36Kr Holdings Inc. Reports Unaudited Financial Results for the First Half of 2024
36Kr Holdings Inc. (NASDAQ: KRKR) reported unaudited financial results for the first half of 2024. Key highlights include:
- Total revenues were RMB102.4 million (US$14.1 million), down from RMB139.9 million in H1 2023.
- Online advertising services revenues decreased to RMB80.4 million (US$11.1 million).
- Number of followers increased 9.2% year-over-year to 33.3 million.
- Net loss widened to RMB95.9 million (US$13.2 million).
- Operating expenses decreased by 10% year-over-year to RMB117.0 million (US$16.1 million).
The company faced challenges due to the macroeconomic environment but saw improvements in ARPU for online advertising and institutional subscription services. 36Kr remains focused on content creation, AI opportunities, and cost optimization.
36Kr Holdings Inc. (NASDAQ: KRKR) ha riportato risultati finanziari non verificati per il primo semestre del 2024. I punti salienti includono:
- I ricavi totali sono stati RMB102,4 milioni (US$14,1 milioni), in calo rispetto ai RMB139,9 milioni del H1 2023.
- I ricavi dei servizi di pubblicità online sono diminuiti a RMB80,4 milioni (US$11,1 milioni).
- Il numero di follower è aumentato del 9,2% su base annua, raggiungendo 33,3 milioni.
- La perdita netta è aumentata a RMB95,9 milioni (US$13,2 milioni).
- Le spese operative sono diminuite del 10% su base annua, raggiungendo RMB117,0 milioni (US$16,1 milioni).
La società ha affrontato sfide a causa dell'ambiente macroeconomico, ma ha visto miglioramenti nell'ARPU per la pubblicità online e i servizi di abbonamento istituzionale. 36Kr rimane focalizzata sulla creazione di contenuti, sulle opportunità dell'IA e sull'ottimizzazione dei costi.
36Kr Holdings Inc. (NASDAQ: KRKR) reportó resultados financieros no auditados para la primera mitad de 2024. Los aspectos clave incluyen:
- Los ingresos totales fueron de RMB102,4 millones (US$14,1 millones), una disminución en comparación con RMB139,9 millones en H1 2023.
- Los ingresos por servicios de publicidad en línea disminuyeron a RMB80,4 millones (US$11,1 millones).
- El número de seguidores aumentó un 9,2% interanual hasta 33,3 millones.
- La pérdida neta se amplió a RMB95,9 millones (US$13,2 millones).
- Los gastos operativos disminuyeron en un 10% interanual a RMB117,0 millones (US$16,1 millones).
La empresa enfrentó desafíos debido al entorno macroeconómico, pero vio mejoras en el ARPU para la publicidad en línea y los servicios de suscripción institucional. 36Kr se mantiene enfocada en la creación de contenido, oportunidades de IA y optimización de costos.
36Kr Holdings Inc. (NASDAQ: KRKR)는 2024년 상반기 감사되지 않은 재무 결과를 발표했습니다. 주요 내용은 다음과 같습니다:
- 총 매출은 RMB102.4백만 (US$14.1백만)으로, 2023년 상반기 RMB139.9백만에서 감소했습니다.
- 온라인 광고 서비스 매출은 RMB80.4백만 (US$11.1백만)으로 줄어들었습니다.
- 팔로워 수는 전년 대비 9.2% 증가하여 3,330만이 되었습니다.
- 순손실은 RMB95.9백만 (US$13.2백만)으로 확대되었습니다.
- 운영 비용은 전년 대비 10% 감소하여 RMB117.0백만 (US$16.1백만)이 되었습니다.
회사는 거시경제 환경으로 인해 어려움을 겪었지만, 온라인 광고 및 기관 구독 서비스의 ARPU에서 개선을 보았습니다. 36Kr은 콘텐츠 제작, AI 기회 및 비용 최적화에 집중하고 있습니다.
36Kr Holdings Inc. (NASDAQ: KRKR) a publié des résultats financiers non audités pour le premier semestre 2024. Les points clés incluent :
- Les revenus totaux se sont élevés à RMB102,4 millions (US$14,1 millions), en baisse par rapport à RMB139,9 millions au H1 2023.
- Les revenus des services de publicité en ligne ont diminué à RMB80,4 millions (US$11,1 millions).
- Le nombre de followers a augmenté de 9,2 % d'une année sur l'autre pour atteindre 33,3 millions.
- La perte nette s'est élargie à RMB95,9 millions (US$13,2 millions).
- Les dépenses d'exploitation ont diminué de 10 % d'une année sur l'autre pour atteindre RMB117,0 millions (US$16,1 millions).
L'entreprise a rencontré des défis en raison de l'environnement macroéconomique, mais a constaté des améliorations de l'ARPU pour la publicité en ligne et les services d'abonnement institutionnels. 36Kr reste concentré sur la création de contenus, les opportunités en IA et l'optimisation des coûts.
36Kr Holdings Inc. (NASDAQ: KRKR) hat ungeprüfte Finanzzahlen für das erste Halbjahr 2024 veröffentlicht. Wichtige Punkte umfassen:
- Die Gesamteinnahmen betrugen RMB102,4 Millionen (US$14,1 Millionen), ein Rückgang von RMB139,9 Millionen im H1 2023.
- Die Einnahmen aus Online-Werbediensten sanken auf RMB80,4 Millionen (US$11,1 Millionen).
- Die Anzahl der Follower stieg im Jahresvergleich um 9,2% auf 33,3 Millionen.
- Der Nettoverlust weitete sich auf RMB95,9 Millionen (US$13,2 Millionen) aus.
- Die Betriebskosten sanken im Jahresvergleich um 10% auf RMB117,0 Millionen (US$16,1 Millionen).
Das Unternehmen sah sich aufgrund des makroökonomischen Umfelds Herausforderungen gegenüber, verzeichnete jedoch Verbesserungen beim ARPU für Online-Werbung und institutionelle Abonnementdienste. 36Kr konzentriert sich weiterhin auf die Erstellung von Inhalten, Möglichkeiten im Bereich KI und Kostenoptimierung.
- Number of followers increased 9.2% year-over-year to 33.3 million
- Online advertising services' ARPU rose by 22% year-over-year
- Subscription services' ARPU among institutional customers increased by 8% year-over-year
- Operating expenses decreased by 10% year-over-year
- Total revenues decreased from RMB139.9 million to RMB102.4 million year-over-year
- Net loss widened from RMB52.7 million to RMB95.9 million year-over-year
- Online advertising services revenues decreased from RMB98.9 million to RMB80.4 million
- Enterprise value-added services revenues fell from RMB26.8 million to RMB13.4 million
- Subscription services revenues declined from RMB14.2 million to RMB8.6 million
- Gross profit margin decreased from 49.9% to 44.4%
Insights
36Kr's financial results for H1 2024 reveal a challenging period for the company. Total revenues declined by
Despite the revenue decline, there are some positive indicators. The average revenue per online advertising customer increased by
However, the net loss widened significantly to
The 9.2% increase in followers to 33.3 million is a bright spot, indicating 36Kr's content still resonates with its target audience. However, this growth hasn't translated into revenue, suggesting challenges in monetization strategies.
The decline in customer numbers across all segments is worrying. Online advertising customers dropped by
The company's focus on AI-driven opportunities and content creation capabilities could be important for future growth. However, the current market environment appears challenging, with reduced advertising spending and a need to optimize customer structure for credit risk control. 36Kr's ability to navigate these headwinds while innovating will be critical for its future performance.
BEIJING, Sept. 03, 2024 (GLOBE NEWSWIRE) -- 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the six months ended June 30, 2024.
Financial and Operational Highlights for the First Half of 2024
- Number of followers1 as of June 30, 2024 reached 33.3 million, an increase of
9.2% from 30.5 million as of June 30, 2023. - Total revenues were RMB102.4 million (US
$14.1 million ) in the first half of 2024, compared to RMB139.9 million in the same period of 2023. - Revenues from online advertising services were RMB80.4 million (US
$11.1 million ) in the first half of 2024, compared to RMB98.9 million in the same period of 2023. - Revenues from enterprise value-added services were RMB13.4 million (US
$1.8 million ) in the first half of 2024, compared to RMB26.8 million in the same period of 2023. - Revenues from subscription services were RMB8.6 million (US
$1.2 million ) in the first half of 2024, compared to RMB14.2 million in the same period of 2023.
Selected Operating Data
| For the Six Months Ended June 30, | ||||
| 2023 | 2024 | |||
| Online advertising services | ||||
| Number of online advertising services end customers | 330 | 222 | ||
| Average revenue per online advertising services end customer (RMB’000)2 | 299.7 | 362.1 | ||
| Enterprise value-added services | ||||
| Number of enterprise value-added services end customers | 90 | 56 | ||
| Average revenue per enterprise value-added services end customer (RMB’000)3 | 297.4 | 239.0 | ||
| Subscription services | ||||
| Number of individual subscribers | 71 | 16 | ||
| Average revenue per individual subscriber (RMB)4 | 27,105.6 | 24,637.5 | ||
| Number of institutional investors | 225 | 139 | ||
| Average revenue per institutional investor (RMB’000)5 | 54.7 | 59.2 | ||
Mr. Dagang Feng, Co-chairman and CEO of 36Kr, commented, “We delivered a solid operational performance in the first half of 2024 despite the challenging macroeconomic environment. Our online advertising services’ ARPU rose by
Mr. Xiang Li, Chief Financial Officer of 36Kr, added, “We recorded total revenue of RMB102 million in the first half of 2024 while facing an evolving external environment. As we further streamlined our spending, our operating expenses decreased by
____________________
1 “Number of followers” refers to the aggregate number of followers across the official accounts we own and/or operate on various social media and online platforms, including but not limited to Weixin, Weibo, Zhihu, Toutiao, Xinhua Net, Douyin and Bilibili.
2 Equals revenues generated from online advertising services for a period divided by the number of online advertising services end customers in the same period.
3 Equals revenues generated from enterprise value-added services for a period divided by the number of enterprise value-added services end customers in the same period.
4 Equals revenues generated from individual subscription services for a period divided by the number of individual subscribers in the same period.
5 Equals revenues generated from institutional investor subscription services for a period divided by the number of institutional investors in the same period.
Unaudited Financial Results for the First Half of 2024
Total revenues were RMB102.4 million (US
- Online advertising services revenues were RMB80.4 million (US
$11.1 million ) in the six months ended June 30, 2024, compared to RMB98.9 million in the same period of 2023. The decrease was primarily due to the reduction in advertising spending of advertisers from certain industries and the challenging external environment. In addition, we proactively optimized our customer structure to control credit risk, which leads to a decrease in revenue scale. - Enterprise value-added services revenues were RMB13.4 million (US
$1.8 million ) in the six months ended June 30, 2024, compared to RMB26.8 million in the same period of 2023. The decrease was primarily due to our ongoing refinement of service offerings by shrinking several regional offices business to strategically focus on cash flow optimization and efficiency improvement. - Subscription services revenues were RMB8.6 million (US
$1.2 million ) in the six months ended June 30, 2024, compared to RMB14.2 million in the same period of 2023. The decrease was primarily due to the transition of business model of training service.
Cost of revenues was RMB57.0 million (US
Gross profit was RMB45.5 million (US
Operating expenses were RMB117.0 million (US
- Sales and marketing expenses were RMB45.4 million (US
$6.2 million ) in the six months ended June 30, 2024, a decrease of29.9% from RMB64.8 million in the same period of 2023. The decrease was primarily attributable to the decrease in payroll-related expenses, rental expense, marketing and promotional expenses and share-based compensation expenses. - General and administrative expenses were RMB62.8 million (US
$8.6 million ) in the six months ended June 30, 2024, a79.9% increase compared to RMB34.9 million in the same period of 2023. The increase was primarily attributable to the increase in the allowance for doubtful accounts and partially offset by the decrease in share-based compensation expenses. - Research and development expenses were RMB8.8 million (US
$1.2 million ) in the six months ended June 30, 2024, a decrease of69.7% from RMB29.0 million in the same period of 2023. The decrease was primarily due to the decrease in the average compensation level for our research and development personnel as we restructured our R&D team.
Share-based compensation expenses recognized in cost of revenues, sales and marketing expenses, research and development expenses, as well as general and administrative expenses totaled RMB0.05 million (US
Other expenses were RMB24.3 million (US
Income tax expenses were RMB0.07 million (US
Net loss was RMB95.9 million (US
Net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB94.4 million (US
Basic and diluted net loss per ADS were both RMB2.245 (US
Certain Balance Sheet Items
As of June 30, 2024, the Company had cash, cash equivalents and short-term investments of RMB96.9 million (US
____________________
6 Non-GAAP adjusted income/(loss) represents net income/(loss) excluding share-based compensation expenses.
Conference Call
The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 3, 2024 (8:00 PM Beijing/Hong Kong Time on September 3, 2024).
For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.
| Event Title: | 36Kr Holdings Inc. The First Half of 2024 Earnings Conference Call |
| Pre-registration link: | https://s1.c-conf.com/diamondpass/10041739-9qgd44.html |
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.36kr.com.
A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:
| United States: | +1-855-883-1031 |
| International: | +61-7-3107-6325 |
| Hong Kong, China: | 800-930-639 |
| Mainland China: | 400-120-9216 |
| Replay PIN: | 10041739 |
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China's New Economy.
For more information, please visit: http://ir.36kr.com.
Use of Non-GAAP Financial Measures
In evaluating its business, the Company considers and uses two non-GAAP measures, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess its operating performance. The presentation of these two non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company presents these non-GAAP financial measures because they are used by the Company’s management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-GAAP measures facilitates investors' assessment of its operating performance.
These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure.
Adjusted net loss represents net loss excluding share-based compensation expenses.
Adjusted EBITDA represents adjusted net income/(loss) before interest income, interest expenses, income tax expense/(credit), depreciation of property and equipment and amortization of intangible assets.
For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made at a rate of RMB7.2672 to US
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of 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,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding demand for, and market acceptance of, its services; the Company’s ability to maintain and enhance its brand; the Company’s ability to provide high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third-party professional content providers; the Company’s ability to maintain relationship with third-party platforms; general economic and business condition in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 8965-0708
E-mail: ir@36kr.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: 36Kr@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: 36Kr@tpg-ir.com
| 36Kr Holdings Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
| December 31, | June 30, | June 30, | |||||||
| 2023 | 2024 | 2024 | |||||||
| RMB’000 | RMB’000 | US$’000 | |||||||
| Assets | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | 41,464 | 48,935 | 6,734 | ||||||
| Short‑term investments | 75,497 | 47,933 | 6,596 | ||||||
| Accounts receivable, net | 139,408 | 74,220 | 10,213 | ||||||
| Receivables due from related parties | 69 | 1,630 | 224 | ||||||
| Prepayments and other current assets | 16,030 | 19,497 | 2,683 | ||||||
| Total current assets | 272,468 | 192,215 | 26,450 | ||||||
| Non‑current assets: | |||||||||
| Property and equipment, net | 7,366 | 6,542 | 901 | ||||||
| Intangible assets, net | 2,079 | 1,892 | 260 | ||||||
| Long-term investments | 142,599 | 115,115 | 15,840 | ||||||
| Operating lease right-of-use assets, net | 34,454 | 30,676 | 4,221 | ||||||
| Total non‑current assets | 186,498 | 154,225 | 21,222 | ||||||
| Total assets | 458,966 | 346,440 | 47,672 | ||||||
| Liabilities | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | 60,376 | 54,228 | 7,462 | ||||||
| Salary and welfare payables | 36,046 | 35,900 | 4,940 | ||||||
| Taxes payable | 5,940 | 2,916 | 401 | ||||||
| Deferred revenue | 23,428 | 22,647 | 3,116 | ||||||
| Amounts due to related parties | 261 | 43 | 6 | ||||||
| Accrued liabilities and other payables | 25,152 | 22,673 | 3,120 | ||||||
| Short-term bank loan | 9,950 | 10,000 | 1,376 | ||||||
| Operating lease liabilities | 8,953 | 9,468 | 1,303 | ||||||
| Total current liabilities | 170,106 | 157,875 | 21,724 | ||||||
| Non-current liabilities: | |||||||||
| Operating lease liabilities | 26,826 | 22,601 | 3,110 | ||||||
| Other non-current liabilities | 174 | — | — | ||||||
| Total non-current liabilities | 27,000 | 22,601 | 3,110 | ||||||
| Total liabilities | 197,106 | 180,476 | 24,834 | ||||||
| Shareholders’ equity | |||||||||
| Ordinary shares | 694 | 694 | 95 | ||||||
| Treasury stock | (11,502 | ) | (11,502 | ) | (1,583 | ) | |||
| Additional paid-in capital | 2,064,264 | 2,064,316 | 284,059 | ||||||
| Accumulated deficit | (1,796,189 | ) | (1,889,982 | ) | (260,070 | ) | |||
| Accumulated other comprehensive loss | (5,290 | ) | (5,120 | ) | (703 | ) | |||
| Total 36Kr Holdings Inc.’s shareholders’ equity | 251,977 | 158,406 | 21,798 | ||||||
| Non-controlling interests | 9,883 | 7,558 | 1,040 | ||||||
| Total shareholders’ equity | 261,860 | 165,964 | 22,838 | ||||||
| Total liabilities and shareholders’ equity | 458,966 | 346,440 | 47,672 | ||||||
| 36Kr Holdings Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) | ||||||||||||
| Six Months Ended | ||||||||||||
| June 30, 2023 | June 30, 2024 | June 30, 2024 | ||||||||||
| RMB’000 | RMB’000 | US$’000 | ||||||||||
| Revenues: | ||||||||||||
| Online advertising services | 98,888 | 80,395 | 11,063 | |||||||||
| Enterprise value-added services | 26,768 | 13,383 | 1,842 | |||||||||
| Subscription services | 14,232 | 8,623 | 1,186 | |||||||||
| Total revenues | 139,888 | 102,401 | 14,091 | |||||||||
| Cost of revenues | (70,049 | ) | (56,931 | ) | (7,834 | ) | ||||||
| Gross profit | 69,839 | 45,470 | 6,257 | |||||||||
| Operating expenses: | ||||||||||||
| Sales and marketing expenses | (64,836 | ) | (45,360 | ) | (6,242 | ) | ||||||
| General and administrative expenses | (34,866 | ) | (62,828 | ) | (8,646 | ) | ||||||
| Research and development expenses | (29,037 | ) | (8,807 | ) | (1,212 | ) | ||||||
| Total operating expenses | (128,739 | ) | (116,995 | ) | (16,100 | ) | ||||||
| Loss from operations | (58,900 | ) | (71,525 | ) | (9,843 | ) | ||||||
| Other income/(expenses): | ||||||||||||
| Share of loss from equity method investments | (307 | ) | (516 | ) | (71 | ) | ||||||
| Long-term investment loss | - | (25,535 | ) | (3,514 | ) | |||||||
| Short-term investment income | 776 | 424 | 58 | |||||||||
| Government grant | 795 | 475 | 65 | |||||||||
| Others, net | 4,763 | 817 | 112 | |||||||||
| Loss before income tax | (52,873 | ) | (95,860 | ) | (13,191 | ) | ||||||
| Income tax credit/(expenses) | 190 | (65 | ) | (9 | ) | |||||||
| Net loss | (52,683 | ) | (95,925 | ) | (13,200 | ) | ||||||
| Net loss attributable to non-controlling interests | 375 | 1,574 | 217 | |||||||||
| Net loss attributable to 36Kr Holdings Inc.’s ordinary shareholders | (52,308 | ) | (94,351 | ) | (12,983 | ) | ||||||
| Net loss | (52,683 | ) | (95,925 | ) | (13,200 | ) | ||||||
| Other comprehensive income | ||||||||||||
| Foreign currency translation adjustments | 1,153 | 170 | 24 | |||||||||
| Total other comprehensiveincome | 1,153 | 170 | 24 | |||||||||
| Total comprehensiveloss | (51,530 | ) | (95,755 | ) | (13,176 | ) | ||||||
| Comprehensive loss attributable to non-controlling interests | 375 | 1,574 | 217 | |||||||||
| Comprehensive loss attributable to 36Kr Holdings Inc.’s ordinary shareholders | (51,155 | ) | (94,181 | ) | (12,959 | ) | ||||||
| Net loss per ordinary share (RMB) | ||||||||
| Basic | (0.050 | ) | (0.090 | ) | (0.012 | ) | ||
| Diluted | (0.050 | ) | (0.090 | ) | (0.012 | ) | ||
| Net loss per ADS (RMB) | ||||||||
| Basic | (1.258 | ) | (2.245 | ) | (0.309 | ) | ||
| Diluted | (1.258 | ) | (2.245 | ) | (0.309 | ) | ||
| Weighted average number of ordinary shares used in per share calculation | ||||||||
| Basic | 1,039,599,446 | 1,050,508,220 | 1,050,508,220 | |||||
| Diluted | 1,039,599,446 | 1,050,508,220 | 1,050,508,220 | |||||
| Weighted average number of ADS used in per ADS calculation | ||||||||
| Basic | 41,583,978 | 42,020,329 | 42,020,329 | |||||
| Diluted | 41,583,978 | 42,020,329 | 42,020,329 | |||||
| 36Kr Holdings Inc. UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS | ||||||||||
| Six Months Ended | ||||||||||
| June 30, 2023 | June 30, 2024 | June 30, 2024 | ||||||||
| RMB’000 | RMB’000 | US$’000 | ||||||||
| Net loss | (52,683 | ) | (95,925 | ) | (13,200 | ) | ||||
| Share-based compensation expenses | 3,707 | 47 | 7 | |||||||
| Non-GAAP adjusted net loss | (48,976 | ) | (95,878 | ) | (13,193 | ) | ||||
| Interest income, net | (684 | ) | (485 | ) | (67 | ) | ||||
| Income tax (credit)/expenses | (190 | ) | 65 | 9 | ||||||
| Depreciation and amortization expenses | 693 | 951 | 131 | |||||||
| Non-GAAP adjusted EBITDA | (49,157 | ) | (95,347 | ) | (13,120 | ) | ||||
FAQ
What were 36Kr Holdings' (KRKR) total revenues for the first half of 2024?
How did 36Kr's (KRKR) online advertising services perform in H1 2024?
What was 36Kr Holdings' (KRKR) net loss for the first half of 2024?
How many followers did 36Kr (KRKR) have as of June 30, 2024?
