Macquarie Downgrades Cheetah Mobile (CMCM) to Neutral
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Cheetah Mobile Announces First Quarter 2016 Unaudited Consolidated Financial Results
May 19, 2016 8:03 AM EDTBEIJING, May 19, 2016 /PRNewswire/ --Â Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company that provides mission critical applications to help make the internet and mobile experience speedier, simpler, and safer for users worldwide, today announced its unaudited consolidated financial results for the first quarter of 2016.
First Quarter 2016 Financial Highlights[1]
Total revenues were RMB1,115.0 million (US$172.9 million). Excluding the Kingsoft Japan consolidation impact, total revenues were RMB1,096.0 million (US$170.0 million), representing a 63.0% year-over-year increase. Mobile revenues... More