36Kr Holdings Inc. Stock Price, News & Analysis

36Kr Holdings Inc. (NASDAQ: KRKR) reported a 13.4% increase in total revenues for Q2 2022, reaching RMB81.7 million (US$12.2 million), compared to RMB72.1 million in Q2 2021. Online advertising services revenue rose 11.8% to RMB57.8 million (US$8.6 million). Subscription service revenue surged 58.2% to RMB9.5 million (US$1.4 million). The net income was RMB9.0 million (US$1.3 million), a turnaround from a net loss of RMB34.3 million in the previous year. The gross profit margin improved to 62.3%.

36Kr Holdings Inc. (NASDAQ: KRKR) will announce its Q2 2022 financial results on August 24, 2022, prior to the U.S. market opening. An earnings conference call is scheduled for 8:00 AM ET on the same day. Participants can register online to join the call and receive dial-in details. The event will also be available via a live and archived webcast on the Company's investor relations website. This report will provide insights into the Company's performance as a key participant in China's New Economy.

36Kr Holdings Inc. (NASDAQ: KRKR) announced a collaboration between its Enterprise Service Review Platform and Volcano Engine, the cloud service brand of ByteDance. This partnership will provide comprehensive marketing solutions including customer acquisition and content management. The platform already showcases around 6,000 SaaS products and has seen its monthly active users rise to about 900,000, a nearly 26-fold increase year-over-year. This collaboration aims to enhance the efficiency of customer acquisition and product selection for clients, marking a significant step in 36Kr's business development.

36Kr Holdings (NASDAQ: KRKR) reported its Q1 2022 financial results, showcasing a 14% year-over-year revenue increase to RMB49.6 million. The company achieved a record net income of RMB32.6 million, marking its highest quarterly earnings since its IPO in November 2019. 36Kr's advertising services generated RMB37.6 million, up 13% YoY, outperforming industry competitors. Additionally, its new Enterprise Service Review platform displayed strong growth metrics, with 900,000 monthly active users, indicating robust potential in the SaaS sector.

36Kr Holdings Inc. (NASDAQ: KRKR) reported its unaudited financial results for Q1 2022, revealing a 13.9% increase in total revenues to RMB49.6 million (US$7.8 million). Online advertising services rose by 13.1% to RMB37.6 million, while enterprise value-added services grew significantly by 35.4% to RMB9.3 million. The company's net income soared to RMB32.6 million (US$5.1 million), a turnaround from a net loss of RMB40.5 million in Q1 2021. As of March 31, 2022, 36Kr had 24.1 million followers, marking a 25.5% year-over-year increase.

36Kr Holdings Inc. (NASDAQ: KRKR) will report its first quarter 2022 unaudited financial results on June 1, 2022, before U.S. market opening. Management will host an earnings call at 8:00 AM U.S. Eastern Time. Participants must register 20 minutes in advance using the provided link. A live and archived webcast will be available on the investor relations website. The Company is dedicated to serving New Economy participants in China, focusing on high-quality content and business services.

36Kr Holdings Inc. (NASDAQ: KRKR) announced an SEC identification under the Holding Foreign Companies Accountable Act (HFCAA) on May 4, 2022, due to its auditor's working papers being uninspectable by the PCAOB. This means that if the SEC identifies the company for three consecutive years, trading would be prohibited. Despite this identification, 36Kr's NASDAQ listing remains unaffected. The company is actively exploring solutions to protect shareholders from potential regulatory risks while complying with laws in both China and the U.S.

36Kr Holdings Inc. (NASDAQ: KRKR) announced the filing of its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2021, on April 25, 2022. The report includes audited consolidated financial statements, accessible via the Company's investor relations website and the SEC's website. Shareholders can request a free hard copy of the report. 36Kr is focused on servicing China's New Economy participants through content offerings, business services, and strong data analytics capabilities. The Company aims to capture growth opportunities in this evolving market.

36Kr Holdings Inc. (KRKR) announced its acquisition of a 7.273% equity interest in Hangzhou Jialin Information Technology Co., Ltd. for RMB40 million as part of its round B financing. The Company transferred its 100% equity interest in Beijing Dianqier Creative Interactive Media Culture Co., Ltd. in exchange. This transaction is expected to yield approximately RMB36 million in gains in Q1 2022, pending auditor review. 36Kr continues to position itself as a key player in China's New Economy, leveraging content and business services to empower various sectors.