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Cheetah Mobile ( (CMCM) ) just unveiled an update.
Cheetah Mobile reported strong third-quarter results for 2024, driven by a substantial growth in its service robotics and internet businesses. The company saw a 16.6% year-over-year increase in total revenues, reaching RMB192.1 million, with a notable improvement in operating margins and a reduction in operating losses. The growth was supported by rising demand for service robots in various industries, and the strategic integration of large language models is expected to further enhance the intelligence and efficiency of their robots. The financial progress and strategic innovations position Cheetah Mobile to capitalize on the expanding robotics market, ultimately benefiting its stakeholders.
More about Cheetah Mobile
Cheetah Mobile is a China-based IT company known for its focus on AI innovation. It has a significant user base through various internet products and services available on PCs and mobile devices. The company is also involved in the research and development of AI technologies, including large language models, and offers global advertising services and value-added services, such as premium memberships, as well as a multi-cloud management platform.
YTD Price Performance: 168.42%
Average Trading Volume: 54,319
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $183.6M
For detailed information about CMCM stock, go to TipRanks’ Stock Analysis page.
