- Cheetah Mobile (NYSE:CMCM) is up 9.4% after beating on top and bottom lines in its Q3 earnings, with double-digit revenue growth both sequentially and year-over-year.
- Gross profit rose 22% to 970.3M (NYSE:MMM) yuan (about $141.3M), with gross margin expanding to 71.8% from a year-ago 68%.
- Attributable net income, meanwhile, rose nearly 20% to 167M yuan ($24.3M).
- Revenues were up 15.6%, and rose 22.5% from the previous quarter, to 1.352B yuan (about $196.9M).
- Mobile entertainment revenues rose 37.5% (and 49.6% sequentially) to 497.9M yuan; revenues from utility products and related services rose 4.4% to 835.6M yuan.
- In operations, global mobile monthly active users was 535M; overseas markets accounted for 68% of those. As for China mobile MAUs, they grew 18% Y/Y and 6% Q/Q, to 171M.
- Cash from operations was 338.8M (about $49.3M); free cash flow came to 326.3M yuan ($47.5M).
- For Q4, it's guiding to revenues of 1.39B-1.43B yuan (about $202M-$208M, vs. $206.9M consensus).
- Earnings call transcript
- Previously: Cheetah Mobile beats by $0.01, beats on revenue (Nov. 21 2018)
- Press release
- Now read: Sea Limited -1.7% as Q3 revenues beat amid higher costs
Original article