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LIZHI INC. (NASDAQ: LIZI) recently hosted its annual Voice Gala, a key event promoting collaboration among audio content creators. The 2022 edition, ongoing since November, rewards creators and enhances user engagement through interactive activities. Since its 2013 inception, LIZHI has prioritized user experience and community building, offering innovative tools to creators. Additionally, the company launched World Cup-themed audio content, gaining recognition in the Apple App Store. LIZHI remains committed to enriching its social audio ecosystem and innovating products to enhance user value.
LIZHI INC. (NASDAQ: LIZI) has been recognized as one of the “Top 20 Internet Companies in Guangzhou” in 2022, marking its fourth consecutive year on this prestigious list. This recognition is part of the Guangzhou Internet Enterprise Rankings, which assesses companies' contributions to the region's digital economy and innovation strategies. LIZHI's founder, Marco Lai, emphasized the company's commitment to innovation in audio-based social networking and entertainment. The rankings were determined by experts evaluating companies across multiple criteria, including R&D investment and social responsibility.
LIZHI INC. (NASDAQ: LIZI) has announced that its LIZHI App is featured on the Apple App Store for the second time, following a prior feature for the LIZHI Podcast App. In anticipation of the FIFA World Cup Qatar 2022, the LIZHI App will introduce themed community activities and has launched the audio content series 'Commercial Success Stories in Pro Sport.' This series explores the business side of sports events, attracting user engagement. COO Zelong Li expressed pride in the achievement, highlighting the company's focus on enhancing its interactive entertainment and audio social networking strategies.
Lizhi Inc. (LIZI) reported its third-quarter 2022 results, with net revenues reaching RMB565.2 million (US$79.5 million), a 12% year-over-year increase. Average monthly active users decreased to 49.7 million, down from 58.9 million in Q3 2021. The net income for the quarter was RMB19.8 million, compared to a net loss of RMB37.1 million a year earlier. Operating income turned positive at RMB12.5 million, driven by improved gross profit of RMB189.1 million. The company also saw strong gross margins, with GAAP gross margin at 33%. However, uncertainties related to COVID-19 continue to pose challenges.
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LIZHI INC. will announce its Q3 2022 financial results on November 16, 2022, before the U.S. market opens. This will be followed by an earnings call at 8:00 AM ET. Interested participants must register 20 minutes in advance via the provided link. The Company, known for its innovative audio-based social platform, is committed to enhancing user engagement through its unique ecosystem. A live webcast of the call will be accessible on the Company's investor relations website.
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Lizhi Inc. (NASDAQ: LIZI) recently celebrated its 1024 Tech Culture Day, featuring progress on key projects in audio technology. Highlights included the innovative hybrid cloud architecture 'iRock' and real-time communication solution 'DOREME', aimed at enhancing audio creation and interactivity. The company also hosted a livestream course on noise reduction solutions for online entertainment, addressing practical challenges in real-time audio processing. Co-founder and CTO Ning Ding emphasized Lizhi's commitment to technological innovation as the cornerstone of its business development.
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