Cheetah Mobile ( (CMCM) ) has provided an announcement.
Cheetah Mobile announced its unaudited financial results for Q4 and fiscal year 2024, highlighting a significant revenue increase and reduced non-GAAP operating losses. The company reported a 41.7% year-over-year revenue growth in Q4, driven by its legacy internet business and AI investments, positioning itself as a leading service robot provider. Despite a net loss, Cheetah Mobile demonstrated strong cash flow and liquidity, emphasizing its focus on continued revenue growth and profitability.
More about Cheetah Mobile
Cheetah Mobile is a China-based IT company focused on AI innovation. It offers a range of internet products and services on PCs and mobile devices, providing advertising services, value-added services, and service robots to global clients. The company is committed to leveraging AI technologies to enhance its products and has been listed on the New York Stock Exchange since May 2014.
YTD Price Performance: 6.52%
Average Trading Volume: 41,941
Technical Sentiment Signal: Hold
Current Market Cap: $147M
Learn more about CMCM stock on TipRanks’ Stock Analysis page.