Technology Nov 24, 2020 05:03 PM (GMT+8) · EqualOcean
On November 24, cheetah Mobile released Q3 financial report in 2020. In the third quarter of 2020, the company's total revenue was 365 million yuan, exceeding the previous quarter's guidelines. Among them, the tool business revenue was 186 million yuan, which was basically the same as the previous quarter; the mobile entertainment business income was 158 million yuan, which was 12.1% lower than the previous quarter due to the continuous impact of Google's overseas cooperation suspension of advertising cooperation. Affected by the epidemic situation on the b-end market, cheetah mobile achieved 21.3 million yuan in AI business in the third quarter, up 9.5% month on month. As of November 20, cheetah shopping center robots have formed a service network covering 1015 shopping malls and 8965 robots in 35 cities across the country. In the third quarter, non GAAP costs and expenses decreased by 57.9% year-on-year, including 69.0% to 113 million yuan, 46.9% to 113 million yuan, and 58.0% to 167 million yuan. In this quarter, the net profit of non GAAP to the shareholders of cheetah mobile was 266 million yuan; after paying dividends of 200 million US dollars, the company's cash reserves and long-term investment were 3.849 billion yuan.