{"id":28831,"date":"2014-08-20T07:47:18","date_gmt":"2014-08-20T11:47:18","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=28831"},"modified":"2014-08-20T07:47:18","modified_gmt":"2014-08-20T11:47:18","slug":"cheetah-mobile-inc-adr-nysecmcm-reports-139-3-increase-in-revenue-in-2q-report","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/cheetah-mobile-inc-adr-nysecmcm-reports-139-3-increase-in-revenue-in-2q-report-28831","title":{"rendered":"Cheetah Mobile Inc (ADR) (NYSE:CMCM) Reports 139.3% Increase In Revenue In 2Q Report"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 The Chinese mobile internet company, <strong>Cheetah Mobile Inc (ADR) (NYSE:CMCM),<\/strong> announced its unaudited <a href=\"http:\/\/finance.yahoo.com\/news\/cheetah-mobile-announces-second-quarter-110000772.html\" target=\"_blank\">second quarter<\/a> 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.<\/p>\n<p style=\"text-align: justify;\"><strong>The Highlights Of 2Q Financial Earnings:<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Total Revenue:<\/strong><\/p>\n<p style=\"text-align: justify;\">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&#8217;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.<\/p>\n<p style=\"text-align: justify;\"><strong>Revenue From Mobile Business:<\/strong><\/p>\n<p style=\"text-align: justify;\">The revenue earned from mobile business in 2Q increased more than 1,100% in the second quarter with respect to the 2013&#8217;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.<\/p>\n<p style=\"text-align: justify;\"><strong>Net Income:<\/strong><\/p>\n<p style=\"text-align: justify;\">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).<\/p>\n<p style=\"text-align: justify;\"><strong>Significant Operational Success In 2Q2014:<\/strong><\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n<p style=\"text-align: justify;\"><strong>CEO Says:<\/strong><\/p>\n<p style=\"text-align: justify;\">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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 The Chinese mobile internet company, Cheetah Mobile Inc (ADR) (NYSE:CMCM), announced its unaudited second quarter financial result on August 19, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":28100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[7855,7854,7856,7877],"stock_ticker":[],"class_list":["post-28831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-cheetah-mobile-inc-adr","tag-cheetah-mobile-inc-adr-nysecmcm","tag-nysecmcm","tag-sheng-fu","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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