Cheetah Mobile Inc (CMCM)

Cheetah Mobile Maintains Revenue as Robotics and AI Growth Counteracts Core Business Weakness (CMCM)June 10, 2026 6:55 AM
IH Market News Cheetah Mobile Inc. (NYSE:CMCM) reported first-quarter revenue of $37.5 million on Wednesday, with overall sales broadly unchanged from a year earlier as rapid expansion in its robotics and AI-related businesses helped offset declines across its traditional internet and enterprise services operations. The company’s shares fell 1.18% in after-hours trading following the earnings release. Robotics Division Delivers Strong Growth Cheetah Mobile’s robotics and other businesses continued to gain momentum during the quarter, with revenue jumping 175.9% year-on-year to RMB51.2 million. The segment represented 19.8% of total company revenue, highlighting its growing importance within the group’s evolving business model. Meanwhile, revenue from cloud and AI infrastructure services rose 68.3% from the prior-year period to RMB46.8 million, reflecting increasing demand for the company’s technology offerings. Legacy Businesses Remain Under Pressure Despite strong performance in emerging growth areas, the company continued to face challenges across its more established operations. Internet services revenue declined 15.2% year-on-year to RMB135.0 million, largely due to a 46.3% drop in online advertising revenue. Global enterprise services revenue also moved lower, falling 10.5% to RMB72.8 million. The decline was primarily attributed to a 51.5% reduction in advertising agency services revenue. The mixed performance resulted in overall revenue remaining largely flat compared with the same period last year. Losses Narrow as Efficiency Improves Cheetah Mobile reported an adjusted net loss of $1.7 million for the quarter, compared with an adjusted net loss of RMB21.1 million in the corresponding period a year earlier. On a GAAP basis, the company posted a net loss attributable to shareholders of $2.5 million, compared with a net loss of RMB33.4 million in the first quarter of the previous year. Management highlighted ongoing improvements in operational efficiency as part of its long-term strategy. “During the first quarter of 2026, we continued executing our AI and robotics strategy with a disciplined approach,” said Fu Sheng, Chief Executive Officer. “Our robotics and others segment delivered strong year-over-year growth while adjusted operating loss further narrowed, reflecting improving commercial traction and operating efficiency.” The adjusted operating loss within the robotics division narrowed by 57.1% year-on-year to RMB26.9 million. Strong Cash Position Supports Growth Initiatives The company ended the quarter with $185.6 million in cash and cash equivalents, providing substantial liquidity to support continued investment in artificial intelligence, robotics and infrastructure initiatives. Management remains focused on scaling higher-growth businesses while improving profitability across the broader organisation. More about Cheetah Mobile Cheetah Mobile Inc. is a technology company focused on artificial intelligence, robotics, cloud services and digital applications. Originally known for its mobile internet products, the company has increasingly shifted its focus toward AI-powered solutions and service robotics, targeting commercial, enterprise and consumer markets in China and internationally. Cheetah Mobile stock price Original: Cheetah Mobile Maintains Revenue as Robotics and AI Growth Counteracts Core Business Weakness (CMCM)

Cheetah Mobile Announces First Quarter 2026 Unaudited Consolidated Financial ResultsJune 10, 2026 5:22 AM
PR Newswire (US) Robotics and others revenue grew 175.9% year over year and accounted for 19.8% of total revenue in the first quarter of 2026BEIJING, June 10, 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 quarter ended March 31, 2026.Financial HighlightsRevenueTotal revenues were RMB259.0 million (US$37.5 million) in the first quarter of 2026.Revenues from robotics and others increased 175.9% year over year to RMB51.2 million, accounting for 19.8% of total revenues in the first quarter of 2026.Revenue from services of cloud and AI infrastructure increased 68.3% year over year in the first quarter of 2026 to RMB46.8 million, contributing to 64.3% of global enterprise services segment revenue and 18.1% of this quarter's total revenues.Revenue from internet value-added services increased 8.2% year over year in the first quarter of 2026 to RMB98.3 million, accounting for 72.8% of internet services segment revenue and 38.0% of this quarter's total revenues.Profitability Net loss attributable to Cheetah Mobile shareholders was RMB17.5 million (US$2.5 million), compared with RMB33.4 million in the same period last year.Non-GAAP net loss attributable to Cheetah Mobile shareholders was RMB11.7 million (US$1.7 million), compared with non-GAAP net loss attributable to Cheetah Mobile shareholders of RMB21.1 million in the same period last year.Cash PositionAs of March 31, 2026, the Company had RMB1,280.6 million (US$185.6 million) in cash and cash equivalents.Management CommentaryFu Sheng, Chief Executive Officer of Cheetah Mobile, commented: "During the first quarter of 2026, we continued executing our AI and robotics strategy with a disciplined approach. Our robotics and others segment delivered strong year-over-year growth while adjusted operating loss further narrowed, reflecting improving commercial traction and operating efficiency. We also continued advancing EasyClaw, our AI agent platform focused on enterprise productivity scenarios, and introduced other AI Agent products. We believe long-term opportunities in AI will come from practical applications, workflow integration, and real customer value creation. Across the industry, we are seeing growing adoption of AI agents, which is driving demand for AI infrastructure and cloud services. This trend also benefited our services of cloud and AI infrastructure business, which delivered strong year-over-year revenue growth during the quarter. Supported by stable cash flow from our internet services business, we remain focused on disciplined investment, product execution, and building sustainable long-term growth engines."Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "Starting from the first quarter of 2026, we began reporting our robotics business as a separate segment to present the operating progress of this business. Historical results previously reported under the AI and others segment are now presented as robotics and others, which primarily includes robotics-related products and services, and global enterprise services, which includes advertising agency and services of cloud and AI infrastructure through partnering with global leading cloud service providers. We also maintained a solid balance sheet, ending the quarter with US$ 185.6 million in cash and cash equivalents, supporting our disciplined investment in AI and robotics initiatives over the long term."First Quarter 2026 Financial ResultsTotal revenues remained relatively flat year over year, generating RMB259.0 million (US$37.5 million) in the first quarter of 2026.Revenues from Robotics and Others increased 175.9% year over year to RMB51.2 million, accounting for 19.8% of total revenues in the first quarter of 2026.Internet Services revenue decreased 15.2% year over year to RMB135.0 million. This year-over-year decrease was resulting from a 46.3% decline in the Company's online advertising business. However, revenue from internet value added services increased by 8.2% year over year in the first quarter of 2026, contributing to 72.8% of this quarter's Internet Services segment revenue, and 38.0% of this quarter's total revenues.Global Enterprise Services revenue decreased 10.5% year over year to RMB 72.8 million. This year-over-year decrease resulted from a 51.5% decline in the Company's advertising agency services business due to policy shifts from a major global advertising platform. However, revenue from services of cloud and AI infrastructure increased 68.3% year over year in the first quarter of 2026, contributing to 64.3% of this quarter's Global Enterprise Services segment revenue and 18.1% of this quarter's total revenues. This increase was a result of an increasing number of enterprises in the overseas markets adopting AI agent products to improve productivity, which drove demands for both tokens and cloud computing resources through our platform.Operating loss was RMB28.3 (US$4.1 million) million in the first quarter of 2026, compared to RMB26.5 million in the same period last year. Non-GAAP operating loss was RMB22.5 million (US$3.3 million) in the first quarter of 2026, compared to RMB14.3 million in the same period last year.Adjusted operating loss from Robotics and Others decreased by 57.1% year over year to RMB26.9 million in the first quarter of 2026.Adjusted operating profit from Internet Services business decreased by 38.2% year over year in the first quarter of 2026, mainly due to the decline in online advertising revenue in this segment, along with our investments in AI agent related products. However, we still earned RMB15.2 million from the Internet Services business in this quarter, which laid a solid foundation for our investments in robotics and AI applications.Adjusted operating profit from Global Enterprise Services decreased by 67.3% year over year to RMB13.8 million in the first quarter of 2026. This decline was resulting from the revenue decrease in the Company's advertising agency services business.Net loss attributable to Cheetah Mobile shareholders was RMB17.5 million (US$2.5 million), compared with RMB33.4 million in the same period last year. Non-GAAP net loss attributable to Cheetah Mobile shareholders was RMB11.7 million (US$1.7 million), compared with non-GAAP net loss attributable to Cheetah Mobile shareholders of RMB21.1 million in the same period last year.As of March 31, 2026, the Company had RMB1,280.6 million (US$185.6 million) of cash and cash equivalents, and RMB692.2 million (US$100.3 million) of long-term investments.Conference Call InformationThe Company will hold a conference call on June 10, 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: 7570048English 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: 0340478A 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 RateThis 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 RMB6.8980 to US$1.00, the exchange rate in effect as of March 31, 2026, 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, AI agent products, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, services of cloud and AI infrastructure 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 MeasuresThis 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 resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business, as well as impairment of goodwill and intangible assets resulting from business acquisitions. 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 ContactHelen 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, 2025
March 31, 2026
RMB
RMB
USDASSETS




Current assets:




Cash and cash equivalents1,506,625
1,280,591
185,647Short-term investments9,527
9,499
1,377Accounts receivable, net468,058
471,332
68,329Prepayments and other current assets, net1,154,774
1,086,601
157,524Due from related parties, net94,821
119,067
17,261Total current assets3,233,805
2,967,090
430,138





Non-current assets:




Property and equipment, net40,238
40,967
5,939Operating lease right-of-use assets16,833
14,316
2,075Intangible assets, net54,069
51,322
7,440Goodwill460,034
460,034
66,691Long-term investments688,459
692,209
100,349Deferred tax assets112,913
111,313
16,137Other non-current assets77,521
79,947
11,590Total non-current assets1,450,067
1,450,108
210,221





Total assets4,683,872
4,417,198
640,359





LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable211,689
288,243
41,786Accrued expenses and other current liabilities2,264,659
1,967,039
285,161Due to related parties18,613
24,298
3,522Income tax payable54,430
43,360
6,286Total current liabilities2,549,391
2,322,940
336,755





Non-current liabilities:




Deferred tax liabilities21,711
21,132
3,063Other non-current liabilities154,422
153,789
22,295Total non-current liabilities176,133
174,921
25,358





Total liabilities2,725,524
2,497,861
362,113





Mezzanine equity:




Redeemable noncontrolling interests197,560
199,656
28,944





Shareholders' equity:




Ordinary shares254
254
37Additional paid-in capital2,736,117
2,737,443
396,846Accumulated deficit(1,490,947)
(1,508,427)
(218,676)Accumulated other comprehensive income362,245
332,503
48,203Total Cheetah Mobile Inc. shareholders'
equity1,607,669
1,561,773
226,410Noncontrolling interests153,119
157,908
22,892





Total shareholders' equity1,760,788
1,719,681
249,302





Total liabilities, mezzanine equity and
shareholders' equity4,683,872
4,417,198
640,359 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

March 31, 2025
March 31, 2026
March 31, 2026

RMB
RMB
USDRevenues
259,006
258,993
37,546 Internet Services
159,141
135,005
19,572 Global Enterprise Services
81,297
72,750
10,547 Robotics and others
18,568
51,238
7,427Cost of revenues (a)
(69,505)
(92,431)
(13,400)Gross profit
189,501
166,562
24,146






Operating income and expenses:





Research and development (a)
(61,244)
(57,722)
(8,368)Selling and marketing (a)
(104,838)
(71,714)
(10,396)General and administrative (a)
(52,624)
(66,136)
(9,588)Other operating income
2,670
722
105Total operating income and expenses
(216,036)
(194,850)
(28,247)






Operating loss
(26,535)
(28,288)
(4,101)Other income/(expenses):





Interest income, net
5,605
3,422
496Foreign exchange gains
1,650
19,252
2,791Others (expense)/income, net
(4,009)
1,321
192






Loss before income taxes
(23,289)
(4,293)
(622)Income tax expenses
(4,820)
(7,623)
(1,105)Net loss
(28,109)
(11,916)
(1,727)Less: net income attributable to noncontrolling interests
5,248
5,564
807Net loss attributable to Cheetah Mobile shareholders
(33,357)
(17,480)
(2,534)






Net loss per share





Basic
(0.0235)
(0.0126)
(0.0018)Diluted
(0.0236)
(0.0127)
(0.0018)






Net loss per ADS





Basic
(1.1749)
(0.6306)
(0.0900)Diluted
(1.1814)
(0.6334)
(0.0900)






Weighted average number of shares outstanding





Basic
1,515,787,128
1,551,965,718
1,551,965,718Diluted
1,515,787,128
1,551,965,718
1,551,965,718Weighted average number of ADSs outstanding





Basic
30,315,743
31,039,314
31,039,314Diluted
30,315,743
31,039,314
31,039,314






Other comprehensive loss , net of tax of nil





Foreign currency translation adjustments
(272)
(31,160)
(4,517)Unrealized gains on available-for-sale securities, net
2,660
585
85Other comprehensive income/(loss)
2,388
(30,575)
(4,432)Total comprehensive loss
(25,721)
(42,491)
(6,159)Less: Total comprehensive income attributable to noncontrolling 
interests
6,662
4,731
686Total comprehensive loss attributable to Cheetah Mobile shareholders
(32,383)
(47,222)
(6,845)




For The Three Months Ended

March 31, 2025
March 31, 2026
March 31, 2026(a) Share-based compensation expenses
RMB
RMB
USDCost of revenues
5
-
-Research and development
296
932
135Selling and marketing
71
505
73General and administrative
5,212
2,044
296Total
5,584
3,481
504 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 March 31, 2026
GAAPShare-basedAmortization ofNon-GAAP
ResultCompensationintangible assets*Result
RMBRMBRMBRMBUSDRevenues258,993--258,99337,546Cost of revenues(92,431)--(92,431)(13,400)Gross profit166,562--166,56224,146





Research and development(57,722)932231(56,559)(8,200)Selling and marketing(71,714)5052,070(69,139)(10,023)General and administrative(66,136)2,044-(64,092)(9,292)Other operating income, net722--722105Total operating income and expenses(194,850)3,4812,301(189,068)(27,410)





Operating loss(28,288)3,4812,301(22,506)(3,264)Net loss attributable to Cheetah Mobile shareholders(17,480)3,4812,301(11,698)(1,697)





Diluted losses per ordinary share (RMB)(0.0127)0.00220.0016(0.0089)
Diluted losses per ADS (RMB)(0.6334)0.11000.0784(0.4450)
Diluted losses per ADS (USD)(0.0900)0.01590.0114(0.0645)













For The Three Months Ended March 31, 2025
GAAPShare-basedAmortization ofNon-GAAP
ResultCompensationintangible assets*Result
RMBRMBRMBRMBRevenues259,006--259,006Cost of revenues(69,505)5-(69,500)Gross profit189,5015-189,506




Research and development(61,244)2966,156(54,792)Selling and marketing(104,838)71469(104,298)General and administrative(52,624)5,212-(47,412)Other operating income, net2,670--2,670Total operating income and expenses(216,036)5,5796,625(203,832)




Operating loss(26,535)5,5846,625(14,326)Net loss attributable to Cheetah Mobile shareholders(33,357)5,5846,625(21,148)




Diluted losses per ordinary share (RMB)(0.0236)0.00370.0043(0.0156)Diluted losses per ADS (RMB)(1.1814)0.18500.2164(0.7800)




* 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 March 31, 2026

Internet Services
Global Enterprise Services
Robotics and others
Consolidated

RMB
RMB


RMB
USDRevenues from external customers
135,005
72,750
51,238
258,993
37,546Inter-segment revenues
-
11,130
-
11,130
1,614










Segment revenue
135,005
83,880
51,238
270,123
39,160Elimination of inter-segment revenue






(11,130)
(1,614)Consolidated Revenues






258,993
37,546Operating Costs and expenses









 Cost of revenues(i)
29,157
43,940
26,458



 Selling and marketing(i)
39,649
9,180
19,747



 Research and development(i)
28,992
378
27,142



 Other segment items(i)
22,011
16,629
4,761



Adjusted operating income/(losses)
15,196
13,753
(26,870)
2,079
301Unallocated amounts-share based compensations






3,481
504Unallocated amounts-corporate expense






26,886
3,898Operating loss






(28,288)
(4,101)Reconciliation of segment profit/(loss)









Interest income, net






3,422
496Foreign exchange gains, net






19,252
2,791Other income, net






1,321
192Loss before income taxes






(4,293)
(622)















For The Three Months Ended March 31, 2025

Internet Services
Global Enterprise Services
Robotics and others
Consolidated

RMB
RMB


RMBRevenues from external customers
159,141
81,297
18,568
259,006Inter-segment revenues
-
8,521
-
8,521








Segment revenue
159,141
89,818
18,568
267,527Elimination of inter-segment revenue






(8,521)Consolidated Revenues






259,006Operating Costs and expenses







 Cost of revenues(i)
22,992
28,317
24,486

 Selling and marketing(i)
67,496
14,782
20,031

 Research and development(i)
32,843
1,259
26,379

 Other segment items(i)
11,203
3,397
10,345

Adjusted operating income/(losses)
24,607
42,063
(62,673)
3,997Unallocated amounts-share based compensations






5,584Unallocated amounts-corporate expense






24,948Operating loss






(26,535)Reconciliation of segment profit/(loss)







Interest income, net






5,605Foreign exchange gains, net






1,650Other income, net






(4,009)Loss before income taxes






(23,289)













(i) Share-based compensations and certain corporate expenses 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

March 31, 2025
March 31, 2026
March 31, 2026

RMB


USDNet loss attributable to Cheetah Mobile shareholders
(33,357)
(17,480)
(2,534)Add:





Income tax expenses
4,820
7,623
1,105Interest income, net
(5,605)
(3,422)
(496)Depreciation and other amortization
9,782
6,464
937Net income attributable to noncontrolling interests
5,248
5,564
807Other expense/(income), net
2,359
(20,573)
(2,983)Share-based compensation
5,584
3,481
504Adjusted EBITDA
(11,169)
(18,343)
(2,660)  View original content:https://www.prnewswire.com/news-releases/cheetah-mobile-announces-first-quarter-2026-unaudited-consolidated-financial-results-302796536.htmlSOURCE Cheetah Mobile Original: Cheetah Mobile Announces First Quarter 2026 Unaudited Consolidated Financial Results

Cheetah Mobile To Report First Quarter 2026 Financial Results on June 10, 2026June 4, 2026 5:00 AM
PR Newswire (US) BEIJING, June 4, 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 that it will report its financial results for the first quarter 2026 before the U.S. market opens on Wednesday, June 10, 2026.The earnings release will be available on the Company's investor relations website at http://ir.cmcm.com.Cheetah Mobile's management will hold an earnings conference call at 7:00 AM on Wednesday, June 10, 2026, U.S. Eastern Time (7:00 PM on Wednesday, June 10, 2026, Beijing Time/Hong Kong Time).Participants 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: 4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 7570048English Translation:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: 4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 0340478The replay of the conference call will be accessible through June 17, 2026 by dialing the following numbers:Main Line:
International: 1-412-317-0088
United States Toll Free: 1-855-669-9658
Access Code: 5773189English Translation:
International: 1-412-317-0088
United States Toll Free: 1-855-669-9658
Access Code: 7127585A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com.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, AI Agent products, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud and multi-model management platform to companies globally, as well as service robots 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.For investor inquiries, please contact:Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com  View original content:https://www.prnewswire.com/news-releases/cheetah-mobile-to-report-first-quarter-2026-financial-results-on-june-10-2026-302791089.htmlSOURCE Cheetah Mobile Original: Cheetah Mobile To Report First Quarter 2026 Financial Results on June 10, 2026

Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Financial ResultsMarch 24, 2026 4:30 AM
PR Newswire (US)

AI and Others revenue grew 84.7% year over year and accounted for 46.5% of total revenue in 2025BEIJING, 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 HighlightsTotal 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 HighlightsTotal 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 CommentaryFu 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 InformationThe 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: 8826704English 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: 6928279A 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 RateThis 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 MeasuresThis 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 ContactHelen 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
USDASSETS




Current assets:




Cash and cash equivalents1,833,031
1,506,625
215,445Short-term investments335
9,527
1,362Accounts receivable, net473,619
468,058
66,931Prepayments and other current assets, net1,365,761
1,154,774
165,132Due from related parties, net106,934
94,821
13,559Total current assets3,779,680
3,233,805
462,429





Non-current assets:




Property and equipment, net51,564
40,238
5,754Operating lease right-of-use assets26,323
16,833
2,407Intangible assets, net190,665
54,069
7,732Goodwill424,099
460,034
65,784Long-term investments817,330
688,459
98,448Deferred tax assets128,581
112,913
16,146Other non-current assets86,059
77,521
11,085Total non-current assets1,724,621
1,450,067
207,356





Total assets5,504,301
4,683,872
669,785





LIABILITIES, MEZZANINE EQUITY
AND SHAREHOLDERS' EQUITY




Current liabilities:




Accounts payable219,566
211,689
30,271Accrued expenses and other current liabilities2,756,805
2,264,659
323,842Due to related parties69,606
18,613
2,662Income tax payable35,804
54,430
7,783Total current liabilities3,081,781
2,549,391
364,558





Non-current liabilities:




Deferred tax liabilities43,046
21,711
3,105Other non-current liabilities172,348
154,422
22,082Total non-current liabilities215,394
176,133
25,187





Total liabilities3,297,175
2,725,524
389,745





Mezzanine equity:




Redeemable noncontrolling interests189,725
197,560
28,251





Shareholders' equity:




Ordinary shares248
254
36Additional paid-in capital2,722,504
2,736,117
391,260Accumulated deficit(1,232,577)
(1,490,947)
(213,203)Accumulated other comprehensive income410,423
362,245
51,800Total Cheetah Mobile Inc. shareholders'
equity1,900,598
1,607,669
229,893Noncontrolling interests116,803
153,119
21,896





Total shareholders' equity2,017,401
1,760,788
251,789





Total liabilities, mezzanine equity and
shareholders' equity5,504,301
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,
2024
December 31,
2025
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2025

RMB
RMB
USD
RMB
RMB
USDRevenues
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
76,527Cost 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
assets
(152,890)
(41,563)
(5,943)
(152,890)
(41,563)
(5,943)Other operating (expense)/income
(377)
31
4
637
3,496
500Total 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
4,380Foreign exchange (losses)/gains
(32,236)
14,156
2,024
(21,726)
30,783
4,402Other 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
noncontrolling interests
3,913
3,843
550
15,971
22,561
3,226Net loss attributable to Cheetah
Mobile shareholders
(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
outstanding











Basic
1,512,707,145
1,550,604,238
1,550,604,238
1,503,054,847
1,533,473,068
1,533,473,068Diluted
1,512,707,145
1,550,604,238
1,550,604,238
1,503,054,847
1,533,473,068
1,533,473,068Weighted average number of ADSs
outstanding











Basic
30,254,143
31,012,085
31,012,085
30,061,097
30,669,461
30,669,461Diluted
30,254,143
31,012,085
31,012,085
30,061,097
30,669,461
30,669,461












Other comprehensive income/(loss) ,
net of tax of nil











Foreign currency translation adjustments
51,667
(25,511)
(3,648)
49,045
(50,422)
(7,210)Unrealized gains/(losses) on available-
for-sale securities, net
7,277
(5,541)
(792)
2,642
1,121
160Other 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
attributable to noncontrolling
interests
2,199
1,889
270
14,089
21,438
3,066Total comprehensive loss attributable to
Cheetah Mobile shareholders
(306,126)
(219,837)
(31,437)
(563,988)
(305,891)
(43,741)














For The Three Months Ended
For The Year Ended

December 31,
2024
December 31,
2025
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2025(a) Share-based compensation expenses
RMB
RMB
USD
RMB
RMB
USDCost of revenues
(460)
2
-
81
16
2Research and development
1,280
1,007
144
1,924
1,193
171Selling and marketing
(495)
290
41
(662)
773
111General and administrative
4,819
7,867
1,125
24,758
17,858
2,554Total
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
GAAPShare-basedAmortization
ofImpairmentNon-GAAP
GAAPShare-basedAmortization
ofImpairmentNon-GAAP
ResultCompensationintangible
assets*of goodwill
and
intangible
assetsResult
ResultCompensationintangible
assets*of goodwill
and
intangible
assetsResult
RMBRMBRMBRMBRMBUSD
RMBRMBRMBRMBRMBUSDRevenues308,851---308,85144,165
1,150,444---1,150,444164,511Cost of revenues(103,475)2--(103,473)(14,797)
(316,411)16--(316,395)(45,244)Gross profit205,3762--205,37829,368
834,03316--834,049119,267













Research and development(149,863)1,007108,471-(40,385)(5,775)
(346,152)1,193127,171-(217,788)(31,143)Selling and marketing(72,657)2902,070-(70,297)(10,053)
(362,735)7735,078-(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
intangible assets(41,563)--41,563--
(41,563)--41,563--Other operating income, net31---314
3,496---3,496500Total operating income and
expenses(351,153)9,164110,54141,563(189,885)(27,154)
(1,013,476)19,824132,24941,563(819,840)(117,234)













Operating (loss)/income(145,777)9,166110,54141,56315,4932,214
(179,443)19,840132,24941,56314,2092,033Net loss attributable to Cheetah
Mobile shareholders(190,739)9,166110,54141,563(29,469)(4,217)
(257,713)19,840132,24941,563(64,061)(9,159)













Diluted losses per ordinary share
(RMB)(0.1262)0.00590.07140.0268(0.0221)

(0.1764)0.01290.08630.0271(0.0501)
Diluted losses per ADS (RMB)(6.3082)0.29503.56821.3400(1.1050)

(8.8185)0.64504.31351.3550(2.5050)
Diluted losses per ADS (USD)(0.9000)0.04220.50820.1916(0.1580)

(1.2600)0.09220.61580.1938(0.3582)














 
For The Three Months Ended December 31, 2024
For The Year Ended December 31, 2024
GAAPShare-basedAmortization ofImpairmentNon-GAAP
GAAPShare-basedAmortization ofImpairmentNon-GAAP
ResultCompensationintangible
assets*of goodwill
and
intangible
assetsResult
ResultCompensationintangible
assets*of goodwill
and
intangible
assetsResult
RMBRMBRMBRMBRMB
RMBRMBRMBRMBRMBRevenues237,089---237,089
806,877---806,877Cost of revenues(64,317)(460)--(64,777)
(261,682)81--(261,601)Gross profit172,772(460)--172,312
545,19581--545,276











Research and development(65,506)1,2806,156-(58,070)
(243,391)1,92424,624-(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
assets(152,890)--152,890-
(152,890)--152,890-Other operating income, net(377)---(377)
637---637Total operating income and expenses(379,905)5,6046,625152,890(214,786)
(982,450)26,02026,500152,890(777,040)











Operating loss(207,133)5,1446,625152,890(42,474)
(437,255)26,10126,500152,890(231,764)Net loss attributable to Cheetah Mobile
shareholders(366,784)5,1446,625152,890(202,125)
(617,557)26,10126,500152,890(412,066)











Diluted losses per ordinary share (RMB)(0.2439)0.00340.00440.1011(0.1350)
(0.4162)0.01740.01760.1017(0.2795)Diluted losses per ADS (RMB)(12.1947)0.17000.22005.0547(6.7500)
(20.8097)0.87000.88005.0847(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
USDRevenues
155,896
152,955
308,851
44,165
615,281
535,163
1,150,444
164,511Operating Costs and expenses















Cost of revenues(i)
31,300
72,173
103,473
14,797
106,606
209,789
316,395
45,244Selling and marketing(i)
45,326
27,041
72,367
10,349
220,312
141,650
361,962
51,759Research and development(i)
10,367
138,489
148,856
21,286
110,060
234,899
344,959
49,328Other segment items(i)
22,237
98,529
120,766
17,269
63,436
223,295
286,731
41,001Adjusted 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
4,380Foreign exchange gains, net




14,156
2,024




30,783
4,402Other 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
Business
AI and others
Consolidated
Internet
Business
AI and others
Consolidated

RMB
RMB
RMB
RMB
RMB
RMBRevenues
160,152
76,937
237,089
517,188
289,689
806,877Operating Costs and expenses











Cost of revenues(i)
21,174
43,603
64,777
79,812
181,789
261,601Selling and marketing(i)
70,243
35,103
105,346
200,945
142,138
343,083Research and development(i)
30,651
33,575
64,226
115,476
125,991
241,467Other segment items(i)
11,877
192,852
204,729
58,122
313,758
371,880Adjusted 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




44,422Foreign 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,
2024
December 31,
2025
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2025

RMB
RMB
USD
RMB
RMB
USDNet loss attributable to Cheetah Mobile
shareholders
(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
1,211Interest 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
21,054Net income attributable to noncontrolling
interests
3,913
3,843
550
15,971
22,561
3,226Other expense, net
114,536
60,325
8,627
161,495
77,869
11,135Share-based compensation
5,144
9,166
1,310
26,101
19,840
2,838Impairment of goodwill and intangible
assets
152,890
41,563
5,943
152,890
41,563
5,943Adjusted EBITDA
(34,480)
19,378
2,770
(206,811)
29,195
4,176 



View original content:https://www.prnewswire.com/news-releases/cheetah-mobile-announces-fourth-quarter-and-fiscal-year-2025-unaudited-consolidated-financial-results-302723109.htmlSOURCE Cheetah Mobile

Original: Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Financial Results

CMCM, can the MOMO continue

CMCM, can the MOMO continue

Dump Trump, Rump..that's for sure...

CMCM new 52 week high

Pump and Trump

CMCM...HERE'S THE BREAKOUT

CMCM new 52 hi

CMCM blowing up

CMCM rock star

CMCM...THE BREAK OUT HERE IS STRONG!!!

CMCM.....READY TO GO

CMCM new. 52 hi

CMCM...BREAK OUT PLAY UNDERWAY

CMCM new 52 hi

Cmcm $2.64

$CMCM: Beautiful Bullflag setup here at 2.50 now


They are trading welllllllll below cash on hand, Mcap relative to Cash on HAND

https://www.cmcm.com/en/


AI Chinese ROBOTICS and games



GO $CMCM

CMCM: CEO and CTO receive cease and desist order from the SEC.

https://www.sec.gov/litigation/admin/2022/33-11104.pdf

Watch Cheetah Mobile start running. Get your shares before the train leaves the station HAHAHAHHAH

Cheetah Mobile is just getting started.
UP on light volume. A Strong Positive.

This Cheetah is about to take off. ALL ABOARD.

Cheetah Mobile is in 5g. up on light volume. This stock is running.

CMCM Mobile showing an up trend. Looks like it has reached its bottom.
Now its coming back to life. Earnings should help.

* * $CMCM Video Chart 07-10-2020 * *

Link to Video - click here to watch the technical chart video

News: $CMCM Penny Stocks To Watch Right Now After Record COVID Cases

Are These Coronavirus Penny Stocks On Your List In July? It may be crazy to think but c oronavirus penny stocks have been “a thing” for a while now. Ever since the late half of January, COVID-19 has captivated headlines. Investor interest followed shortly after. So what do thing...

In case you are interested CMCM - Penny Stocks To Watch Right Now After Record COVID Cases

$3+ nice

CMCM looks like it turned the corner

* * $CMCM Video Chart 10-28-2019 * *

Link to Video - click here to watch the technical chart video

* * $CMCM Video Chart 08-20-2019 * *

Link to Video - click here to watch the technical chart video

congrats

so market likes the results for a change,
closer to short + long term cash and investments.

News: $CMCM Cheetah Mobile Announces Second Quarter 2019 Unaudited Consolidated Financial Results

BEIJING , Aug. 20 . 2019 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced its unaudited consolidated financial results for the second quarter ended June 30, 2019 . Man...

Find out more Cheetah Mobile Announces Second Quarter 2019 Unaudited Consolidated Financial Results

News: $CMCM Cheetah Mobile Announces Dividend of US$0.50 per American Depositary Share

BEIJING , Aug. 20, 2019 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced that the Company's board of directors (the "Board") approved a special cash dividend of US$0.50 pe...

Got this from Cheetah Mobile Announces Dividend of US$0.50 per American Depositary Share

1Q19 Results and 2Q19 guidance is out and disappointing..

SeaOfSand: https://finesand.wordpress.com/2019/06/01/cheetah-mobile-cmcm-performance-update-1/#comment-441

We just debated it a bit and currently the only upside it their great annual investing results. They need time to make the proper reversal to have higher revenue + profits again. No guidance in this department yet.

Otherwise a healthy company, cash rich and so forth.
But profitability has now reached the zero mark.

No idea when the (stock) turnaround will happen.

no amended complain filed, dismissal next

SeaOfSand https://finesand.wordpress.com/2019/06/01/cheetah-mobile-cmcm-performance-update-1/comment-page-1/#comment-430

Yes, https://www.pacermonitor.com/public/case/26324343/Marcu_v_Cheetah_Mobile_Inc_et_al
last update was yesterday one minute before midnight!
Meaning, plaintiff didn’t file the amendment and hence this lawsuit will be dismissed now.
So like the short attack and dismissed lawsuit before, the accusations are all a pile of BS.
...
.. and the plaintiff is done, didn’t file an amendment as checked today.
Notable: Last amendment was filed in between Feb 12 – March 28, exactly when the last recovery ended and the last dive started March 5th.
CMCM’s lawyers, Skadden, Arps, Slate, Meagher & Flom Llp (nyc) are also performing the financial audit to ensure company will finally get out of these accusations with flying colors – they found nothing!
Judge Furman will very highly likely dismiss this case now.

P/E is now scratching 3, truly amazing.


Surprised by this price myself. Hmmm.

Updated DD by SeaOfSand, motivated simply by the very 'cheapness' of P/E < 4 now

https://finesand.wordpress.com/2019/06/01/cheetah-mobile-cmcm-performance-update-1/

- or -

https://seekingalpha.com/instablog/48819309-seaofsand/5310773-cheetah-mobile-cmcm-update-1

Bottom line, we have an annual revenue increase of just 0.1% and net income drop of around 14% annually already being compensated by a more than 55% MCAP drop, valuated at P/E < 4 today.

We understand the company’s seasonal income fluctuations and cause of the current ‘income dip’, which shall only be of temporary nature as the shift in business direction will allow even more growth than the to be replaced ad-ware cash flow. Company’s ability to compensate transitional income via financing activities is also very much undervalued.

Income would need to drop 62% further down from currently now ~$170M to $64.5M to make the $4.50/ADS price at P/E 10 somewhat reasonable, even though such a drop in net income would be outworld’ish.

More realistic would be allowing a cautious P/E ~10 while company is transitioning. Let’s say current $170M annual income drops another 14% more in 2019, leaving this year with only ~$146M and EPS of $1.08/ADS having 135M ADS left (see below). Hence $10 – $11 per ADS should be today’s recover goal at P/E 10 already accounting for another last drop in income.

$CMCM 20-F 2018: More dilution than buyback!

OS (issued) 1 ADS = 10 ordinary A or B shares
- 2017-12-31 142.16M (415.25M Class A ordinary, 1,006.398M Class B) 20-F
- 2018-06-30 143.63M
- 2018-09-30 143.33M
- 2018-09-20 142.63M (Repurchased $8M/$100M 1M ADS @ $8/sh avg; $92M to go)
- 2018-12-12 136.13M finviz
- 2018-12-31 143.34M (475.36M Class A ordinary, 957.99M Class B) 20-F

Repurchase
- https://www.sec.gov/Archives/edgar/data/1597835/000119312519122322/d654805d20f.htm#rom654805_25
- 2018-12-31 (and up to 2019-03-31): Total: 7.06M ADS @ $8.4156/ads avg for $67.82M
- 2018-12-31 (and up to 2019-03-31): 2018-09-13 $100M: 4.50M ADS @ $7.1778/ads avg for $32.30M


So effectively OS has been increased, i.e. diluted more than bought back.
CMCM also did not buy as much as possible!

20-F shows an increase in OS (A + B)?

No buyback but a shift from B to A?
Need to check this later on, but that would imply no buyback has been accounted in 2018 20-F?

If anybody can correct me here, please go ahead.
See https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146031855

they didn't buy back as much stock, but almost.

Market not yet excited about CMCM's turnaround, too bad (o8>
Keeping a lose eye on it.

Summertime ..

News: $CMCM LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in Cheetah Mobile Inc. to Contact the Firm

NEW YORK, NY / ACCESSWIRE / January 17, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Cheetah Mobile, Inc. (''Cheetah'' or the ''Company'') (NYSE:CMCM) of the January 29, 2019 deadline to seek the role of lead plaintiff in a federal securities ...

In case you are interested https://marketwirenews.com/news-releases/lead-plaintiff-deadline-alert-faruqi-faruqi-llp-encourages-investors-who-suffered-losses-exceeding-50-000-in-cheetah-mobile-inc-to-contact-the-firm-7036010.html

ready for a positive news release & recovery

as laid out here https://finesand.wordpress.com/2018/12/05/cheetah-mobile-cmcm-a-financially-solid-high-growth-company/

- EPS ~ $1.70
- Buy back done (or almost): 4.7M tradable Class-A left



Ownership

added Rule 10b-18 for Repurchase Programs details

https://finesand.wordpress.com/2018/12/05/cheetah-mobile-cmcm-a-financially-solid-high-growth-company/

Short Attack; Excellent Financials & Performance; Buyback

Best summary, I just added the last little piece of the puzzle,
the share structure in combination with the $92M buyback!

Short attack: https://finesand.wordpress.com/2018/11/30/cheetah-mobile-cmcm-an-outrageous-unfounded-accusation-short-attack/
- Already refuted with details given: 3rd Party SDKs, not intend
- Google even blogged about it: 3rd Party SDKs, no intend
- Hence CMCM's refutation is supported, forget the class-action suit attempts

Financial etc: https://finesand.wordpress.com/2018/12/05/cheetah-mobile-cmcm-a-financially-solid-high-growth-company/
- $600M in cash on hand
- 2018 PE roughly a 20-30% 2018 EPS increase to $1.66 -$1.80
- adware phasing out slowly, AI driven stuff coming in
- revenue already more balanced by countries and utils/games

And now the magic cooky, which I didn't totally get first: The impact of the share repurchase program they started for $100M earlier. After the short attack they had $92M left.
And they stated: Every day

Best you read it all in my blog, but below I copy the share structure pic and quote the most important conclusion.

Non-Tradable Class-B shares are fully owned by the parent companies and represent full control of CMCM. Class-A shares are tradable. One ADS represent 10 ordinary shares. Class-A and Class-B shares together represent the total OS, since they have equal value. Major parent companies owning from total OS are

Kingsoft 47.33%
Tencent 16.52%

Insiders and parent companies together hold 81.75% of total OS and 33.29% of Class-A shares. 13-F filings represent 19.72% of Class-A shares. In total 53% of Class-A shares are currently owned in above period, leaving 47% or 18M free float to trade.

...

Below mentioned share repurchase program will reduce the Class-A free float dramatically, roughly by 13M ADS @ $7 avg for $92M. This would reduce the Class-A free float from 39M to 26M ADS, a reduction of over 33%. The Class-A free float would be reduced to below 8M ADS.


..

Thanks to the short attack, $92M could buy roughly 13M ADS @ $7 average in the trading range $5.50 – $8.50. This reduces the Class-A about 33% down to only 26M ADS, leaving the free-float below 8M ADS! Roughly 4.4M ADS short-interest were reported last session.

* * $CMCM Video Chart 12-11-18 * *

Link to Video - click here to watch the technical chart video

* * $CMCM Video Chart 12-04-18 * *

Link to Video - click here to watch the technical chart video

An Outrageous Unfounded Accusation & Short Attack

https://finesand.wordpress.com/2018/11/30/cheetah-mobile-cmcm-an-outrageous-unfounded-accusation-short-attack/

Annual Short Attack / New AI Driven Biz

Oct 2017 Short Attack

2017-10-26 Prescience Point https://www.presciencepoint.com/research/research-archives/cheetah_mobile-cmcm/

2017-10-27 CMCM's fast refutation http://ir.cmcm.com/2017-10-27-Cheetah-Mobile-Responds-to-Recent-Allegations

+++

Nov 2018 Short Attack

CMCM ex-partner Kochava 'discloses' some phenomenons, where he prematurely points his fingers to CMCM and one other company for good measure, see

2018-11-26 https://www.buzzfeednews.com/article/craigsilverman/android-apps-cheetah-mobile-kika-kochava-ad-fraud

In the business of disclosing security vulnerabilities etc, the finder USUALLY contacts the involved companies w/o raising the flag in public. Finder may receive a finders fee.
The behavior Kochava exposes with the public disclosure, breaches the unwritten rules in this field. So called 'Zero day' disclosures are rare and using the yellow press even more so :)
Who knows how they get compensated for it. They surely got their dime here IMHO. Simply unethical in this business.

CMCM made three PR regarding the orchestrated and algo lead short attack

1) 2018-11-27 https://www.prnewswire.com/news-releases/cheetah-mobile-responds-to-recent-article-regarding-app-installation-attribution-300755861.html

2) 2018-11-27 https://www.prnewswire.com/news-releases/cheetah-mobile-further-responds-to-recent-articles-regarding-app-installation-attribution-300756450.html

3) 2018-11-28 https://www.prnewswire.com/news-releases/cheetah-mobile-responds-to-kochavas-misleading-statements-300757227.html

And guess who has outed themselves?
Prescience Point showed up on 2018-11-28

1) We predicted last year that $CMCM would face questions over what we believe are its fake "revenues" and significant ad fraud practices. Our report here: https://t.co/ZvWjTLNZf9— Prescience Point Capital (@PresciencePoint) November 28, 2018
2) Fantastic reporting this week from @CraigSilverman @BuzzfeedNews on alleged ad fraud being committed by @CheetahMobile $CMCM https://t.co/ERJ9UysfSY— Prescience Point Capital (@PresciencePoint) November 28, 2018
3) "This is theft — no other way to say it" @kochavamobile tells @BuzzfeedNews about $CMCM. We agree - @CheetahMobile has many questions to answer for what we find to be suspect financial reporting and ad fraud practices https://t.co/ugFifI0WZ6— Prescience Point Capital (@PresciencePoint) November 28, 2018

On 11/27 the SP wasn't even able to get above the 5min 8ema on around 10M traded shares, about 143M OS (reduced since 3Q18).
On 11/28 they seemingly enabled their algo around 10am after the gap-up.

The company lost more than 1/3 of their MCAP on 11/27 and only little has been recovered.
On 11/28 C was $6.64, a 17% loss compared to $8 previous support.
But I assume they started way earlier around $10, so factual loss on 11/28 is still 33.6% and on 11/27 was even around 50%!

Good algos were employed here, that's for sure :)

Ambulance chaser joined the coordinated attack as usual
1) 2018-11-28 https://www.businesswire.com/news/home/20181128005744/en/
2) 2018-11-28 https://www.benzinga.com/pressreleases/18/11/r12767961/cheetah-mobile-investor-alert-faruqi-faruqi-llp-encourages-investors-w

Compared to 2017-10-26, this may take a while longer...

+++

CMCM's new AI driven Business

2017-05-26 https://www.prnewswire.com/news-releases/cheetah-mobile-invests-in-robotics-business-300464519.html

2017-06-26 https://www.prnewswire.com/news-releases/orionstar-wins-challenge-to-recognize-one-million-celebrity-faces-with-artificial-intelligence-300494265.html

In May '17 CMCM invested into OrionStar https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=432245050

Please note from CMCM's 2017-10-27 short refutation
Allegations Regarding OrionStar Investment:
The allegations claim that the OrionStar investment is a vehicle for the misappropriation of shareholder capital. Because the transaction is considered a related-party transaction, the Company has followed strict procedures to ensure the fairness of the investment. Each of the Company and Kingsoft Corporation, the parent company of Cheetah Mobile, engaged an independent appraiser to evaluate the transaction and the audit committee of the Company has approved the transaction as well. Several external investors also invested in OrionStar at the same valuation.

CMCM started to plan their adware mobile-phone helper-all exit strategy in early 2017, knowing that this revenue source will no t match their growth trajectory and is declining.

CMCM entered the AI driven application market w/ and w/o hardware involved.

1Q18 CC:

Cheetah GreetBot, which is a full-sized reception robot developed by Beijing OrionStar. Cheetah GreetBot can recognize visitors when they arrive, communicate with them, help them find their contacts and accompanying them to meeting rooms
With Beijing OrionStar's end-to-end knowledge of robot production, they can tailor maker -- tailor make Cheetah GreetBot for customers such as companies, banks and hospitals at a compelling price.
Beijing OrionStar had made significant progress on Cheetah GreetBot production testing since its launch. If they execute according to plans, we expect to start delivering Cheetah GreetBot to customer in Q4 2018.

Q&A My first question about the margin trend for Q2 and 2018 due to our investment in the robotics business. And my second question is about our competitive strengths and our differentiations in the robotics business versus our peers.

A: First of all, for the OrionStar, Beijing OrionStar, this is a -- we are not controlling the company right now. We only have a warrant to acquire controlling position. So at this moment, it was (inaudible) possible right now (inaudible) alternative measurements, so we have not recognized the cost and expenses of Beijing OrionStar yet. So just on our book is our costs. The expense and costs will not impact the bottom line of Cheetah Mobile. In term of the margin, we expect that the gross margin will probably be slightly lower because the top line was reduced.


Timeline as planned was to start selling new products in 4Q18,
but company is now ahead of their plan:

Translator launched July 2018 https://pandaily.com/cheetah-mobile-launches-the-most-affordable-ai-translator-at-40/

GreetBot launched in August 2018 https://venturebeat.com/2018/08/29/cheetah-mobile-and-orionstar-release-greetbot-ai-receptionist-robots/

On 11/22/18 post 3Q18 CFO gave a nice interview https://www.bloomberg.com/news/videos/2018-11-21/china-s-cheetah-mobile-aims-to-become-ai-driven-company-cfo-says-video

CFO mentioned TikTok investment will gain around $86M https://play.google.com/store/apps/details?id=com.photogrid.tiptap&hl=en_US

Bytedance is the Tik Tok creator https://edition.cnn.com/2018/10/18/tech/bytedance-china-tiktok/index.html

and on 11/26 Bytedance generated $43M sold + $43M holding for CMCM https://www.sec.gov/Archives/edgar/data/1597835/000119312518333486/d652620d6k.htm

one of CMCM's big wins of investments https://www.prnewswire.com/news-releases/bytedance-and-nba-announce-global-partnership-to-deliver-customized-mobile-friendly-content-powered-by-artificial-intelligence-300755383.html

hope they buy the remaining portion of OrionStar, for which they do have an option.

Bottom line, company is moving away from the adware biz as planned long time ago anyways and their AI driven apps + tools are well received and already selling.

Such a transition is never easy, but seemingly CMCM managed it best so far - not being damaged by quarterly negatives. The shift and R&D being paid by the exiting adware revenues.

Short Thesis Part-1: Sheng Fu, CMCM CEO also owns OrionStar

and has sold 30% to CMCM. Accusation is that CMCM planned to launch into robotics anyways and CEO simply created OrionStar to sell a stake to CMCM -> misappropriation.

May need to dig into this detail, maybe more to come :)

About OrionStar

OrionStar is an artificial intelligence company incorporated in China and controlled by Mr. Sheng Fu, the chief executive officer and director of Cheetah Mobile. The company was established in September 2016 by a group of technology industry leaders and product specialists from Silicon Valley, Japan, Taiwan, Beijing and Shenzhen. In May 2017, Beijing Kingsoft Internet Security Software Co., Ltd. ("Beijing Security"), a wholly-owned subsidiary of Cheetah Mobile, entered into a capital injection agreement with OrionStar. Pursuant to the agreement, Beijing Security agreed to subscribe to newly issued equity interest in OrionStar.

OrionStar is committed to using AI technology to develop the next generation of ground-breaking technology products and free people from the burden of overly complicated tasks, make homes more intelligent and create a better world through technology.

In less than one year, OrionStar has successfully released its own voice recognition and image recognition systems.

In June 2017, OrionStar partnered with popular audio streaming platform Ximalaya.com in China to release Xiao Ya, a voice-operated speaker powered by OrionStar's self-developed remote voice interactive system, and the first product to connect to OrionStar's AI ecosystem.