Cheetah Mobile (CMCM) Tops Q3 EPS by 2c, Offers Outlook

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Go back to Cheetah Mobile (CMCM) Tops Q3 EPS by 2c, Offers Outlook

Cheetah Mobile Announces Third Quarter 2018 Unaudited Consolidated Financial Results

November 21, 2018 7:15 AM EST

BEIJING, Nov. 21, 2018 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with global market coverage, today announced its unaudited consolidated financial results for the third quarter ended September 30, 2018.

Third Quarter 2018 Financial Highlights

Total revenues[1] grew by 15.6% year over year and 22.5% quarter over quarter to RMB1,352.0 million (US$196.9 million). Revenues from the mobile entertainment business increased by 37.5% year over year and 49.6% quarter over quarter to RMB497.9 million (US$72.5 million). Revenues from utility products and related services increased by... More