Cheetah Mobile (CMCM) Reports Q4 EPS of $0.09, Revenues Miss; Offers 1Q Revenue Guidance Below Consensus

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Go back to Cheetah Mobile (CMCM) Reports Q4 EPS of $0.09, Revenues Miss; Offers 1Q Revenue Guidance Below Consensus

Cheetah Mobile Announces Fourth Quarter and Full Year 2020 Unaudited Consolidated Financial Results

March 23, 2021 6:59 AM EDT

BEIJING, March 23, 2021 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2020.

Management Commentary

Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, stated, "For the full year of 2020, Cheetah Mobile earned RMB1,559 million in revenues, and RMB417 million in GAAP net income attributable to our shareholders, despite the unfavorable macro environment. In 2020, we chose to strategically exit from overseas markets and... More