Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Financial Results
MWN-AI** Summary
Cheetah Mobile Inc. (NYSE: CMCM), a prominent Chinese IT company, revealed its unaudited consolidated financial results for the fourth quarter and full year of 2025. The company experienced a 42.6% increase in total revenues year-over-year, reaching RMB 1,150.4 million (approximately US$164.5 million), largely driven by growth in both its Internet and AI segments.
The Internet business generated RMB 615.3 million (US$88.0 million), marking a 19.0% rise, while the AI segment achieved an impressive 84.7% revenue growth to RMB 535.2 million (US$76.5 million), now comprising 46.5% of total revenue, up from 35.9% in 2024. Gross profit also saw a significant boost, climbing by 53% to RMB 834.0 million (US$119.3 million), leading to an improved gross margin of 72.5%.
While the company posted an operating loss of RMB 179.4 million (US$25.7 million), this was a decrease of 59% compared to the previous year. Non-GAAP operating profit was reported at RMB 14.2 million (US$2.0 million), a turnaround from a loss in 2024. Notably, the Internet segment's adjusted operating profit rose by 82.8%, reinforcing its status as a stable revenue generator.
Cash and cash equivalents totaled RMB 1,506.6 million (US$215.4 million) at year-end, providing substantial liquidity. The fourth quarter specifically showcased a 30.3% year-over-year revenue increase, with the AI division nearly doubling its revenue year-over-year. Management underscored 2025 as a transformative year marked by improved operating efficiency and profitability within core segments, alongside robust developments in AI capabilities. A conference call to discuss these results is scheduled for March 24, 2026.
MWN-AI** Analysis
Cheetah Mobile's recent financial results for the fourth quarter and fiscal year 2025 reveal a significant pivot towards profitability, primarily driven by its AI segment. Revenue surged by 42.6% year-over-year, reaching RMB 1.15 billion (USD 164.5 million), with an impressive 84.7% growth in the AI and Others category, which now constitutes nearly half of total revenue. Such performance highlights the company’s successful shift to AI-driven products, including robotics and intelligent applications.
Yet, challenges persist, particularly within the Internet segment, where revenues dipped slightly year-over-year, signaling potential saturation or increasing competition. The continuing success of its AI initiatives offers promising avenues for investors. Moreover, the gross profit margin increased significantly to 72.5%, underscoring improved efficiency and cost management.
From a cash perspective, Cheetah Mobile closed 2025 with RMB 1.51 billion (USD 215.4 million) in cash, providing a buffer for continued investment in AI technologies and R&D. The company managed to narrow its net operating loss substantially, which indicates a healthier operational framework.
Given the current trajectory, investors should view Cheetah Mobile as a growth-oriented play, emphasizing its robust AI capabilities. The market's reception to such segments will be crucial. However, caution is advisable regarding the Internet business's stagnation.
It is prudent for potential investors to keep a close eye on Cheetah’s upcoming product launches and market expansions in AI. The firm looks well-positioned for sustained growth, but any indication of weakening in its digital services or competitive pressures could affect investor sentiment. A balanced interpretation of these emerging opportunities and threats will be crucial in navigating Cheetah Mobile's complex market landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
AI and Others revenue grew 84.7% year over year and accounted for 46.5% of total revenue in 2025
BEIJING, March 24, 2026 /PRNewswire/ -- Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company") (NYSE: CMCM), a China-based IT company with a commitment to AI innovation, today announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2025.
Full Year 2025 Financial Highlights
Total revenues increased by 42.6% year over year to RMB 1,150.4 million (US$164.5 million) in 2025, driven by strong expansion across business segments.
- Revenue from the Internet business increased by 19.0% year over year to RMB 615.3 million (US$88.0 million) .
- Revenue from the AI and Others segment increased by 84.7% year over year to RMB 535.2 million (US$76.5 million), reflecting continued scaling of the Company's emerging initiatives. The AI and Others segment accounted for 46.5% of total revenues in 2025, compared with 35.9% in 2024.
Gross profit increased by 53.0% year over year to RMB 834.0 million (US$119.3 million). Gross margin improved to 72.5% in 2025 from 67.6% in 2024. On a non-GAAP basis, gross profit was RMB 834.0 million (US$119.3 million), and non-GAAP gross margin was 72.5%.
Operating loss decreased by 59.0% year over year to RMB 179.4 million (US$25.7 million) in 2025. On a non-GAAP basis, operating profit was RMB 14.2 million (US$2.0 million), compared with a non-GAAP operating loss of RMB 231.8 million in 2024.
- The Internet business generated adjusted operating profit of approximately RMB 114.9 million in 2025, representing a 82.8% year-over-year increase and reflecting improving profitability and strong cash flow generation. Adjusted operating margin for this segment was 18.7% in 2025, compared with 12.1% in 2024.
- The AI and Others segment reported an adjusted operating loss of approximately RMB 274.5 million in 2025, representing a 42.1% year-over-year reduction, as the Company continued improving operating efficiency while scaling emerging initiatives.
Cash and cash equivalents were RMB 1,506.6 million (US$215.4 million) as of December 31, 2025.
Fourth Quarter 2025 Financial Highlights
Total revenues increased by 30.3% year over year and 7.5% quarter over quarter to RMB 308.9 million (US$44.2 million) in the fourth quarter of 2025.
- Revenue from the Internet business was RMB 155.9 million (US$22.3 million) in the fourth quarter of 2025. While Internet business revenue declined slightly year over year, it increased 9.5% quarter over quarter.
- Revenue from the AI and Others segment reached RMB 153.0 million (US$21.9 million), representing a 98.8% year-over-year increase and a 5.5% quarter-over-quarter increase, reflecting continued growth momentum of the Company's emerging initiatives. The AI and Others segment accounted for 49.5% of total revenues in the fourth quarter of 2025, compared with 32.5% in the same period last year, representing nearly half of total revenue.
Gross profit increased by 18.9% year over year to RMB 205.4 million (US$29.4 million) in the fourth quarter of 2025. On a non-GAAP basis, gross profit increased by 19.2% year over year to RMB 205.4 million (US$29.4 million).
Operating loss decreased by 29.6% year over year to RMB 145.8 million (US$20.8 million) in the fourth quarter of 2025. On a non-GAAP basis, operating profit was RMB 15.5 million (US$2.2 million), compared with a non-GAAP operating loss of RMB 42.5 million in the fourth quarter of 2024.
- The Internet business generated adjusted operating profit of approximately RMB 46.7 million in the fourth quarter of 2025, representing a 78.1% year-over-year increase, and continued to serve as a stable profit contributor to the Company.
- The AI and Others segment reported an adjusted operating loss of approximately RMB 183.3 million in the fourth quarter of 2025, representing a 19.7% year-over-year reduction in operating loss.
Management Commentary
Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented: "2025 marked a turning point for Cheetah Mobile. We delivered revenue growth while meaningfully improving operating efficiency and achieved full-year non-GAAP operating profitability. Our robotics business, which represented approximately 18.9% of total revenue in the fourth quarter, increased 93.6% year over year and 42.9% quarter over quarter, showing strong growth momentum. We are expanding our robotic product portfolio with a consumer-facing smart wheelchair, leveraging our existing autonomous mobility technologies. Our internet business remained a stable cash-generating platform, supporting disciplined investment in AI-driven capabilities. Leveraging our long-standing utility product experience, we continued to enhance our AI agent products, with the introduction of EasyClaw, our AI coworker platform designed to help users create and deploy AI agents more easily. While monetization remains at an early stage, these initiatives are part of our long-term strategy to build sustainable growth engines."
Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "In 2025, we continued to strengthen operating discipline and improve cost efficiency across the organization. Although we reported a GAAP operating loss for the year, operating loss narrowed significantly year over year. On a non-GAAP basis, we achieved operating profitability, reflecting an improved cost structure and increasing operating leverage. Within our Internet business, internet value-added services, which contributed 74.8% of this segment's revenues in the fourth quarter of 2025, expanded by 32.0% year over year and 16.2% quarter over quarter, enhancing earnings visibility and margin stability. In our AI and Others segment, revenue contribution increased year over year and accounted for nearly half of total revenues in the fourth quarter of 2025, while operating loss narrowed as we maintained selective investment and cost control. We ended the year with a solid cash position, providing financial flexibility to support disciplined capital allocation."
Conference Call Information
The Company will hold a conference call on March 24, 2026, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers:
Main Line:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 8826704
English Translation:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 6928279
A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com.
Exchange Rate
This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP").
About Cheetah Mobile Inc.
Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has developed and launched a diversified suite of software products for PCs and mobile devices, designed to address users' needs in document processing, system optimization, image editing and web browsing, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as robotic products to international clients. At the same time, it actively engages in research and development of advanced technologies to empower its products and services. Cheetah Mobile has been listed on the New York Stock Exchange since May 2014.
Safe Harbor Statement
This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Use of Non-GAAP Financial Measures
This release contains non-GAAP financial measures, including but not limited to:
- Non-GAAP cost of revenues excludes share-based compensation expenses;
- Non-GAAP gross profit excludes share-based compensation expenses;
- Non-GAAP gross margin excludes share-based compensation expenses;
- Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions;
- Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;
- Non-GAAP selling and marketing expenses exclude share-based compensation expenses , amortization of intangible assets resulting from business acquisitions;
- Non-GAAP general and administrative expenses exclude share-based compensation expenses;
- Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions and impairment of goodwill and intangible assets resulting from business acquisitions;
- Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions;
- Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions.
The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results".
Investor Relations Contact
Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com
CHEETAH MOBILE INC. Condensed Consolidated Balance Sheets (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) | |||||
As of | |||||
December 31, 2024 | December 31, 2025 | ||||
RMB | RMB | USD | |||
ASSETS | |||||
Current assets: | |||||
Cash and cash equivalents | 1,833,031 | 1,506,625 | 215,445 | ||
Short-term investments | 335 | 9,527 | 1,362 | ||
Accounts receivable, net | 473,619 | 468,058 | 66,931 | ||
Prepayments and other current assets, net | 1,365,761 | 1,154,774 | 165,132 | ||
Due from related parties, net | 106,934 | 94,821 | 13,559 | ||
Total current assets | 3,779,680 | 3,233,805 | 462,429 | ||
Non-current assets: | |||||
Property and equipment, net | 51,564 | 40,238 | 5,754 | ||
Operating lease right-of-use assets | 26,323 | 16,833 | 2,407 | ||
Intangible assets, net | 190,665 | 54,069 | 7,732 | ||
Goodwill | 424,099 | 460,034 | 65,784 | ||
Long-term investments | 817,330 | 688,459 | 98,448 | ||
Deferred tax assets | 128,581 | 112,913 | 16,146 | ||
Other non-current assets | 86,059 | 77,521 | 11,085 | ||
Total non-current assets | 1,724,621 | 1,450,067 | 207,356 | ||
Total assets | 5,504,301 | 4,683,872 | 669,785 | ||
LIABILITIES, MEZZANINE EQUITY | |||||
Current liabilities: | |||||
Accounts payable | 219,566 | 211,689 | 30,271 | ||
Accrued expenses and other current liabilities | 2,756,805 | 2,264,659 | 323,842 | ||
Due to related parties | 69,606 | 18,613 | 2,662 | ||
Income tax payable | 35,804 | 54,430 | 7,783 | ||
Total current liabilities | 3,081,781 | 2,549,391 | 364,558 | ||
Non-current liabilities: | |||||
Deferred tax liabilities | 43,046 | 21,711 | 3,105 | ||
Other non-current liabilities | 172,348 | 154,422 | 22,082 | ||
Total non-current liabilities | 215,394 | 176,133 | 25,187 | ||
Total liabilities | 3,297,175 | 2,725,524 | 389,745 | ||
Mezzanine equity: | |||||
Redeemable noncontrolling interests | 189,725 | 197,560 | 28,251 | ||
Shareholders' equity: | |||||
Ordinary shares | 248 | 254 | 36 | ||
Additional paid-in capital | 2,722,504 | 2,736,117 | 391,260 | ||
Accumulated deficit | (1,232,577) | (1,490,947) | (213,203) | ||
Accumulated other comprehensive income | 410,423 | 362,245 | 51,800 | ||
Total Cheetah Mobile Inc. shareholders' | 1,900,598 | 1,607,669 | 229,893 | ||
Noncontrolling interests | 116,803 | 153,119 | 21,896 | ||
Total shareholders' equity | 2,017,401 | 1,760,788 | 251,789 | ||
Total liabilities, mezzanine equity and | 5,504,301 | 4,683,872 | 669,785 |
CHEETAH MOBILE INC. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and per share(or ADS) data) | ||||||||||||
For The Three Months Ended | For The Year Ended | |||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||
RMB | RMB | USD | RMB | RMB | USD | |||||||
Revenues | 237,089 | 308,851 | 44,165 | 806,877 | 1,150,444 | 164,511 | ||||||
Internet business | 160,152 | 155,896 | 22,293 | 517,188 | 615,281 | 87,984 | ||||||
AI and others | 76,937 | 152,955 | 21,872 | 289,689 | 535,163 | 76,527 | ||||||
Cost of revenues (a) | (64,317) | (103,475) | (14,797) | (261,682) | (316,411) | (45,246) | ||||||
Gross profit | 172,772 | 205,376 | 29,368 | 545,195 | 834,033 | 119,265 | ||||||
Operating income and expenses: | ||||||||||||
Research and development (a) | (65,506) | (149,863) | (21,430) | (243,391) | (346,152) | (49,499) | ||||||
Selling and marketing (a) | (104,851) | (72,657) | (10,390) | (342,421) | (362,735) | (51,870) | ||||||
General and administrative (a) | (56,281) | (87,101) | (12,455) | (244,385) | (266,522) | (38,112) | ||||||
Impairment of goodwill and intangible | (152,890) | (41,563) | (5,943) | (152,890) | (41,563) | (5,943) | ||||||
Other operating (expense)/income | (377) | 31 | 4 | 637 | 3,496 | 500 | ||||||
Total operating income and expenses | (379,905) | (351,153) | (50,214) | (982,450) | (1,013,476) | (144,924) | ||||||
Operating loss | (207,133) | (145,777) | (20,846) | (437,255) | (179,443) | (25,659) | ||||||
Other income/(expenses): | ||||||||||||
Interest income, net | 9,862 | 5,484 | 784 | 44,422 | 30,629 | 4,380 | ||||||
Foreign exchange (losses)/gains | (32,236) | 14,156 | 2,024 | (21,726) | 30,783 | 4,402 | ||||||
Other expense, net | (82,300) | (74,481) | (10,651) | (139,769) | (108,652) | (15,537) | ||||||
Loss before income taxes | (311,807) | (200,618) | (28,689) | (554,328) | (226,683) | (32,414) | ||||||
Income tax (expenses)/benefits | (51,064) | 13,722 | 1,962 | (47,258) | (8,469) | (1,211) | ||||||
Net loss | (362,871) | (186,896) | (26,727) | (601,586) | (235,152) | (33,625) | ||||||
Less: net income attributable to | 3,913 | 3,843 | 550 | 15,971 | 22,561 | 3,226 | ||||||
Net loss attributable to Cheetah | (366,784) | (190,739) | (27,277) | (617,557) | (257,713) | (36,851) | ||||||
Net loss per share | ||||||||||||
Basic | (0.2438) | (0.1262) | (0.0180) | (0.4161) | (0.1754) | (0.0251) | ||||||
Diluted | (0.2439) | (0.1262) | (0.0180) | (0.4162) | (0.1764) | (0.0252) | ||||||
Net loss per ADS | ||||||||||||
Basic | (12.1907) | (6.3082) | (0.9000) | (20.8042) | (8.7724) | (1.2550) | ||||||
Diluted | (12.1947) | (6.3082) | (0.9000) | (20.8097) | (8.8185) | (1.2600) | ||||||
Weighted average number of shares | ||||||||||||
Basic | 1,512,707,145 | 1,550,604,238 | 1,550,604,238 | 1,503,054,847 | 1,533,473,068 | 1,533,473,068 | ||||||
Diluted | 1,512,707,145 | 1,550,604,238 | 1,550,604,238 | 1,503,054,847 | 1,533,473,068 | 1,533,473,068 | ||||||
Weighted average number of ADSs | ||||||||||||
Basic | 30,254,143 | 31,012,085 | 31,012,085 | 30,061,097 | 30,669,461 | 30,669,461 | ||||||
Diluted | 30,254,143 | 31,012,085 | 31,012,085 | 30,061,097 | 30,669,461 | 30,669,461 | ||||||
Other comprehensive income/(loss) , | ||||||||||||
Foreign currency translation adjustments | 51,667 | (25,511) | (3,648) | 49,045 | (50,422) | (7,210) | ||||||
Unrealized gains/(losses) on available- | 7,277 | (5,541) | (792) | 2,642 | 1,121 | 160 | ||||||
Other comprehensive income/(loss) | 58,944 | (31,052) | (4,440) | 51,687 | (49,301) | (7,050) | ||||||
Total comprehensive loss | (303,927) | (217,948) | (31,167) | (549,899) | (284,453) | (40,675) | ||||||
Less: Total comprehensive income | 2,199 | 1,889 | 270 | 14,089 | 21,438 | 3,066 | ||||||
Total comprehensive loss attributable to | (306,126) | (219,837) | (31,437) | (563,988) | (305,891) | (43,741) | ||||||
For The Three Months Ended | For The Year Ended | |||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||
(a) Share-based compensation expenses | RMB | RMB | USD | RMB | RMB | USD | ||||||
Cost of revenues | (460) | 2 | - | 81 | 16 | 2 | ||||||
Research and development | 1,280 | 1,007 | 144 | 1,924 | 1,193 | 171 | ||||||
Selling and marketing | (495) | 290 | 41 | (662) | 773 | 111 | ||||||
General and administrative | 4,819 | 7,867 | 1,125 | 24,758 | 17,858 | 2,554 | ||||||
Total | 5,144 | 9,166 | 1,310 | 26,101 | 19,840 | 2,838 |
CHEETAH MOBILE INC. Reconciliation of GAAP and Non-GAAP Results (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data ) | |||||||||||||
For The Three Months Ended December 31, 2025 | For The Year Ended December 31, 2025 | ||||||||||||
GAAP | Share-based | Amortization | Impairment | Non-GAAP | GAAP | Share-based | Amortization | Impairment | Non-GAAP | ||||
Result | Compensation | intangible | of goodwill | Result | Result | Compensation | intangible | of goodwill | Result | ||||
RMB | RMB | RMB | RMB | RMB | USD | RMB | RMB | RMB | RMB | RMB | USD | ||
Revenues | 308,851 | - | - | - | 308,851 | 44,165 | 1,150,444 | - | - | - | 1,150,444 | 164,511 | |
Cost of revenues | (103,475) | 2 | - | - | (103,473) | (14,797) | (316,411) | 16 | - | - | (316,395) | (45,244) | |
Gross profit | 205,376 | 2 | - | - | 205,378 | 29,368 | 834,033 | 16 | - | - | 834,049 | 119,267 | |
Research and development | (149,863) | 1,007 | 108,471 | - | (40,385) | (5,775) | (346,152) | 1,193 | 127,171 | - | (217,788) | (31,143) | |
Selling and marketing | (72,657) | 290 | 2,070 | - | (70,297) | (10,053) | (362,735) | 773 | 5,078 | - | (356,884) | (51,033) | |
General and administrative | (87,101) | 7,867 | - | - | (79,234) | (11,330) | (266,522) | 17,858 | - | - | (248,664) | (35,558) | |
Impairment of goodwill and | (41,563) | - | - | 41,563 | - | - | (41,563) | - | - | 41,563 | - | - | |
Other operating income, net | 31 | - | - | - | 31 | 4 | 3,496 | - | - | - | 3,496 | 500 | |
Total operating income and | (351,153) | 9,164 | 110,541 | 41,563 | (189,885) | (27,154) | (1,013,476) | 19,824 | 132,249 | 41,563 | (819,840) | (117,234) | |
Operating (loss)/income | (145,777) | 9,166 | 110,541 | 41,563 | 15,493 | 2,214 | (179,443) | 19,840 | 132,249 | 41,563 | 14,209 | 2,033 | |
Net loss attributable to Cheetah | (190,739) | 9,166 | 110,541 | 41,563 | (29,469) | (4,217) | (257,713) | 19,840 | 132,249 | 41,563 | (64,061) | (9,159) | |
Diluted losses per ordinary share | (0.1262) | 0.0059 | 0.0714 | 0.0268 | (0.0221) | (0.1764) | 0.0129 | 0.0863 | 0.0271 | (0.0501) | |||
Diluted losses per ADS (RMB) | (6.3082) | 0.2950 | 3.5682 | 1.3400 | (1.1050) | (8.8185) | 0.6450 | 4.3135 | 1.3550 | (2.5050) | |||
Diluted losses per ADS (USD) | (0.9000) | 0.0422 | 0.5082 | 0.1916 | (0.1580) | (1.2600) | 0.0922 | 0.6158 | 0.1938 | (0.3582) | |||
For The Three Months Ended December 31, 2024 | For The Year Ended December 31, 2024 | ||||||||||
GAAP | Share-based | Amortization of | Impairment | Non-GAAP | GAAP | Share-based | Amortization of | Impairment | Non-GAAP | ||
Result | Compensation | intangible | of goodwill | Result | Result | Compensation | intangible | of goodwill | Result | ||
RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | ||
Revenues | 237,089 | - | - | - | 237,089 | 806,877 | - | - | - | 806,877 | |
Cost of revenues | (64,317) | (460) | - | - | (64,777) | (261,682) | 81 | - | - | (261,601) | |
Gross profit | 172,772 | (460) | - | - | 172,312 | 545,195 | 81 | - | - | 545,276 | |
Research and development | (65,506) | 1,280 | 6,156 | - | (58,070) | (243,391) | 1,924 | 24,624 | - | (216,843) | |
Selling and marketing | (104,851) | (495) | 469 | - | (104,877) | (342,421) | (662) | 1,876 | - | (341,207) | |
General and administrative | (56,281) | 4,819 | - | - | (51,462) | (244,385) | 24,758 | - | - | (219,627) | |
Impairment of goodwill and intangible | (152,890) | - | - | 152,890 | - | (152,890) | - | - | 152,890 | - | |
Other operating income, net | (377) | - | - | - | (377) | 637 | - | - | - | 637 | |
Total operating income and expenses | (379,905) | 5,604 | 6,625 | 152,890 | (214,786) | (982,450) | 26,020 | 26,500 | 152,890 | (777,040) | |
Operating loss | (207,133) | 5,144 | 6,625 | 152,890 | (42,474) | (437,255) | 26,101 | 26,500 | 152,890 | (231,764) | |
Net loss attributable to Cheetah Mobile | (366,784) | 5,144 | 6,625 | 152,890 | (202,125) | (617,557) | 26,101 | 26,500 | 152,890 | (412,066) | |
Diluted losses per ordinary share (RMB) | (0.2439) | 0.0034 | 0.0044 | 0.1011 | (0.1350) | (0.4162) | 0.0174 | 0.0176 | 0.1017 | (0.2795) | |
Diluted losses per ADS (RMB) | (12.1947) | 0.1700 | 0.2200 | 5.0547 | (6.7500) | (20.8097) | 0.8700 | 0.8800 | 5.0847 | (13.9750) |
* This represents amortization of intangible assets resulting from business acquisitions. |
CHEETAH MOBILE INC. Information about Segment (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for percentage) | ||||||||||||||||
For The Three Months Ended December 31, 2025 | For The Year Ended December 31, 2025 | |||||||||||||||
Internet Business | AI and others | Consolidated | Internet Business | AI and others | Consolidated | |||||||||||
RMB | RMB | RMB | USD | RMB | RMB | RMB | USD | |||||||||
Revenues | 155,896 | 152,955 | 308,851 | 44,165 | 615,281 | 535,163 | 1,150,444 | 164,511 | ||||||||
Operating Costs and expenses | ||||||||||||||||
Cost of revenues(i) | 31,300 | 72,173 | 103,473 | 14,797 | 106,606 | 209,789 | 316,395 | 45,244 | ||||||||
Selling and marketing(i) | 45,326 | 27,041 | 72,367 | 10,349 | 220,312 | 141,650 | 361,962 | 51,759 | ||||||||
Research and development(i) | 10,367 | 138,489 | 148,856 | 21,286 | 110,060 | 234,899 | 344,959 | 49,328 | ||||||||
Other segment items(i) | 22,237 | 98,529 | 120,766 | 17,269 | 63,436 | 223,295 | 286,731 | 41,001 | ||||||||
Adjusted operating income/(losses) | 46,666 | (183,277) | (136,611) | (19,536) | 114,867 | (274,470) | (159,603) | (22,821) | ||||||||
Unallocated amounts-share based compensations | (9,166) | (1,310) | (19,840) | (2,838) | ||||||||||||
Operating loss | (145,777) | (20,846) | (179,443) | (25,659) | ||||||||||||
Reconciliation of segment profit/(loss) | ||||||||||||||||
Interest income, net | 5,484 | 784 | 30,629 | 4,380 | ||||||||||||
Foreign exchange gains, net | 14,156 | 2,024 | 30,783 | 4,402 | ||||||||||||
Other expense, net | (74,481) | (10,651) | (108,652) | (15,537) | ||||||||||||
Loss before income taxes | (200,618) | (28,689) | (226,683) | (32,414) |
For The Three Months Ended December 31, 2024 | For The Year Ended December 31, 2024 | |||||||||||
Internet | AI and others | Consolidated | Internet | AI and others | Consolidated | |||||||
RMB | RMB | RMB | RMB | RMB | RMB | |||||||
Revenues | 160,152 | 76,937 | 237,089 | 517,188 | 289,689 | 806,877 | ||||||
Operating Costs and expenses | ||||||||||||
Cost of revenues(i) | 21,174 | 43,603 | 64,777 | 79,812 | 181,789 | 261,601 | ||||||
Selling and marketing(i) | 70,243 | 35,103 | 105,346 | 200,945 | 142,138 | 343,083 | ||||||
Research and development(i) | 30,651 | 33,575 | 64,226 | 115,476 | 125,991 | 241,467 | ||||||
Other segment items(i) | 11,877 | 192,852 | 204,729 | 58,122 | 313,758 | 371,880 | ||||||
Adjusted operating income/(losses) | 26,207 | (228,196) | (201,989) | 62,833 | (473,987) | (411,154) | ||||||
Unallocated amounts-share based compensations | (5,144) | (26,101) | ||||||||||
Operating loss | (207,133) | (437,255) | ||||||||||
Reconciliation of segment profit/(loss) | ||||||||||||
Interest income, net | 9,862 | 44,422 | ||||||||||
Foreign exchange gains, net | (32,236) | (21,726) | ||||||||||
Other expense, net | (82,300) | (139,769) | ||||||||||
Loss before income taxes | (311,807) | (554,328) |
(i) Share-based compensations were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments. |
CHEETAH MOBILE INC. Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP) (Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) | ||||||||||||
For The Three Months Ended | For The Year Ended | |||||||||||
December 31, | December 31, | December 31, | December 31, | December 31, | December 31, | |||||||
RMB | RMB | USD | RMB | RMB | USD | |||||||
Net loss attributable to Cheetah Mobile | (366,784) | (190,739) | (27,277) | (617,557) | (257,713) | (36,851) | ||||||
Add: | ||||||||||||
Income tax expenses/(benefits) | 51,064 | (13,722) | (1,962) | 47,258 | 8,469 | 1,211 | ||||||
Interest income, net | (9,862) | (5,484) | (784) | (44,422) | (30,629) | (4,380) | ||||||
Depreciation and other amortization | 14,619 | 114,426 | 16,363 | 51,453 | 147,235 | 21,054 | ||||||
Net income attributable to noncontrolling | 3,913 | 3,843 | 550 | 15,971 | 22,561 | 3,226 | ||||||
Other expense, net | 114,536 | 60,325 | 8,627 | 161,495 | 77,869 | 11,135 | ||||||
Share-based compensation | 5,144 | 9,166 | 1,310 | 26,101 | 19,840 | 2,838 | ||||||
Impairment of goodwill and intangible | 152,890 | 41,563 | 5,943 | 152,890 | 41,563 | 5,943 | ||||||
Adjusted EBITDA | (34,480) | 19,378 | 2,770 | (206,811) | 29,195 | 4,176 |
SOURCE Cheetah Mobile
FAQ**
What specific factors contributed to the 84.7% year-over-year revenue growth in the AI and Others segment of Cheetah Mobile Inc. American Depositary Shares each representing Class CMCM, and how sustainable is this growth expected to be?
With the Internet business generating adjusted operating profit of approximately RMB 114.9 million, what strategies is Cheetah Mobile Inc. American Depositary Shares each representing 10 Class CMCM implementing to enhance profitability in this segment?
Given the significant operating loss reported for the AI and Others segment, what are Cheetah Mobile Inc. American Depositary Shares each representing 10 Class CMCM's plans to improve operational efficiency and potentially turn this segment profitable?
Considering Cheetah Mobile Inc. American Depositary Shares each representing 10 Class CMCM ended the year with RMB 1,506.6 million in cash, how does the company intend to utilize this cash position to drive growth or reduce operating losses moving forward?
**MWN-AI FAQ is based on asking OpenAI questions about Cheetah Mobile Inc. American Depositary Shares each representing fifty (50) Class A (NYSE: CMCM).
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