Welcome to our dedicated page for Lizhi news (Ticker: LIZI), a resource for investors and traders seeking the latest updates and insights on Lizhi stock.
Lizhi Inc. (NASDAQ: LIZI) operates China's leading user-generated audio platform, empowering creators through its innovative podcast hosting and live streaming solutions. This dedicated news hub provides investors and industry observers with essential updates about the company's financial performance, technological advancements, and market positioning.
Our curated collection features official earnings reports, partnership announcements, and product launch details directly from Lizhi's corporate communications. Users can track developments in key operational areas including AI-driven audio innovations, international expansion efforts, and community growth metrics within China's competitive audio entertainment sector.
Regular updates cover critical investor materials such as quarterly results filings, executive leadership changes, and strategic initiatives that shape Lizhi's role as a pioneer in mobile-first audio experiences. Bookmark this page to maintain current awareness of LIZI's progress in building what analysts describe as an audio equivalent of visual social platforms through its unique UGC ecosystem.
LIZHI, an audio-based social platform, was recognized by Huawei as an Outstanding Partner at the 2021 Huawei Smart Car Solutions Ecological Forum held on December 21, 2021. The event featured key automotive industry players sharing insights. LIZHI Podcast has been integrated into Huawei's HarmonyOS, introducing features such as voice search and seamless connectivity. The partnership aims to enhance the in-vehicle audio experience, with plans for further innovations in podcasts and user engagement.
LIZHI INC. (NASDAQ: LIZI) reported third-quarter 2021 financial results, showing a 40% increase in net revenues to RMB504.8 million (US$78.4 million) compared to RMB361.5 million in Q3 2020. The company saw average monthly active users rise by 5% to 58.9 million and total monthly paying users increase by 8% to 485.5 thousand. Despite these gains, LIZHI experienced a net loss of RMB37.1 million (US$5.8 million), compared to RMB6.1 million in the prior year. The gross margin improved to 30%, up from 25% in Q3 2020, while operating expenses surged by 91%.
LIZHI INC. (NASDAQ: LIZI) will announce its third quarter 2021 financial results on November 29, 2021, after U.S. market close. An earnings call will follow at 8:00 PM ET. Participants can register via the provided link to receive dial-in information. LIZHI is known for its interactive audio entertainment platforms and aims to foster global audio connectivity through its products. The earnings call will be accessible live and archived on its investor relations website.
LIZHI INC. (NASDAQ: LIZI) announced its podcast platform's integration into Huawei’s HarmonyOS at the 2021 Huawei Developer Conference. This collaboration will enhance user experiences with new features like voice search and in-car functionality, marking LIZHI as the first Chinese podcast platform to support Livestream podcasts in vehicles. The LIZHI Podcast App will soon be available on HarmonyOS smart car systems, improving cross-device connectivity. The company aims to broaden its audience and innovate within the in-car podcast space, leveraging Huawei's technological capabilities.
LIZHI INC. (NASDAQ: LIZI), a prominent audio community platform in China, has received recognition from the Guangdong Science and Technology Department for its Audio Engineering Technology Research Center, now included in the 2021 list of Engineering Technology Research Centers. This designation underscores LIZHI's commitment to advancing core audio technology and innovation. The center focuses on developing cutting-edge audio solutions like DOREME, enhancing interactive audio capabilities. LIZHI aims to support sustainable business growth and contribute to the broader audio industry.
LIZHI INC. (NASDAQ: LIZI) has launched a new 'My Friends' live status/mood feature on its TIYA app, enhancing user interactions by allowing friends to connect based on shared moods or activities. This feature employs an algorithm to simplify user connections and increase engagement. The app has seen a growth of over 180% in active chat rooms since March 2021. LIZHI aims to innovate audio social networking and expand its global reach, leveraging its expertise to improve user experience according to CEO Marco Lai.
LIZHI INC. (NASDAQ: LIZI) announced its inclusion in the FTSE Global Equity Index Series, effective after the U.S. market close on September 17, 2021. This recognition highlights the company's global growth achievements and aims to enhance visibility among global investors. CEO Jinnan (Marco) Lai emphasized LIZHI's commitment to a globalization strategy and sustainable growth, while the FTSE GEIS encompasses over 16,000 securities across developed and emerging markets.
LIZHI (NASDAQ: LIZI) reported a robust financial performance for Q2 2021, with net revenues reaching RMB559.3 million (US$86.6 million), reflecting a 59% year-on-year increase. The average monthly active users (MAUs) grew by 9% to 60.9 million. Additionally, the monthly paying user base rose by 7% to 494.4 thousand. Gross profit surged by 85% to RMB158.8 million (US$24.6 million), with gross margins improving to 28%. However, the company recorded a net loss of RMB29.0 million (US$4.5 million), up 32% from the previous year, attributed to rising operating expenses, particularly in marketing and salaries.
