In This Article:
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Total Revenue: Increased by 42% year-over-year and 23% quarter-over-quarter to RMB237 million in Q4.
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Full-Year Revenue: Increased by 21% to RMB807 million for 2024.
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Internet Business Revenue: Increased by 49% year-over-year and 19% quarter-over-quarter, accounting for 68% of total revenue.
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AI and Other Revenues: Increased by 29% year-over-year and 33% quarter-over-quarter.
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Non-GAAP Gross Profit: Increased by 74% year-over-year and 32% quarter-over-quarter to RMB172 million in Q4.
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Non-GAAP Gross Margin: Increased to 73% in Q4, from 59% in the same period last year and 68% in the previous quarter.
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Non-GAAP Operating Loss: Reduced by about RMB18 million quarter-over-quarter and about RMB7 million year-over-year to RMB42 million.
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Operating Cash Flow: Generated about $39 million in Q4.
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Net Cash Position: Closed Q4 with about $250 million.
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Long-term Investments: Approximately $100 million held on the balance sheet.
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Employee Count: 935 employees as of December 31, 2024, up from 845 in 2023.
Release Date: March 26, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Cheetah Mobile Inc (NYSE:CMCM) reported a robust 42% year-over-year and 23% quarter-over-quarter revenue growth in Q4 2024.
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The company successfully reduced non-GAAP operating losses quarter-over-quarter, with expectations for further reductions in the first quarter of 2025.
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Cheetah Mobile Inc (NYSE:CMCM) is experiencing strong growth in its enterprise-facing AI and robotic businesses, alongside its legacy Internet business.
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The introduction of AgentOS, a next-generation voice interaction system, is expected to expand the company's total addressable market and enhance customer experience.
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Cheetah Mobile Inc (NYSE:CMCM) achieved significant progress in international markets, becoming the largest service robot provider in Italy and planning to open a European headquarters in Germany.
Negative Points
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Despite revenue growth, Cheetah Mobile Inc (NYSE:CMCM) still reported non-GAAP net losses attributable to shareholders for the full year 2024.
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The robotics business, while growing, only contributed about 10% of total revenues, indicating a need for further expansion.
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The company faces challenges in achieving large-scale commercial application of its robotic products due to the complexity of software and hardware integration.
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Cheetah Mobile Inc (NYSE:CMCM) acknowledges that the market for service robots in developed regions lags behind China, presenting both an opportunity and a challenge.
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The company is still in the early stages of building its presence in overseas markets, which requires time and investment in developing channels and recruiting sales personnel.