Welcome to our dedicated page for Cheetah Mobile news (Ticker: CMCM), a resource for investors and traders seeking the latest updates and insights on Cheetah Mobile stock.
Cheetah Mobile Inc. (NYSE: CMCM) is a China-based IT company that combines an established internet business with a growing focus on artificial intelligence and robotics. News about Cheetah Mobile often centers on its financial performance, segment trends between its internet business and its AI and others segment, and management’s commentary on its turnaround efforts and strategic priorities.
Investors following CMCM news can expect regular updates on unaudited consolidated financial results released via quarterly announcements, including details on revenue growth, gross margins, operating profit or loss, and the contribution from AI-related activities. The company also frequently discusses the performance of its AI robot business, which includes voice-enabled wheeled robots and robotic arms, and the role of AI-native tools on PC and mobile.
Cheetah Mobile’s news flow also covers corporate developments such as its agreement, through majority-owned subsidiaries, to acquire a controlling stake in Shenzhen UFACTORY Technology Co., Ltd., a provider of lightweight robotic arms. In addition, the company issues notices about upcoming earnings releases, conference calls and webcasts, and the filing of its annual report on Form 20-F.
By tracking CMCM news, readers can see how Cheetah Mobile’s internet advertising and value-added services business interacts with its AI and robotics initiatives, as well as how management describes progress on profitability, cash position and investment in AI technologies, including LLM technologies. This page provides a centralized view of these announcements for anyone researching Cheetah Mobile’s ongoing business and strategic direction.
Cheetah Mobile (NYSE: CMCM) reported its Q3 2024 financial results, showing a 16.6% year-over-year revenue growth to RMB192.1 million (US$27.4 million). The company's internet business revenue increased by 25.8% to RMB134.3 million, while AI and others remained stable at RMB57.8 million. Despite improvements in gross profit, which grew 13.9% year-over-year to RMB130.4 million, operating losses widened compared to the same period last year. The company maintains strong liquidity with cash and cash equivalents of RMB1,530.5 million and long-term investments of RMB885.9 million as of September 30, 2024.
Cheetah Mobile (NYSE: CMCM) has announced it will release its financial results for the third quarter ended September 30, 2024, before U.S. market opens on December 17, 2024. The company will hold an earnings conference call at 6:00 AM EST on the same day.
Cheetah Mobile is a China-based IT company focused on AI innovation, offering internet products and services for PCs and mobile devices. The company provides advertising services globally, value-added services including premium memberships, multi-cloud management platforms, and service robots. They are actively developing AI technologies, including LLM (Large Language Model) technologies.
Cheetah Mobile (NYSE: CMCM) reported Q2 2024 financial results, showing 12.3% year-over-year revenue growth to RMB187.4 million (US$25.8 million). The growth was driven by increased delivery of service robots in domestic and international markets. AI and others segment revenue grew 42.8% year-over-year, accounting for 39.3% of total revenue. However, the company reported an operating loss of RMB77.5 million (US$10.7 million) due to investments in AI and increased costs. Despite losses, Cheetah Mobile generated RMB218 million in cash from operating activities. The company remains focused on expanding robotics use cases, advancing product innovation with LLMs, and growing its global presence.
Cheetah Mobile Inc. (NYSE: CMCM), a China-based IT company, has announced it will report its financial results for the second quarter ended June 30, 2024, before the U.S. market opens on Friday, September 13, 2024. The company will hold an earnings conference call at 7:00 AM U.S. Eastern Time on the same day. Cheetah Mobile is known for its AI innovation and offers various internet products and services for PCs and mobile devices. The company provides advertising services globally, value-added services to users, a multi-cloud management platform, and service robots to international clients. Cheetah Mobile is actively engaged in AI research and development, including LLM technologies.
Cheetah Mobile (NYSE: CMCM) reported its unaudited financial results for Q1 2024. Total revenues grew 11.6% YoY to RMB190.3 million (US$26.4 million), driven by a 62.1% rise in the AI and others segment following the acquisition of Beijing OrionStar. Internet business revenue fell 9.4% YoY but rose 1.2% QoQ to RMB109.0 million (US$15.1 million).
Operational expenses increased 23.9% YoY to RMB193.9 million (US$26.9 million), leading to an operating loss of RMB80.6 million (US$11.2 million). R&D costs surged 26.2% YoY to RMB57.3 million (US$7.9 million). Net loss widened to RMB80.0 million (US$11.1 million) from RMB18.6 million YoY. The company has cash equivalents and short-term investments amounting to RMB1,793.2 million (US$248.4 million) as of March 31, 2024.
CEO Sheng Fu highlighted the shift from consumer to enterprise-focused services, leveraging AI and LLM capabilities. CFO Thomas Ren noted the strong integration of Beijing OrionStar and anticipated continued revenue growth and margin improvements.
Cheetah Mobile (NYSE: CMCM), a China-based IT company, announced that it will resume quarterly earnings reporting. The company will release its financial results for Q1 2024 on June 7, 2024, before the U.S. market opens.
Management will hold a conference call at 7:00 AM U.S. Eastern Time on the same day. The earnings release and a live webcast of the call will be available on the company's investor relations website.
Cheetah Mobile specializes in AI innovation and offers various internet products and services, including advertising and multi-cloud management platforms. The company has been listed on the New York Stock Exchange since May 2014.
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