Cheetah Mobile Reports Strong Revenue Growth in Q4 2024

Cheetah Mobile ( (CMCM) ) has released its Q4 earnings. Here is a breakdown of the information Cheetah Mobile presented to its investors.

Cheetah Mobile Inc. is a China-based IT company specializing in AI innovation and internet services, providing advertising and value-added services globally, and developing service robots. In its latest earnings report, the company announced a significant increase in total revenue for the fourth quarter of 2024, with a year-over-year growth of 41.7% and a quarter-over-quarter growth of 23.4%. This growth is attributed to the company’s focus on high-quality growth and business turnaround, supported by its legacy internet business and advancements in AI and robotics. Key financial highlights include a gross profit increase of 74.4% year-over-year and a reduction in non-GAAP operating losses. Despite these improvements, the company reported a net loss attributable to shareholders, though it showed progress in reducing non-GAAP net losses. Looking ahead, Cheetah Mobile aims to drive revenue growth and work towards profitability, leveraging its strong cash position and strategic focus on scalable robotics solutions.