Cheetah Mobile (CMCM) Reports Q1 Loss of $0.10 on Revenues of $74.58M; Offers 2Q Revenue Outlook

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Go back to Cheetah Mobile (CMCM) Reports Q1 Loss of $0.10 on Revenues of $74.58M; Offers 2Q Revenue Outlook

Cheetah Mobile Announces First Quarter 2020 Unaudited Consolidated Financial Results

June 10, 2020 5:30 AM EDT

BEIJING, June 10, 2020 /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 first quarter ended March 31, 2020.

Management Commentary

Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, stated, "In the first quarter of 2020, we continued to streamline our operations in the mobile Internet business and implement strict cost and expense controls to reduce our losses from the previous quarter. Total cost and expenses decreased by 38.4%... More