Boston, MA 08/20/2014 (wallstreetpr) – The Chinese mobile internet company, Cheetah Mobile Inc (ADR) (NYSE:CMCM), announced its unaudited second quarter financial result on August 19, 2014. The facts and figures of financial result represent the performance of three month-period that ended on June 30, 2014.
The Highlights Of 2Q Financial Earnings:
Total Revenue:
The total revenue generated in the quarter is $61.3 million (RMB380.3 million), while last year in the similar period, the revenue generated by Cheetah Mobile Inc (ADR) (NYSE:CMCM) was RMB158.9 million. The increased revenue represents 139.3% hike compared to the last year. The significant rise in revenue is driven by the company’s online marketing and IVAS, which increased 112.1% and 571.3% respectively compared to a year back. However, the total revenue in 2Q is up by 20.5% than the prior quarter.
Revenue From Mobile Business:
The revenue earned from mobile business in 2Q increased more than 1,100% in the second quarter with respect to the 2013’s figure. The mobile revenue, which was RMB6.3 million in 2Q2013, climbed up to $12.3 million (RMB76.2 million). Needless to say, the revenue from mobile also surged 42% from the previous quarter.
Net Income:
The net income, which was RMB1.4 million in 2Q of 2013, marched up by 876.8% to RMB13.4 million ($2.2 million) within a year. The net margin also increased 3.5% in 2Q this year. The non-GAAP net income reported in this quarter is RMB65.4 million ($10.5 million).
Significant Operational Success In 2Q2014:
As of June 2014, in the international context, the total mobile user installer expanded 32%, while monthly mobile active user increased 255.2% year over year.
CEO Says:
The CEO of Cheetah Mobile Inc (ADR) (NYSE:CMCM), Mr. Sheng Fu said that the quarterly report is pleasing. It also represented a strong performance in all the business lines. Mr. Sheng also said that the company is excited to post another quarter of speedy user growth and to expect a firm foundation for its future.
