Strong Revenue Growth
Cheetah Mobile reported a 58% year-over-year revenue growth driven by a 39% increase in Internet business and an 86% increase in AI and other segments.
Significant Decrease in Operating Loss
The company's operating loss decreased by 86% year-over-year, and the non-GAAP operating loss was down 97% from last year, nearing breakeven.
Successful Transition to Subscription Model
Cheetah Mobile successfully shifted from an advertising to a subscription model, with subscriptions now comprising about 60% of Internet revenues.
Robotics and AI Expansion
Revenues from service robots grew, with successful integration of new technologies like AI agents, improving the company's robotics capabilities.
Improved Financial Metrics
Gross profit increased by 85% year-over-year, with a gross margin improvement to 76%. Net loss attributable to shareholders decreased by 82% year-over-year.
Strong Cash Position
The company maintains a strong cash position with RMB 282 billion in cash and cash equivalents and USD 110 million in long-term investments.
Acquisition of New Factor
Cheetah Mobile completed the acquisition of a profitable robotic arm company, New Factor, enhancing the company's robotics capabilities.