Lizhi Inc. Stock Price, News & Analysis

Lizhi Inc. (NASDAQ: LIZI) reported third-quarter 2020 results, posting net revenues of RMB361.5 million (US$53.2 million), a 10% year-over-year increase. Average monthly active users grew by 21% to 56.2 million, while paying users increased by 17% to 448.3 thousand. The company achieved a non-GAAP net income of RMB0.6 million, compared to a loss in prior periods. Operating loss narrowed significantly by 82% year-over-year. For Q4 2020, Lizhi anticipates revenues between RMB370 million to RMB400 million, considering ongoing market conditions.

LIZHI INC. (NASDAQ: LIZI) announced it will report its third quarter 2020 financial results on November 9, 2020, after U.S. market close. The earnings call is scheduled for 7:00 PM ET that same day. Participants must register online to join the call, which can be accessed through the company's investor relations website. LIZHI is a leading audio community platform in China, known for its user-generated content and interactive audio entertainment, aiming to connect people through vocal talent.

LIZHI INC. (NASDAQ: LIZI), a leading online UGC audio community in China, has been included in a government-backed pilot program aimed at enhancing the online audiovisual industry. This selection, made on October 12, 2020, recognizes LIZHI's innovative contributions to audio technology and content management. The program is part of Guangdong Province's initiative to promote high-quality, diverse content through advanced technologies like 5G and AI. LIZHI aims to enhance support for content creators while ensuring safe audio experiences for users.

LIZHI INC. (NASDAQ: LIZI) has appointed Professor Yike Guo as an independent director, effective immediately. With over 30 years of experience in data science and machine learning, Professor Guo currently serves as the Vice-President (Research and Development) at Hong Kong Baptist University. He also holds a professorship at Imperial College London and has a history of founding and leading technology-oriented companies. The CEO expressed enthusiasm about Professor Guo's potential contributions to LIZHI, particularly in AI and technology innovation, aimed at advancing the company's global strategic growth in the online audio industry.

LIZHI INC. (NASDAQ: LIZI), a prominent online audio community in China, received the Innovative Media and Entertainment Platform award at the Global Future Technologies Conference 2020. Its Q2 2020 financial performance showed net revenue growth of 56% year-on-year, reaching RMB350 million, with mobile monthly active users increasing by 29% to 55.9 million. The company aims to enhance its platform with innovative tools for content creators, supporting over 6.15 million active creators and over 215 million podcasts uploaded.

LIZHI INC. (NASDAQ: LIZI) reported a net revenue of RMB350.9 million (US$49.7 million) for Q2 2020, marking a 56% increase year-over-year. Average monthly active users grew by 29% to 55.9 million, while the number of paying users surged by 51% to 463.4 thousand. Despite the pandemic, LIZHI's diverse audio content strategy attracted a growing audience. However, total revenues decreased 5.2% from the previous quarter. Gross profit was RMB85.7 million, up 33% year-over-year, with a gross margin of 24%. For Q3 2020, revenue is expected between RMB350 million and RMB370 million, reflecting a modest growth outlook.

LIZHI INC. (NASDAQ: LIZI), a prominent online UGC audio community and interactive audio entertainment platform in China, will report its unaudited financial results for Q2 2020 on August 13, 2020, after U.S. market close. The company will host an earnings call at 9:00 PM ET on the same day. Participants must register online to join. The call will provide insights into the company’s performance and future outlook. A live webcast will also be available on their investor relations site.

LIZHI INC. (NASDAQ: LIZI) announced a partnership with AMAP and South China magazine to create free online audio tour guides for cultural sites in China by June 30. Users can access audio guides via AMAP and the LIZHI App, enhancing their travel experience with professional narrators. This initiative aims to integrate cultural elements into tourism, leveraging China's push to increase tourist access to heritage sites. With only 45.5% penetration of online audio among Chinese mobile users, LIZHI sees substantial growth potential in this sector.

Lizhi reported impressive first-quarter results for 2020, achieving net revenues of RMB370.3 million (US$52.3 million), a 42% year-over-year increase. The average mobile monthly active users rose 34% to 54.5 million, while paying users surged by 60% to 450.3 thousand. Despite operational challenges due to COVID-19, the company exceeded guidance and achieved a gross margin improvement of 300 basis points. However, they reported a net loss of RMB48.2 million (US$6.8 million). Looking ahead, Lizhi anticipates net revenues of RMB350 million to RMB380 million for Q2 2020, indicating robust growth potential.