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Qutoutiao Inc. (NASDAQ: QTT) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on March 26, 2021. The report includes audited consolidated financial statements and is accessible through the Company's investor relations website and the SEC’s site. Qutoutiao operates mobile content platforms in China and aims to enhance user engagement through innovative applications like Qutoutiao and Midu. They continue to focus on growth in online content ecosystems and offer annual reports free of charge to shareholders upon request.
Qutoutiao Inc. (NASDAQ: QTT) reported its fourth quarter and fiscal year 2020 results, with net revenues of RMB1,302.4 million (US$199.6 million), declining 21.5% year-over-year but increasing 15.3% sequentially. The company achieved a net loss of RMB81.8 million (US$12.5 million), significantly improved from a net loss of RMB551.4 million in Q4 2019. Non-GAAP net profit was RMB50.8 million (US$7.8 million), a turnaround from a loss the previous year. Average monthly active users (MAUs) decreased 9.6% year-over-year, reflecting challenges in user engagement.
-Earnings Call Scheduled for 7:00 A.M. ET on March 4, 2021-
Qutoutiao Inc. (NASDAQ: QTT) announced its unaudited financial results for Q4 2020 will be disclosed on March 4, 2021, before the US markets open. The earnings conference call will take place at 7:00 AM ET, coinciding with 8:00 PM Beijing time. Participants must register in advance to receive dial-in numbers and passcodes. A live and archived webcast will also be available on Qutoutiao's investor relations website. Replay details will be accessible until March 11, 2021.
Qutoutiao Inc. (NASDAQ: QTT) reported its Q3 2020 financial results, with net revenues of RMB1,130.0 million (US$166.4 million), reflecting a 19.7% decline from the previous year. Average Monthly Active Users (MAUs) decreased to 120.5 million, down from 133.9 million in Q3 2019. Despite a net loss of RMB269.4 million, this was an improvement compared to the loss of RMB888.4 million in Q3 2019. Looking ahead, Qutoutiao expects Q4 2020 revenues to be between RMB1,230 million and RMB1,250 million, indicating a decrease of 25% to 26% year-over-year.
Qutoutiao Inc. (NASDAQ: QTT) will announce its third-quarter financial results for 2020 after U.S. markets close on December 16, 2020. An earnings call is scheduled for 8:00 PM ET that day, with registration required in advance. The call will be accessible via a live and archived webcast on their investor relations website. A replay will be available for a limited time post-call. Qutoutiao operates mobile content platforms in China, providing personalized feeds to users through its flagship app, Qutoutiao.
Qutoutiao Inc. (NASDAQ: QTT) reported its unaudited financial results for Q2 2020, showing a 4.0% year-over-year revenue increase to RMB1,441.0 million (US$204.0 million), surpassing its guidance. Despite net loss narrowing to RMB222.1 million from RMB561.3 million a year prior, the net loss margin improved to 15.4%. The company anticipates a Q3 revenue decline of 18% to 20% year-over-year, potentially impacted by recent advertising compliance issues. Qutoutiao emphasizes enhancing user engagement and retaining liquidity for future operations amid these challenges.
On September 15, 2020, Qutoutiao Inc. (NASDAQ: QTT) announced the release of its unaudited financial results for Q2 2020, scheduled for September 21, 2020, post U.S. market closure. An earnings conference call will be held at 9:00 PM U.S. Eastern Time, with preregistration required due to COVID-19 restrictions. Participants can preregister online and receive dial-in information. An archived replay will be available shortly after the call until September 29, 2020. Qutoutiao operates popular mobile content platforms, providing tailored content to users across China.
Qutoutiao Inc. (NASDAQ: QTT) reported its Q1 2020 financial results, revealing a 26.2% increase in net revenues to RMB1,411.8 million (US$199.4 million). The company's MAUs grew by 24.2% year-over-year, reaching 138.3 million, while DAUs increased by 21.5% to 45.6 million. Despite the growth, Qutoutiao posted a net loss of RMB531.8 million (US$75.1 million), though it was an improvement from RMB688.2 million a year ago. The outlook for Q2 2020 anticipates revenues between RMB1,410 million and RMB1,430 million, reflecting a modest growth of 2% to 3% year-on-year.