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Cheetah Mobile (CMCM)
NYSE:CMCM
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$1.51Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 17, 2024
|% Change Since: -23.12%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects an overall positive sentiment with notable revenue growth, strong performance in the legacy Internet business, and successful expansion in service robotics. However, continued operating losses and challenges in AI R&D investment present significant hurdles.Company Guidance
In the third quarter of 2024, Cheetah Mobile reported a 16.6% year-over-year revenue increase, marking a consecutive acceleration from 11.6% in Q1 and 12.3% in Q2. This growth was driven by its service robotics and resilient legacy Internet business. The company achieved a non-GAAP gross profit increase of 14% year-over-year and 7% quarter-over-quarter, reaching RMB 131 million. The non-GAAP gross margin expanded to 68% from 65% in Q2 and 63% in Q1. Cheetah Mobile's non-GAAP operating loss narrowed to RMB 61 million, decreasing from RMB 63 million in Q2 and RMB 66 million in Q1. The company continues to focus on reducing costs, with consolidated teams and reduced expenses contributing to its financial performance. Furthermore, investments in AI have led to a 25% quarter-over-quarter increase in non-GAAP R&D expenses, now accounting for approximately 60% of total revenues. The legacy Internet business showed a 26% year-over-year revenue growth and an 18% quarter-over-quarter increase, with the operating margin improving to 10% from 6% in the previous year. As of September 30, 2024, Cheetah Mobile had cash and cash equivalents of RMB 1,831 million and long-term investments of about RMB 886 million.Accelerated Revenue Growth
Cheetah Mobile achieved a 16.6% year-over-year increase in total revenues for Q3 2024, marking the second consecutive quarter of accelerating revenue growth.
Service Robotics Expansion
Service robots continue to drive growth, with new product launches and international market expansion, notably in Europe and Southeast Asia.
Legacy Internet Business Performance
The legacy Internet business grew 26% year-over-year and 18% quarter-over-quarter, with an improved operating margin from 6% to 10%.
Improved Profitability
Non-GAAP gross profit rose 14% year-over-year and 7% quarter-over-quarter, with non-GAAP gross margin expanding to 68%.
Cost Management and Efficiency
Operational costs were reduced through consolidation of teams and reduced bandwidth, cloud, and legal service costs.
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CMCM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMCM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 17, 2024 | $6.12 | $4.77 | -22.06% |
| Sep 13, 2024 | $4.04 | $3.75 | -7.18% |
| Jun 07, 2024 | $6.40 | $5.60 | -12.50% |
| Mar 21, 2024 | $2.45 | $2.29 | -6.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cheetah Mobile (CMCM) report earnings?
Cheetah Mobile (CMCM) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Cheetah Mobile (CMCM) earnings time?
Cheetah Mobile (CMCM) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMCM EPS forecast?
Currently, no data Available
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