Cheetah Mobile Announces First Quarter 2026 Unaudited Consolidated Financial Results
Rhea-AI Summary
Cheetah Mobile (NYSE:CMCM) reported unaudited first quarter 2026 results with total revenue of RMB259.0 million (US$37.5 million), remaining roughly flat year over year.
Robotics and others revenue grew 175.9% to RMB51.2 million, while services of cloud and AI infrastructure rose 68.3% to RMB46.8 million. Internet services revenue fell 15.2%, and global enterprise services revenue declined 10.5%.
Net loss attributable to shareholders narrowed to RMB17.5 million from RMB33.4 million, and non-GAAP net loss decreased to RMB11.7 million from RMB21.1 million. The company held RMB1,280.6 million in cash and cash equivalents and RMB692.2 million in long-term investments as of March 31, 2026.
Positive
- Robotics and others revenue up 175.9% year over year to RMB51.2 million
- Cloud and AI infrastructure services revenue up 68.3% to RMB46.8 million
- Net loss attributable to shareholders reduced to RMB17.5 million from RMB33.4 million
- Non-GAAP net loss reduced to RMB11.7 million from RMB21.1 million
- Adjusted operating loss from robotics and others narrowed 57.1% to RMB26.9 million
- Cash and cash equivalents of RMB1,280.6 million plus RMB692.2 million long-term investments
Negative
- Total revenue RMB259.0 million remained relatively flat year over year
- Internet services revenue declined 15.2% year over year to RMB135.0 million
- Global enterprise services revenue declined 10.5% year over year to RMB72.8 million
- Operating loss increased to RMB28.3 million from RMB26.5 million
- Non-GAAP operating loss widened to RMB22.5 million from RMB14.3 million
- Advertising agency services revenue fell 51.5% due to policy shifts at a major platform
- Online advertising revenue decreased 46.3%, pressuring segment profitability
News Market Reaction – CMCM
In the Jun 10 session, CMCM declined 9.33%, reflecting a notable negative market reaction. Argus tracked a trough of -17.0% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. Trading volume was exceptionally heavy at 5.0x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
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Robotics and others revenue grew
Financial Highlights
Revenue
- Total revenues were
RMB259.0 million (US ) in the first quarter of 2026.$37.5 million - Revenues from robotics and others increased
175.9% year over year toRMB51.2 million , accounting for19.8% of total revenues in the first quarter of 2026. - Revenue from services of cloud and AI infrastructure increased
68.3% year over year in the first quarter of 2026 toRMB46.8 million , contributing to64.3% of global enterprise services segment revenue and18.1% of this quarter's total revenues. - Revenue from internet value-added services increased
8.2% year over year in the first quarter of 2026 toRMB98.3 million , accounting for72.8% of internet services segment revenue and38.0% of this quarter's total revenues.
Profitability
- Net loss attributable to Cheetah Mobile shareholders was
RMB17.5 million (US ), compared with$2.5 million RMB33.4 million in the same period last year. - Non-GAAP net loss attributable to Cheetah Mobile shareholders was
RMB11.7 million (US ), compared with non-GAAP net loss attributable to Cheetah Mobile shareholders of$1.7 million RMB21.1 million in the same period last year.
Cash Position
- As of March 31, 2026, the Company had
RMB1,280.6 million (US ) in cash and cash equivalents.$185.6 million
Management Commentary
Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented: "During the first quarter of 2026, we continued executing our AI and robotics strategy with a disciplined approach. Our robotics and others segment delivered strong year-over-year growth while adjusted operating loss further narrowed, reflecting improving commercial traction and operating efficiency. We also continued advancing EasyClaw, our AI agent platform focused on enterprise productivity scenarios, and introduced other AI Agent products. We believe long-term opportunities in AI will come from practical applications, workflow integration, and real customer value creation. Across the industry, we are seeing growing adoption of AI agents, which is driving demand for AI infrastructure and cloud services. This trend also benefited our services of cloud and AI infrastructure business, which delivered strong year-over-year revenue growth during the quarter. Supported by stable cash flow from our internet services business, we remain focused on disciplined investment, product execution, and building sustainable long-term growth engines."
Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "Starting from the first quarter of 2026, we began reporting our robotics business as a separate segment to present the operating progress of this business. Historical results previously reported under the AI and others segment are now presented as robotics and others, which primarily includes robotics-related products and services, and global enterprise services, which includes advertising agency and services of cloud and AI infrastructure through partnering with global leading cloud service providers. We also maintained a solid balance sheet, ending the quarter with
First Quarter 2026 Financial Results
Total revenues remained relatively flat year over year, generating
- Revenues from Robotics and Others increased
175.9% year over year toRMB51.2 million , accounting for19.8% of total revenues in the first quarter of 2026. - Internet Services revenue decreased
15.2% year over year toRMB135.0 million . This year-over-year decrease was resulting from a46.3% decline in the Company's online advertising business. However, revenue from internet value added services increased by8.2% year over year in the first quarter of 2026, contributing to72.8% of this quarter's Internet Services segment revenue, and38.0% of this quarter's total revenues. - Global Enterprise Services revenue decreased
10.5% year over year toRMB 72.8 million . This year-over-year decrease resulted from a51.5% decline in the Company's advertising agency services business due to policy shifts from a major global advertising platform. However, revenue from services of cloud and AI infrastructure increased68.3% year over year in the first quarter of 2026, contributing to64.3% of this quarter's Global Enterprise Services segment revenue and18.1% of this quarter's total revenues. This increase was a result of an increasing number of enterprises in the overseas markets adopting AI agent products to improve productivity, which drove demands for both tokens and cloud computing resources through our platform.
Operating loss was
- Adjusted operating loss from Robotics and Others decreased by
57.1% year over year toRMB26.9 million in the first quarter of 2026. - Adjusted operating profit from Internet Services business decreased by
38.2% year over year in the first quarter of 2026, mainly due to the decline in online advertising revenue in this segment, along with our investments in AI agent related products. However, we still earnedRMB15.2 million from the Internet Services business in this quarter, which laid a solid foundation for our investments in robotics and AI applications. - Adjusted operating profit from Global Enterprise Services decreased by
67.3% year over year toRMB13.8 million in the first quarter of 2026. This decline was resulting from the revenue decrease in the Company's advertising agency services business.
Net loss attributable to Cheetah Mobile shareholders was
As of March 31, 2026, the Company had
Conference Call Information
The Company will hold a conference call on June 10, 2026, 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: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 7570048
English Translation:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 0340478
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
About Cheetah Mobile Inc.
Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has developed and launched a diversified suite of software products for PCs and mobile devices, designed to address users' needs in document processing, system optimization, image editing and web browsing, AI agent products, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, services of cloud and AI infrastructure to companies globally, as well as robotic products to international clients. At the same time, it actively engages in research and development of advanced technologies to empower its products and services. Cheetah Mobile 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 resulting from business acquisitions, impairment of goodwill and intangible assets 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 , 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 resulting from business acquisitions and impairment of goodwill and intangible assets resulting from business acquisitions;
- Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions;
- Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions.
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 resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business, as well as impairment of goodwill and intangible assets resulting from business acquisitions. 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, 2025 | March 31, 2026 | ||||
RMB | RMB | USD | |||
ASSETS | |||||
Current assets: | |||||
Cash and cash equivalents | 1,506,625 | 1,280,591 | 185,647 | ||
Short-term investments | 9,527 | 9,499 | 1,377 | ||
Accounts receivable, net | 468,058 | 471,332 | 68,329 | ||
Prepayments and other current assets, net | 1,154,774 | 1,086,601 | 157,524 | ||
Due from related parties, net | 94,821 | 119,067 | 17,261 | ||
Total current assets | 3,233,805 | 2,967,090 | 430,138 | ||
Non-current assets: | |||||
Property and equipment, net | 40,238 | 40,967 | 5,939 | ||
Operating lease right-of-use assets | 16,833 | 14,316 | 2,075 | ||
Intangible assets, net | 54,069 | 51,322 | 7,440 | ||
Goodwill | 460,034 | 460,034 | 66,691 | ||
Long-term investments | 688,459 | 692,209 | 100,349 | ||
Deferred tax assets | 112,913 | 111,313 | 16,137 | ||
Other non-current assets | 77,521 | 79,947 | 11,590 | ||
Total non-current assets | 1,450,067 | 1,450,108 | 210,221 | ||
Total assets | 4,683,872 | 4,417,198 | 640,359 | ||
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY | |||||
Current liabilities: | |||||
Accounts payable | 211,689 | 288,243 | 41,786 | ||
Accrued expenses and other current liabilities | 2,264,659 | 1,967,039 | 285,161 | ||
Due to related parties | 18,613 | 24,298 | 3,522 | ||
Income tax payable | 54,430 | 43,360 | 6,286 | ||
Total current liabilities | 2,549,391 | 2,322,940 | 336,755 | ||
Non-current liabilities: | |||||
Deferred tax liabilities | 21,711 | 21,132 | 3,063 | ||
Other non-current liabilities | 154,422 | 153,789 | 22,295 | ||
Total non-current liabilities | 176,133 | 174,921 | 25,358 | ||
Total liabilities | 2,725,524 | 2,497,861 | 362,113 | ||
Mezzanine equity: | |||||
Redeemable noncontrolling interests | 197,560 | 199,656 | 28,944 | ||
Shareholders' equity: | |||||
Ordinary shares | 254 | 254 | 37 | ||
Additional paid-in capital | 2,736,117 | 2,737,443 | 396,846 | ||
Accumulated deficit | (1,490,947) | (1,508,427) | (218,676) | ||
Accumulated other comprehensive income | 362,245 | 332,503 | 48,203 | ||
Total Cheetah Mobile Inc. shareholders' | 1,607,669 | 1,561,773 | 226,410 | ||
Noncontrolling interests | 153,119 | 157,908 | 22,892 | ||
Total shareholders' equity | 1,760,788 | 1,719,681 | 249,302 | ||
Total liabilities, mezzanine equity and | 4,683,872 | 4,417,198 | 640,359 | ||
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 | ||||||
March 31, 2025 | March 31, 2026 | March 31, 2026 | ||||
RMB | RMB | USD | ||||
Revenues | 259,006 | 258,993 | 37,546 | |||
Internet Services | 159,141 | 135,005 | 19,572 | |||
Global Enterprise Services | 81,297 | 72,750 | 10,547 | |||
Robotics and others | 18,568 | 51,238 | 7,427 | |||
Cost of revenues (a) | (69,505) | (92,431) | (13,400) | |||
Gross profit | 189,501 | 166,562 | 24,146 | |||
Operating income and expenses: | ||||||
Research and development (a) | (61,244) | (57,722) | (8,368) | |||
Selling and marketing (a) | (104,838) | (71,714) | (10,396) | |||
General and administrative (a) | (52,624) | (66,136) | (9,588) | |||
Other operating income | 2,670 | 722 | 105 | |||
Total operating income and expenses | (216,036) | (194,850) | (28,247) | |||
Operating loss | (26,535) | (28,288) | (4,101) | |||
Other income/(expenses): | ||||||
Interest income, net | 5,605 | 3,422 | 496 | |||
Foreign exchange gains | 1,650 | 19,252 | 2,791 | |||
Others (expense)/income, net | (4,009) | 1,321 | 192 | |||
Loss before income taxes | (23,289) | (4,293) | (622) | |||
Income tax expenses | (4,820) | (7,623) | (1,105) | |||
Net loss | (28,109) | (11,916) | (1,727) | |||
Less: net income attributable to noncontrolling interests | 5,248 | 5,564 | 807 | |||
Net loss attributable to Cheetah Mobile shareholders | (33,357) | (17,480) | (2,534) | |||
Net loss per share | ||||||
Basic | (0.0235) | (0.0126) | (0.0018) | |||
Diluted | (0.0236) | (0.0127) | (0.0018) | |||
Net loss per ADS | ||||||
Basic | (1.1749) | (0.6306) | (0.0900) | |||
Diluted | (1.1814) | (0.6334) | (0.0900) | |||
Weighted average number of shares outstanding | ||||||
Basic | 1,515,787,128 | 1,551,965,718 | 1,551,965,718 | |||
Diluted | 1,515,787,128 | 1,551,965,718 | 1,551,965,718 | |||
Weighted average number of ADSs outstanding | ||||||
Basic | 30,315,743 | 31,039,314 | 31,039,314 | |||
Diluted | 30,315,743 | 31,039,314 | 31,039,314 | |||
Other comprehensive loss , net of tax of nil | ||||||
Foreign currency translation adjustments | (272) | (31,160) | (4,517) | |||
Unrealized gains on available-for-sale securities, net | 2,660 | 585 | 85 | |||
Other comprehensive income/(loss) | 2,388 | (30,575) | (4,432) | |||
Total comprehensive loss | (25,721) | (42,491) | (6,159) | |||
Less: Total comprehensive income attributable to noncontrolling | 6,662 | 4,731 | 686 | |||
Total comprehensive loss attributable to Cheetah Mobile shareholders | (32,383) | (47,222) | (6,845) | |||
For The Three Months Ended | ||||||
March 31, 2025 | March 31, 2026 | March 31, 2026 | ||||
(a) Share-based compensation expenses | RMB | RMB | USD | |||
Cost of revenues | 5 | - | - | |||
Research and development | 296 | 932 | 135 | |||
Selling and marketing | 71 | 505 | 73 | |||
General and administrative | 5,212 | 2,044 | 296 | |||
Total | 5,584 | 3,481 | 504 | |||
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 March 31, 2026 | |||||
GAAP | Share-based | Amortization of | Non-GAAP | ||
Result | Compensation | intangible assets* | Result | ||
RMB | RMB | RMB | RMB | USD | |
Revenues | 258,993 | - | - | 258,993 | 37,546 |
Cost of revenues | (92,431) | - | - | (92,431) | (13,400) |
Gross profit | 166,562 | - | - | 166,562 | 24,146 |
Research and development | (57,722) | 932 | 231 | (56,559) | (8,200) |
Selling and marketing | (71,714) | 505 | 2,070 | (69,139) | (10,023) |
General and administrative | (66,136) | 2,044 | - | (64,092) | (9,292) |
Other operating income, net | 722 | - | - | 722 | 105 |
Total operating income and expenses | (194,850) | 3,481 | 2,301 | (189,068) | (27,410) |
Operating loss | (28,288) | 3,481 | 2,301 | (22,506) | (3,264) |
Net loss attributable to Cheetah Mobile shareholders | (17,480) | 3,481 | 2,301 | (11,698) | (1,697) |
Diluted losses per ordinary share (RMB) | (0.0127) | 0.0022 | 0.0016 | (0.0089) | |
Diluted losses per ADS (RMB) | (0.6334) | 0.1100 | 0.0784 | (0.4450) | |
Diluted losses per ADS (USD) | (0.0900) | 0.0159 | 0.0114 | (0.0645) | |
For The Three Months Ended March 31, 2025 | |||||
GAAP | Share-based | Amortization of | Non-GAAP | ||
Result | Compensation | intangible assets* | Result | ||
RMB | RMB | RMB | RMB | ||
Revenues | 259,006 | - | - | 259,006 | |
Cost of revenues | (69,505) | 5 | - | (69,500) | |
Gross profit | 189,501 | 5 | - | 189,506 | |
Research and development | (61,244) | 296 | 6,156 | (54,792) | |
Selling and marketing | (104,838) | 71 | 469 | (104,298) | |
General and administrative | (52,624) | 5,212 | - | (47,412) | |
Other operating income, net | 2,670 | - | - | 2,670 | |
Total operating income and expenses | (216,036) | 5,579 | 6,625 | (203,832) | |
Operating loss | (26,535) | 5,584 | 6,625 | (14,326) | |
Net loss attributable to Cheetah Mobile shareholders | (33,357) | 5,584 | 6,625 | (21,148) | |
Diluted losses per ordinary share (RMB) | (0.0236) | 0.0037 | 0.0043 | (0.0156) | |
Diluted losses per ADS (RMB) | (1.1814) | 0.1850 | 0.2164 | (0.7800) | |
* This represents amortization of intangible assets resulting from business acquisitions. | |||||
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 March 31, 2026 | ||||||||||
Internet Services | Global Enterprise Services | Robotics and others | Consolidated | |||||||
RMB | RMB | RMB | USD | |||||||
Revenues from external customers | 135,005 | 72,750 | 51,238 | 258,993 | 37,546 | |||||
Inter-segment revenues | - | 11,130 | - | 11,130 | 1,614 | |||||
Segment revenue | 135,005 | 83,880 | 51,238 | 270,123 | 39,160 | |||||
Elimination of inter-segment revenue | (11,130) | (1,614) | ||||||||
Consolidated Revenues | 258,993 | 37,546 | ||||||||
Operating Costs and expenses | ||||||||||
Cost of revenues(i) | 29,157 | 43,940 | 26,458 | |||||||
Selling and marketing(i) | 39,649 | 9,180 | 19,747 | |||||||
Research and development(i) | 28,992 | 378 | 27,142 | |||||||
Other segment items(i) | 22,011 | 16,629 | 4,761 | |||||||
Adjusted operating income/(losses) | 15,196 | 13,753 | (26,870) | 2,079 | 301 | |||||
Unallocated amounts-share based compensations | 3,481 | 504 | ||||||||
Unallocated amounts-corporate expense | 26,886 | 3,898 | ||||||||
Operating loss | (28,288) | (4,101) | ||||||||
Reconciliation of segment profit/(loss) | ||||||||||
Interest income, net | 3,422 | 496 | ||||||||
Foreign exchange gains, net | 19,252 | 2,791 | ||||||||
Other income, net | 1,321 | 192 | ||||||||
Loss before income taxes | (4,293) | (622) | ||||||||
For The Three Months Ended March 31, 2025 | ||||||||||
Internet Services | Global Enterprise Services | Robotics and others | Consolidated | |||||||
RMB | RMB | RMB | ||||||||
Revenues from external customers | 159,141 | 81,297 | 18,568 | 259,006 | ||||||
Inter-segment revenues | - | 8,521 | - | 8,521 | ||||||
Segment revenue | 159,141 | 89,818 | 18,568 | 267,527 | ||||||
Elimination of inter-segment revenue | (8,521) | |||||||||
Consolidated Revenues | 259,006 | |||||||||
Operating Costs and expenses | ||||||||||
Cost of revenues(i) | 22,992 | 28,317 | 24,486 | |||||||
Selling and marketing(i) | 67,496 | 14,782 | 20,031 | |||||||
Research and development(i) | 32,843 | 1,259 | 26,379 | |||||||
Other segment items(i) | 11,203 | 3,397 | 10,345 | |||||||
Adjusted operating income/(losses) | 24,607 | 42,063 | (62,673) | 3,997 | ||||||
Unallocated amounts-share based compensations | 5,584 | |||||||||
Unallocated amounts-corporate expense | 24,948 | |||||||||
Operating loss | (26,535) | |||||||||
Reconciliation of segment profit/(loss) | ||||||||||
Interest income, net | 5,605 | |||||||||
Foreign exchange gains, net | 1,650 | |||||||||
Other income, net | (4,009) | |||||||||
Loss before income taxes | (23,289) | |||||||||
(i) Share-based compensations and certain corporate expenses were not allocated to segments. Other segment items include general and administrative expenses and | ||||||||||
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 | ||||||
March 31, 2025 | March 31, 2026 | March 31, 2026 | ||||
RMB | USD | |||||
Net loss attributable to Cheetah Mobile shareholders | (33,357) | (17,480) | (2,534) | |||
Add: | ||||||
Income tax expenses | 4,820 | 7,623 | 1,105 | |||
Interest income, net | (5,605) | (3,422) | (496) | |||
Depreciation and other amortization | 9,782 | 6,464 | 937 | |||
Net income attributable to noncontrolling interests | 5,248 | 5,564 | 807 | |||
Other expense/(income), net | 2,359 | (20,573) | (2,983) | |||
Share-based compensation | 5,584 | 3,481 | 504 | |||
Adjusted EBITDA | (11,169) | (18,343) | (2,660) | |||
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SOURCE Cheetah Mobile