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Stock impact report

Cheetah Mobile Announces Second Half and Full Year 2023 Unaudited Consolidated Financial Results

Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares (CMCM) 
Last cheetah mobile inc. american depositary shares, each representing fifty (50) class a ordinary shares earnings: 8/22 05:50 am Check Earnings Report
US:NYSE Investor Relations: ir.cmcm.com
Company Research Source: PR Newswire
BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023. Management CommentaryMr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, stated, "In 2023, our total revenue was RMB669.5 million (USD94.3 million), which is within our guidance. We successfully completed the acquisition of controlling stake in Beijing OrionStar in November 2023. Through this transaction, the AI technology strengths accumulated by Beijing OrionStar will allow Cheetah Mobile to access the business chain from AI and large language models to end use cases and applications. Cheetah Mobile is optimistic about the immense potential of the service robot market in the LLM era. We believe that a greater market opportunity for AI solutions and service robots has arrived. As a result of the foregoing, th Show less Read more
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