Cheetah Mobile Announces Second Quarter 2025 Unaudited Consolidated Financial Results

Rhea-AI Summary

Cheetah Mobile (NYSE: CMCM) reported strong Q2 2025 financial results, with total revenue increasing 57.5% year-over-year to RMB295.2 million (US$41.2 million). The company's AI and others segment grew 86.4% year-over-year, contributing 46.5% of total revenue.

The company significantly improved its profitability metrics, with non-GAAP operating loss reducing by 96.7% year-over-year to RMB2.1 million. Gross margin expanded to 76.1% from 64.8% in the year-ago quarter. The company maintains a strong balance sheet with cash and cash equivalents of RMB2,019.6 million (US$281.9 million) and generated RMB361.7 million from operations in Q2.

The company's strategic transformation to a subscription-based model in its Internet business and focused efficiency-driven strategy in AI development are showing positive results. The planned acquisition of UFACTORY aims to strengthen its robotics capabilities.

Positive

• Total revenue grew 57.5% year-over-year to RMB295.2 million
• AI segment revenue increased 86.4% year-over-year
• Gross margin improved to 76.1% from 64.8% year-ago
• Non-GAAP operating loss reduced by 96.7% year-over-year
• Generated RMB361.7 million from operating activities
• Strong cash position of RMB2,019.6 million

Negative

• Still operating at a net loss of RMB22.6 million
• AI and others segment remains unprofitable despite reduced losses
• Operating loss of RMB11.1 million persists despite improvements

BEIJING, Sept. 11, 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 ended June 30, 2025.

Management Commentary

Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "We delivered another quarter of solid topline growth and meaningful improvement in profitability, underscoring the early progress of our strategic transformation. Total revenue increased 57.5% year-over-year, driven by strong performance of both of our reporting segments. Our Internet business continued to benefit from our transition to a subscription-based model, with growing user engagement and retention. Revenue from our AI and others segment grew 86.4% year-over-year and accounted for 46.5% of total revenue. With the planned addition of UFACTORY, our recently acquired robotic arm business, we aim to strengthen our robotics capabilities and expand our addressable market. We remain committed to investing in AI utility applications and robotics. Encouraged by our business momentum, we will continue to drive sustainable growth and long-term shareholder value."

Mr. Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "We continued to improve profitability in the second quarter, supported by disciplined execution and enhanced operational efficiency. Both GAAP and non-GAAP losses once again narrowed significantly year-over-year and quarter-over-quarter, reflecting meaningful progress in our loss reduction efforts. This demonstrates that our path to profitability is both credible and sustained. Our Internet business remained profitable, while adjusted operating losses from our AI and others segment declined significantly, down 62.8% year-over-year and 32.1% quarter-over-quarter, as we shifted from early exploration to a more focused, efficiency-driven strategy. Leveraging AI to accelerate R&D and scale up real-world use cases has contributed meaningfully to this improvement. Our balance sheet remains healthy, giving us the flexibility to continue investing in innovation while maintaining a clear path toward breakeven."

Second Quarter 2025 Financial Highlight

• Total revenues grew by 57.5% year-over-year and 14.0% quarter-over-quarter, accelerating to RMB295.2 million (US$41.2 million) in the second quarter of 2025.
• Gross profit increased by 85.0% year-over-year and 18.6% quarter-over-quarter, to RMB224.8 million (US$31.4 million) in the second quarter of 2025. Non-GAAP gross profit rose by 84.4% year-over-year and 18.6% quarter-over-quarter to RMB224.8 million (US$31.4 million). Gross margin was 76.1% in the second quarter of 2025, up from 64.8% in the year-ago quarter and 73.2% in the previous quarter. Non-GAAP gross margin was 76.1% in the second quarter of 2025, up from 65.0% in the year-ago quarter and 73.2% in the previous quarter.
• Operating loss reduced by 85.7% year-over-year and 58.3% quarter-over-quarter to RMB11.1 million (US$1.5 million) in the second quarter of 2025. Non-GAAP operating loss reduced by 96.7% year-over-year and 85.5% quarter-over-quarter to RMB2.1 million (US$0.3 million) in the second quarter of 2025.
• Net loss attributable to Cheetah Mobile Shareholders decreased by 81.7% year-over-year and 32.1% quarter-over-quarter to RMB22.6 million (US$3.2 million) in the second quarter of 2025. Non-GAAP net loss attributable to Cheetah Mobile Shareholders decreased by 87.4% year-over-year and 35.4% quarter-over-quarter to RMB13.7 million (US$1.9 million) in the second quarter of 2025.
• As of June 30, 2025, the Company had cash and cash equivalents of RMB2,019.6 million (US$281.9 million), ensuring strong liquidity. In the second quarter, the Company generated RMB361.7 million (US$50.5 million) from its operating activities.
• As of June 30, 2025, the Company had long-term investments of RMB791.2 million (US$110.5 million).

Conference Call Information

The Company will hold a conference call on September 11, 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: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 4960957

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: 3115762

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 RMB7.1636 to US$1.00, the exchange rate in effect as of June 30, 2025, 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, 2024		June 30, 2025
	RMB		RMB		USD
ASSETS
Current assets:
Cash and cash equivalents	1,833,031		2,019,598		281,925
Short-term investments	335		336		47
Accounts receivable, net	473,619		436,074		60,874
Prepayments and other current assets, net	1,365,761		1,001,989		139,873
Due from related parties, net	106,934		118,748		16,577
Total current assets	3,779,680		3,576,745		499,296
Non-current assets:
Property and equipment, net	51,564		40,856		5,703
Operating lease right-of-use assets	26,323		21,680		3,026
Intangible assets, net	190,665		176,758		24,674
Goodwill	424,099		424,099		59,202
Long-term investments	817,330		791,238		110,453
Deferred tax assets	128,581		127,696		17,826
Other non-current assets	86,059		81,097		11,321
Total non-current assets	1,724,621		1,663,424		232,205
Total assets	5,504,301		5,240,169		731,501
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	219,566		227,013		31,690
Accrued expenses and other current liabilities	2,756,805		2,576,527		359,669
Due to related parties	69,606		19,167		2,676
Income tax payable	35,804		43,812		6,116
Total current liabilities	3,081,781		2,866,519		400,151
Non-current liabilities:
Deferred tax liabilities	43,046		40,443		5,646
Other non-current liabilities	172,348		167,755		23,418
Total non-current liabilities	215,394		208,198		29,064
Total liabilities	3,297,175		3,074,717		429,215
Mezzanine equity:
Redeemable noncontrolling interests	189,725		194,077		27,092
Shareholders' equity:
Ordinary shares	248		249		35
Additional paid-in capital	2,722,504		2,724,540		380,331
Accumulated deficit	(1,232,577)		(1,288,577)		(179,878)
Accumulated other comprehensive income	410,423		403,029		56,261
Total Cheetah Mobile Inc. shareholders' equity	1,900,598		1,839,241		256,749
Noncontrolling interests	116,803		132,134		18,445
Total shareholders' equity	2,017,401		1,971,375		275,194
Total liabilities, mezzanine equity and shareholders' equity	5,504,301		5,240,169		731,501

 

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 Six Months Ended
		June 30, 2024		June 30, 2025		June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2025
		RMB		RMB		USD		RMB		RMB		USD
Revenues		187,417		295,218		41,211		377,705		554,224		77,366
Internet business		113,729		157,837		22,033		222,749		316,978		44,248
AI and others		73,688		137,381		19,178		154,956		237,246		33,118
Cost of revenues (a)		(65,895)		(70,426)		(9,831)		(135,651)		(139,931)		(19,534)
Gross profit		121,522		224,792		31,380		242,054		414,293		57,832
Operating income and expenses:
Research and development (a)		(54,285)		(67,083)		(9,364)		(111,616)		(128,327)		(17,914)
Selling and marketing (a)		(73,396)		(102,434)		(14,299)		(148,532)		(207,272)		(28,934)
General and administrative (a)		(71,610)		(66,627)		(9,301)		(140,755)		(119,251)		(16,647)
Other operating income, net		228		289		40		736		2,959		413
Total operating income and expenses		(199,063)		(235,855)		(32,924)		(400,167)		(451,891)		(63,082)
Operating loss		(77,541)		(11,063)		(1,544)		(158,113)		(37,598)		(5,250)
Other income/(expenses):
Interest income, net		9,773		9,980		1,393		25,089		15,585		2,176
Foreign exchange (losses)/gains		(7,564)		6,349		886		(10,841)		7,999		1,117
Other expense, net		(51,612)		(17,844)		(2,491)		(59,207)		(21,853)		(3,051)
Loss before income taxes		(126,944)		(12,578)		(1,756)		(203,072)		(35,867)		(5,008)
Income tax benefits/(expenses)		6,391		(3,865)		(540)		6,193		(8,685)		(1,212)
Net loss		(120,553)		(16,443)		(2,296)		(196,879)		(44,552)		(6,220)
Less: net income attributable to noncontrolling interests		3,288		6,200		865		6,997		11,448		1,598
Net loss attributable to Cheetah Mobile shareholders		(123,841)		(22,643)		(3,161)		(203,876)		(56,000)		(7,818)
Net loss per share
Basic		(0.0841)		(0.0162)		(0.0023)		(0.1390)		(0.0397)		(0.0055)
Diluted		(0.0841)		(0.0163)		(0.0023)		(0.1391)		(0.0398)		(0.0056)
Net loss per ADS
Basic		(4.2042)		(0.8116)		(0.1150)		(6.9488)		(1.9861)		(0.2750)
Diluted		(4.2067)		(0.8152)		(0.1150)		(6.9542)		(1.9923)		(0.2800)
Weighted average number of shares outstanding
Basic		1,495,962,672		1,518,381,903		1,518,381,903		1,495,088,007		1,517,084,516		1,517,084,516
Diluted		1,495,962,672		1,518,381,903		1,518,381,903		1,495,088,007		1,517,084,516		1,517,084,516
Weighted average number of ADSs outstanding
Basic		29,919,253		30,367,638		30,367,638		29,901,760		30,341,690		30,341,690
Diluted		29,919,253		30,367,638		30,367,638		29,901,760		30,341,690		30,341,690
Other comprehensive income/(loss), net of tax of nil
Foreign currency translation adjustments		8,383		(7,643)		(1,067)		29,414		(7,915)		(1,105)
Unrealized gains on available-for-sale securities, net		(9,206)		188		26		(7,434)		2,848		398
Other comprehensive (loss)/income		(823)		(7,455)		(1,041)		21,980		(5,067)		(707)
Total comprehensive loss		(121,376)		(23,898)		(3,337)		(174,899)		(49,619)		(6,927)
Less: Total comprehensive income attributable to noncontrolling interests		2,118		7,113		993		4,544		13,775		1,923
Total comprehensive loss attributable to Cheetah Mobile shareholders		(123,494)		(31,011)		(4,330)		(179,443)		(63,394)		(8,850)

 

		For The Three Months Ended						For The Six Months Ended
		June 30, 2024		June 30, 2025		June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2025
(a) Share-based compensation expenses		RMB		RMB		USD		RMB		RMB		USD
Cost of revenues		357		5		1		449		10		1
Research and development		116		62		9		408		358		50
Selling and marketing		154		229		32		110		300		42
General and administrative		7,831		2,065		288		15,076		7,277		1,016
Total		8,458		2,361		330		16,043		7,945		1,109

 

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 June 30, 2025						For The Six Months Ended June 30, 2025
	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	USD		RMB	RMB	RMB	RMB	USD
Revenues	295,218	-	-	295,218	41,211		554,224	-	-	554,224	77,366
Cost of revenues	(70,426)	5	-	(70,421)	(9,830)		(139,931)	10	-	(139,921)	(19,533)
Gross profit	224,792	5	-	224,797	31,381		414,293	10	-	414,303	57,833
Research and development	(67,083)	62	6,156	(60,865)	(8,496)		(128,327)	358	12,312	(115,657)	(16,145)
Selling and marketing	(102,434)	229	469	(101,736)	(14,202)		(207,272)	300	938	(206,034)	(28,761)
General and administrative	(66,627)	2,065	-	(64,562)	(9,013)		(119,251)	7,277	-	(111,974)	(15,631)
Other operating income, net	289	-	-	289	40		2,959	-	-	2,959	413
Total operating income and expenses	(235,855)	2,356	6,625	(226,874)	(31,671)		(451,891)	7,935	13,250	(430,706)	(60,124)
Operating loss	(11,063)	2,361	6,625	(2,077)	(290)		(37,598)	7,945	13,250	(16,403)	(2,291)
Net loss attributable to Cheetah Mobile shareholders	(22,643)	2,361	6,625	(13,657)	(1,907)		(56,000)	7,945	13,250	(34,805)	(4,859)
Diluted losses per ordinary share (RMB)	(0.0163)	0.0016	0.0043	(0.0104)			(0.0398)	0.0052	0.0086	(0.0260)
Diluted losses per ADS (RMB)	(0.8152)	0.0800	0.2152	(0.5200)			(1.9923)	0.2600	0.4323	(1.3000)
Diluted losses per ADS (USD)	(0.1150)	0.0112	0.0312	(0.0726)			(0.2800)	0.0363	0.0622	(0.1815)

 

	For The Three Months Ended  June 30, 2024				For The Six Months Ended  June 30, 2024
	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	187,417	-	-	187,417	377,705	-	-	377,705
Cost of revenues	(65,895)	357	-	(65,538)	(135,651)	449	-	(135,202)
Gross profit	121,522	357	-	121,879	242,054	449	-	242,503
Research and development	(54,285)	116	6,156	(48,013)	(111,616)	408	12,312	(98,896)
Selling and marketing	(73,396)	154	469	(72,773)	(148,532)	110	938	(147,484)
General and administrative	(71,610)	7,831	-	(63,779)	(140,755)	15,076	-	(125,679)
Other operating income, net	228	-	-	228	736	-	-	736
Total operating income and expenses	(199,063)	8,101	6,625	(184,337)	(400,167)	15,594	13,250	(371,323)
Operating loss	(77,541)	8,458	6,625	(62,458)	(158,113)	16,043	13,250	(128,820)
Net loss attributable to Cheetah Mobile shareholders	(123,841)	8,458	6,625	(108,758)	(203,876)	16,043	13,250	(174,583)
Diluted losses per ordinary share (RMB)	(0.0841)	0.0057	0.0043	(0.0741)	(0.1391)	0.0107	0.0089	(0.1195)
Diluted losses per ADS (RMB)	(4.2067)	0.2850	0.2167	(3.7050)	(6.9542)	0.5350	0.4442	(5.9750)

* 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 June 30, 2025								For The Six Months Ended June 30, 2025
		Internet Business		AI and others		Consolidated				Internet Business		AI and others		Consolidated
		RMB		RMB		RMB		USD		RMB		RMB		RMB		USD
Revenues		157,837		137,381		295,218		41,211		316,978		237,246		554,224		77,366
Operating Costs and expenses
Cost of revenues(i)		26,315		44,106		70,421		9,830		49,307		90,614		139,921		19,533
Selling and marketing(i)		62,119		40,086		102,205		14,267		129,615		77,357		206,972		28,892
Research and development(i)		33,409		33,612		67,021		9,355		66,252		61,717		127,969		17,864
Other segment items(i)		13,744		50,529		64,273		8,973		24,947		84,068		109,015		15,218
Adjusted operating income/(losses)		22,250		(30,952)		(8,702)		(1,214)		46,857		(76,510)		(29,653)		(4,141)
Unallocated amounts-share based compensations						(2,361)		(330)						(7,945)		(1,109)
Operating loss						(11,063)		(1,544)						(37,598)		(5,250)
Reconciliation of segment profit/(loss)
Interest income, net						9,980		1,393						15,585		2,176
Foreign exchange gains, net						6,349		886						7,999		1,117
Other (expense)/income, net						(17,844)		(2,491)						(21,853)		(3,051)
Loss before income taxes						(12,578)		(1,756)						(35,867)		(5,008)

 

		For The Three Months Ended June 30, 2024						For The Six Months Ended June 30, 2024
		Internet Business		AI and others		Consolidated		Internet Business		AI and others		Consolidated
		RMB		RMB		RMB		RMB		RMB		RMB
Revenues		113,729		73,688		187,417		222,749		154,956		377,705
Operating Costs and expenses
Cost of revenues(i)		19,730		45,808		65,538		38,951		96,251		135,202
Selling and marketing(i)		39,384		33,858		73,242		77,589		70,833		148,422
Research and development(i)		25,444		28,725		54,169		52,231		58,977		111,208
Other segment items(i)		15,012		48,539		63,551		31,157		93,786		124,943
Adjusted operating income/(losses)		14,159		(83,242)		(69,083)		22,821		(164,891)		(142,070)
Unallocated amounts-share based compensations						(8,458)						(16,043)
Operating loss						(77,541)						(158,113)
Reconciliation of segment profit/(loss)
Interest income, net						9,773						25,089
Foreign exchange losses, net						(7,564)						(10,841)
Other (expense)/income, net						(51,612)						(59,207)
Loss before income taxes						(126,944)						(203,072)

 

(i) Share-based compensations were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective 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 Six Months Ended
		June 30, 2024		June 30, 2025		June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2025
		RMB		RMB		USD		RMB		RMB		USD
Net loss attributable to Cheetah Mobile shareholders		(123,841)		(22,643)		(3,161)		(203,876)		(56,000)		(7,818)
Add:
Income tax (benefits)/expenses		(6,391)		3,865		540		(6,193)		8,685		1,212
Interest income, net		(9,773)		(9,980)		(1,393)		(25,089)		(15,585)		(2,176)
Depreciation and other amortization		12,317		10,757		1,502		24,629		20,539		2,867
Net income attributable to noncontrolling interests		3,288		6,200		865		6,997		11,448		1,598
Other expense		59,176		11,495		1,605		70,048		13,854		1,934
Share-based compensation		8,458		2,361		330		16,043		7,945		1,109
Adjusted EBITDA		(56,766)		2,055		288		(117,441)		(9,114)		(1,274)

 

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SOURCE Cheetah Mobile

FAQ

What were Cheetah Mobile's (CMCM) Q2 2025 revenue results?

Cheetah Mobile reported total revenue of RMB295.2 million (US$41.2 million), representing a 57.5% increase year-over-year and 14.0% growth quarter-over-quarter.

How much did CMCM's AI segment grow in Q2 2025?

CMCM's AI and others segment grew 86.4% year-over-year and accounted for 46.5% of total revenue.

What is Cheetah Mobile's current cash position in Q2 2025?

As of June 30, 2025, Cheetah Mobile had cash and cash equivalents of RMB2,019.6 million (US$281.9 million) and generated RMB361.7 million from operating activities.

How much did CMCM reduce its operating losses in Q2 2025?

CMCM reduced its non-GAAP operating loss by 96.7% year-over-year to RMB2.1 million (US$0.3 million).

What was Cheetah Mobile's gross margin in Q2 2025?

Cheetah Mobile's gross margin was 76.1% in Q2 2025, up from 64.8% in the year-ago quarter and 73.2% in the previous quarter.