Aurora Mobile Reports Strong 2024 Financial Growth

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

Aurora Mobile Limited is a prominent provider of customer engagement and marketing technology services in China, specializing in AI-driven solutions to enhance business operations and customer interactions. The company recently released its unaudited financial results for the fourth quarter and fiscal year 2024, showcasing significant growth and strategic advancements.

In the fourth quarter of 2024, Aurora Mobile reported a 20% year-over-year increase in revenue, reaching RMB93.2 million, driven by growth across all business lines. The company achieved its highest quarterly revenue in history for its Core Developer Subscription Services at RMB54.7 million and saw a remarkable 200% year-over-year growth in its EngageLab business. Additionally, Aurora Mobile recorded a positive adjusted EBITDA for the full year, marking the sixth consecutive quarter of positive results.

The fiscal year 2024 saw Aurora Mobile’s revenues rise by 9% to RMB316.2 million, with a notable 12% increase in Developer Services revenue. The company also managed to reduce its net loss significantly from RMB62.7 million in 2023 to RMB6.8 million in 2024. Operating expenses decreased by 10%, reflecting improved cost management and efficiency.

Looking ahead, Aurora Mobile remains optimistic about its growth prospects, with expectations of 15% to 20% revenue growth in the first quarter of 2025. The company continues to focus on its “AI First” strategy, leveraging its extensive customer base and data resources to drive further innovation and transformation in the AI domain.