2023 with the SEC, highlighting their commitment to AI innovation and consistent user growth.
- June 7, 2024: The company reported its Q1 2024 results, noting an 11.6% year-over-year revenue increase, driven by the integration of Beijing OrionStar and growth in AI segments.
As Cheetah Mobile continues to navigate the evolving tech landscape, its focus remains on leveraging AI advancements to provide smarter solutions and enhance the global digital experience.
Cheetah Mobile (NYSE: CMCM) reported its third quarter 2021 results, revealing total revenues of RMB196.1 million (USD30.4 million), a 46.3% decline year-over-year. The internet business saw a 50.8% revenue drop due to strategic reductions in game-related services. Although the company maintained a Non-GAAP operating loss of RMB58.5 million (USD9.1 million), it kept expenses controlled, closing the quarter with RMB1,853 million (USD288 million) in cash. Looking ahead, Cheetah expects Q4 revenues between RMB130 million (USD20.2 million) and RMB180 million (USD27.9 million).
Cheetah Mobile Inc. (NYSE: CMCM) plans to announce its Q3 2021 financial results on November 24, 2021, before market opening. A conference call will follow at 7:00 AM ET to discuss the results. The call can be accessed internationally at +1-412-902-4272 or toll-free in the U.S. at +1-888-346-8982. Investors can listen to the live webcast on the company’s investor relations website. The earnings release will be available on the same site.
Cheetah Mobile Inc. (NYSE: CMCM) has announced its annual general meeting of shareholders to take place on November 16, 2021, at 2:00 p.m. in Beijing. The meeting will not feature any proposals for shareholder approval, but instead will serve as a forum for shareholders to engage with management. The record date for determining eligible shareholders is set for November 12, 2021. Cheetah Mobile, recognized for its internet products and extensive active user base, focuses on advertising services and value-added offerings, leveraging AI technology to enhance its products.
Cheetah Mobile (NYSE: CMCM) announced its Q2 2021 financial results, reporting total revenue of RMB212 million (USD33 million), reflecting a 46.3% year-over-year decline but a 6.7% growth sequentially. The company achieved a notable gross margin of 76.1%, up from 71.2% year-over-year. Operating loss narrowed to RMB58.8 million, from RMB182.9 million a year ago. Cheetah Mobile anticipates Q3 revenues between RMB180 million and RMB230 million. The shift from gaming-related to membership services shows positive momentum despite challenges in AI product sales.
Cheetah Mobile Inc. (CMCM) reported its Q1 2021 financial results, showing total revenues of RMB198 million (US$30.3 million), down 62.4% year-over-year and 25.2% quarter-over-quarter. The decline stems from the suspension of its Google collaboration and the disposal of gaming assets. Despite a gross margin increase to 70.1%, the company posted an operating loss of RMB56.5 million but narrowed from RMB148 million last year. The net income attributable to shareholders was RMB76.4 million, a recovery from a net loss of RMB104.6 million last year.
Cheetah Mobile Inc. (NYSE: CMCM) will release its Q1 2021 financial results on June 11, 2021, before market opening. The earnings can be accessed on the company's investor relations website. The management will hold a conference call at 7:00 A.M. ET to discuss the results, accessible via given dial-in numbers. A replay will be available until June 18, 2021. Cheetah Mobile is known for its internet products and services, attracting millions of users globally.
Cheetah Mobile Inc. (NYSE: CMCM) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on May 15, 2021. The report details the company's performance and can be accessed on their investor relations website or through the SEC. Cheetah Mobile continues to engage hundreds of millions of active users through internet products like Clean Master and Security Master, along with offering advertising and premium services. The company emphasizes its commitment to advancing artificial intelligence technologies.
Cheetah Mobile (NYSE: CMCM) reported its financial results for Q4 and full year 2020, highlighting RMB1,559 million in annual revenues and RMB417 million in net income. Revenue for Q4 dipped to RMB271.2 million, down 55.7% year-over-year, largely due to the suspension of collaborations with Google. The shift towards domestic markets reduced costs by 50%, boosting operating profits to RMB190 million from a loss in 2019. Cash reserves stood at approximately US$255 million. The company anticipates Q1 2021 revenues between RMB165 million and RMB215 million.
Cheetah Mobile (NYSE: CMCM) will release its Q4 and full-year 2020 financial results on March 23, 2021, before market opening. The results will be available on the Company's investor relations website. A conference call will follow at 7:00 A.M. ET to discuss these results. Investors can join the call using provided dial-in numbers. A replay will be available until March 30, 2021. Cheetah Mobile, established in 2014, offers internet and advertising services, leveraging artificial intelligence to enhance its products.
Cheetah Mobile (NYSE: CMCM) reported unaudited financial results for Q3 2020, with total revenues of RMB365.1 million (US$53.8 million), down 60.3% YoY. Gross margin improved to 69%, while operating loss narrowed to RMB126 million from RMB257 million YoY. Net income attributable to shareholders was RMB259 million, a decrease from RMB451 million YoY. The company anticipates Q4 2020 revenues between RMB230 million (US$34 million) and RMB280 million (US$41 million), amid ongoing challenges in overseas markets and revenue declines in mobile utility and entertainment sectors.
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