SHANGHAI :
Cheetah Mobile Sees Gaming and Live-Streaming Income Jump 270.5% in Second Quarter
Dou Shicong
DATE:  Aug 24 2017
/ SOURCE:  Yicai
Cheetah Mobile Sees Gaming and Live-Streaming Income Jump 270.5% in Second Quarter Cheetah Mobile Sees Gaming and Live-Streaming Income Jump 270.5% in Second Quarter

(Yicai Global) Aug. 24 -- Cheetah Mobile Inc. [NASDAQ:CMCM], a Beijing-based tech company, brought in CNY1.202 billion (USD180 million) in revenue in the second quarter of this year, marking an annual increase of 14.8 percent.

Income from its mobile entertainment business, which includes mobile gaming and live-streaming, soared 270.5 percent to CNY371 million.

The firm reported a net profit of CNY94.4 million (USD14.16 million) in the period, compared to a net loss of CNY61.9 million a year earlier. This equates to earnings per share of USD0.09, slightly higher than the average analyst estimate of USD0.08.

Revenue from its mobile terminal business grew 34.5 percent annually to CNY1.039 billion, while its mobile entertainment business, which includes live broadcast platform Live.me and phone games Piano Tiles 2 and Rolling Sky, was a key growth driver.

Cheetah Mobile had 581.3 million monthly active mobile users worldwide in June, with 77.3 percent based in Europe and the US.

Over the past year, Piano Tiles 2 and Rolling Sky were consistently among the top three most popular mobile games in the music and desktop categories in the US. It kicked off its gaming live-stream and a talent show on Live.me in the second quarter.

The company will look to further expand its gaming business, though much of the company's income comes through advertising, said Fu Sheng, chief executive.

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Keywords:   Cheetah Mobile,Financial Performance,Mobile Games,Live Broadcast