Cheetah Mobile (CMCM) Misses Q2 EPS by 6c; Mobile Revs Rose 36.7%

Cheetah Mobile (NYSE: CMCM) reported Q2 EPS of ($0.07), $0.06 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $157.5 million versus the consensus estimate of $149.23 million.

Mobile revenues increased by 36.7% year-over-year to RMB772.3 million (US$116.2 million). Mobile revenues accounted for 73.8% of total revenues.

Second Quarter 2016 Key Operating Metrics

• The number of mobile monthly active users ("Mobile MAUs") was 623 million in June 2016. The number of mobile MAUs from overseas markets accounted for 79.4% of total mobile MAUs in June 2016.
• Total global mobile user installations was 3,099 million as of June 30, 2016.

GUIDANCE:

Cheetah Mobile sees Q3 2016 revenue of $166-173 million, versus the consensus of $155.6 million.

For earnings history and earnings-related data on Cheetah Mobile (CMCM) click here.

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