36Kr Holdings Inc. Stock Price, News & Analysis

36Kr Holdings Inc. (NASDAQ: KRKR) released its third quarter 2022 financial results, reporting total revenues of RMB94.6 million (US$13.3 million), an 11.5% increase year-over-year. Online advertising revenues surged by 19.8% to RMB63.9 million (US$9.0 million), driven by innovative marketing strategies. Gross profit rose by 24.0% to RMB59.1 million (US$8.3 million), with a gross profit margin of 62.4%. Net income reached RMB2.5 million (US$0.4 million), reversing a loss from the previous year. The company had 26.8 million followers, an 18.6% increase from 2021.

36Kr Holdings Inc. (NASDAQ: KRKR) will report its third quarter 2022 unaudited financial results on December 7, 2022, before U.S. markets open. An earnings conference call will be held at 7:00 AM Eastern Time on the same day. Participants can register for the call via a provided link and will receive dial-in details. A live and archived webcast will be available on the company's investor relations website, and a replay will be offered for one week following the call.

36Kr Holdings Inc. (NASDAQ: KRKR) announced a strategic cooperation with FutureCar, enhancing its presence in the North American New Energy Vehicle (NEV) market. This partnership will involve content sharing and commercialization support, enabling 36Kr to improve its media coverage and capitalize on growth opportunities in the NEV industry. FutureCar, a leading automotive media platform, boasts extensive reach with over 36 million visits. CEO Dagang Feng emphasized this collaboration's potential to elevate 36Kr's global brand influence and support Chinese NEV manufacturers in expanding overseas.

36Kr Holdings Inc. (NASDAQ: KRKR) announced a strategic cooperation with Lenovo to enhance its Enterprise Service Review Platform. This partnership aims to improve Lenovo's customer acquisition for small- and medium-sized businesses through targeted marketing services, leveraging big data analytics. Launched in August, a dedicated content channel focuses on innovative enterprises. The platform showcased over 6,600 SaaS products with 900,000 monthly active users and over 32,000 authentic reviews as of Q2 2022. This collaboration marks a significant milestone in 36Kr's growth strategy, aiming to address the digitalization demands in China's market.

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.