Jianpu Technology Inc. (JT) Misses Q1 EPS by 1c, Revenue Beats

Jianpu Technology Inc. (NYSE: JT) reported Q1 EPS of ($0.05), $0.01 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $53.5 million versus the consensus estimate of $47.51 million.

First Quarter 2018 Financial Highlights:

• Total revenues[1] for the first quarter of 2018 increased by 145% to RMB335.7 million (US$53.5 million) from RMB137.3 million in the same period of 2017.
• Total recommendation services revenues for the first quarter of 2018 increased by 131% to RMB289.3 million (US$46.1 million) from RMB125.2 million in the same period of 2017.
• Gross profit increased by 139% to RMB286.4 million (US$45.7 million) in the first quarter of 2018 from RMB119.9 million in the same period of 2017.
• Non-GAAP adjusted net loss[2], which excluded share-based compensation expenses, decreased by 35.9% to RMB19.8 million (US$3.2 million) in the first quarter of 2018, from RMB30.9 million in the same period of 2017.
• Non-GAAP adjusted EBITDA[3], which excluded share-based compensation expenses, depreciation and amortization, interest income and expenses, and income tax expenses from net loss, for the first quarter of 2018 was a loss of RMB18.6 million (US$3.0 million), representing a decrease of 30.3% from a loss of RMB26.7 million in the same period of 2017.

For earnings history and earnings-related data on Jianpu Technology Inc. (JT) click here.

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