CMCM: First quarterly operating profit in six years, led by 150.8% AI segment revenue growth

BEIJING, Nov. 26, 2025 /PRNewswire/ — Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company"), a China-based IT company, today announced its unaudited consolidated financial results for the quarter ended September 30, 2025.

Management Commentary

Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, remarked, "We are pleased to see continued momentum in our turnaround journey. In the third quarter of 2025, we delivered our first quarterly operating profit in six years--reaching this milestone ahead of expectations. Total revenue grew 49.6% year over year, with the AI and others segment increasing 150.8% and contributing half of total revenue, reflecting the emergence of our next growth engine. Within the AI and others segment, our AI robot business continued to perform well, supported by solid demand for our voice-enabled wheel robots and robotic arms. In parallel, we are developing AI-native tools across PC and mobile, while enhancing existing products with new AI features. Looking ahead, we remain focused on driving growth by building new growth engines through continued investment in AI robots and AI tools."

Mr. Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "Our consistent improvement on bottom-line reflects our disciplined execution and operational improvements. Operating profit was about RMB3.9 million, increasing from an operating loss of RMB72.0 million in the year ago quarter and an operating loss of RMB11.1 million in the previous quarter. Non-GAAP operating profit reached RMB15.1 million, compared with a non-GAAP operating loss of RMB60.5 million in the same period last year and RMB2.1 million in Q2. Our Internet business segment generated RMB68.2 million in adjusted operating profit in the first nine months of 2025, exceeding full-year 2024 levels and growing 86.2% year over year. Meanwhile, adjusted operating loss in our AI and others segment narrowed meaningfully in this quarter. In addition, our balance sheet remains healthy."

Third Quarter 2025 Financial Highlight

• Total revenues grew by 49.6% year-over-year to RMB287.4 million (US$40.4 million) in the third quarter of 2025, driven by the 150.8% year-over-year increase in AI and others revenues, which already accounted for 50.4% of Cheetah Mobile's third quarter revenues, up from 30.1% in the same period last year.
• Gross profit increased by 64.4% year-over-year to RMB214.4 million (US$30.1 million) in the third quarter of 2025. Non-GAAP gross profit rose by 64.3% year-over-year to RMB214.4 million (US$30.1 million) in the third quarter of 2025. Gross margin was 74.6% in the third quarter of 2025, up from 67.9% in the year-ago quarter. Non-GAAP gross margin was 74.6% in the third quarter of 2025, up from 67.9% in the year-ago quarter.
• Operating profit was RMB3.9 million (US$0.6 million) in the third quarter of 2025, improving from operating loss of RMB72.0 million in the same period last year. Non-GAAP operating profit was RMB15.1 million (US$2.1 million) in the third quarter of 2025, improving from non-GAAP operating loss of RMB60.5 million in the same period last year.
• Net loss attributable to Cheetah Mobile Shareholders was RMB11.0 million (US$1.5 million) in the third quarter of 2025, improving from net loss attributable to Cheetah Mobile Shareholders of RMB 46.9 million in the year ago quarter. Non-GAAP net income attributable to Cheetah Mobile Shareholders was RMB0.2 million (US$0.03 million) in the third quarter of 2025, improving from non-GAAP net loss attributable to Cheetah Mobile Shareholders of RMB35.4 million in the same period last year.
• As of September 30, 2025, the Company had cash and cash equivalents of RMB1,597.3 million (US$224.4 million), ensuring strong liquidity.
• As of September 30, 2025, the Company had long-term investments of RMB761.4 million (US$107.0 million).

Conference Call Information

The Company will hold a conference call on November 26, 2025, at 6:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers:

Main Line:

International: 1-412-317-6061

United States Toll Free: 1-888-317-6003

Mainland China Toll Free: +86-4001-206115

Hong Kong Toll Free: 800-963976

Conference ID: 4896015

English Translation:

International: 1-412-317-6061

United States Toll Free: 1-888-317-6003

Mainland China Toll Free: +86-4001-206115

Hong Kong Toll Free: 800-963976

Conference ID: 4165222

A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com.

Exchange Rate

This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB7.1190 to US$1.00, the exchange rate in effect as of September 30, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP").

About Cheetah Mobile Inc.

Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has attracted hundreds of millions of users through an array of internet products and services on PCs and mobile devices. At the same time, it actively engages in the independent research and development of AI technologies, including LLM technologies. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as AI service robots and robotic arms to international clients. Cheetah Mobile is also committed to leveraging its cutting-edge AI technologies, including LLM technologies, to empower its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Safe Harbor Statement

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Use of Non-GAAP Financial Measures

This release contains non-GAAP financial measures, including but not limited to:

• Non-GAAP cost of revenues excludes share-based compensation expenses;
• Non-GAAP gross profit excludes share-based compensation expenses;
• Non-GAAP gross margin excludes share-based compensation expenses;
• Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
• Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;
• Non-GAAP selling and marketing expenses exclude share-based compensation expenses and amortization of intangible assets resulting from business acquisitions;
• Non-GAAP general and administrative expenses exclude share-based compensation expenses;
• Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
• Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
• Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;

The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results".

Investor Relations Contact

Helen Jing Zhu

Cheetah Mobile Inc.

Tel: +86 10 6292 7779

Email: ir@cmcm.com

 
CHEETAH MOBILE INC. 
Condensed Consolidated Balance Sheets 
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars 
("US$")) 
 
                                                   As of 
                                 ----------------------------------------- 
                                 December 31, 2024  September 30, 2025 
                                 -----------------  ---------------------- 
                                        RMB             RMB         USD 
ASSETS 
Current assets: 
Cash and cash equivalents                1,833,031    1,597,311    224,373 
Short-term investments                         335          863        121 
Accounts receivable, net                   473,619      443,459     62,292 
Prepayments and other current 
 assets, net                             1,365,761    1,115,204    156,653 
Due from related parties, net              106,934      126,801     17,812 
                                 -----------------  -----------  --------- 
Total current assets                     3,779,680    3,283,638    461,251 
                                 -----------------  -----------  --------- 
 
Non-current assets: 
Property and equipment, net                 51,564       40,797      5,731 
Operating lease right-of-use 
 assets                                     26,323       19,067      2,678 
Intangible assets, net                     190,665      205,660     28,889 
Goodwill                                   424,099      460,034     64,621 
Long-term investments                      817,330      761,408    106,954 
Deferred tax assets                        128,581      119,725     16,818 
Other non-current assets                    86,059       90,317     12,687 
                                 -----------------  -----------  --------- 
Total non-current assets                 1,724,621    1,697,008    238,378 
                                 -----------------  -----------  --------- 
 
Total assets                             5,504,301    4,980,646    699,629 
                                 =================  ===========  ========= 
 
LIABILITIES, MEZZANINE EQUITY 
 AND SHAREHOLDERS' EQUITY 
Current liabilities: 
Accounts payable                           219,566      207,356     29,127 
Accrued expenses and other 
 current liabilities                     2,756,805    2,309,513    324,415 
Due to related parties                      69,606       18,011      2,530 
Income tax payable                          35,804       50,748      7,129 
                                 -----------------  -----------  --------- 
Total current liabilities                3,081,781    2,585,628    363,201 
                                 -----------------  -----------  --------- 
 
Non-current liabilities: 
Deferred tax liabilities                    43,046       44,635      6,270 
Other non-current liabilities              172,348      165,010     23,179 
                                 -----------------  -----------  --------- 
Total non-current liabilities              215,394      209,645     29,449 
                                 -----------------  -----------  --------- 
 
Total liabilities                        3,297,175    2,795,273    392,650 
                                 -----------------  -----------  --------- 
 
Mezzanine equity: 
Redeemable noncontrolling 
 interests                                 189,725      196,191     27,559 
 
Shareholders' equity: 
Ordinary shares                                248          254         36 
Additional paid-in capital               2,722,504    2,724,880    382,762 
Accumulated deficit                    (1,232,577)  (1,299,551)  (182,547) 
Accumulated other comprehensive 
 income                                    410,423      391,343     54,972 
                                 -----------------  -----------  --------- 
Total Cheetah Mobile Inc. 
 shareholders' equity                    1,900,598    1,816,926    255,223 
Noncontrolling interests                   116,803      172,256     24,197 
                                 -----------------  -----------  --------- 
 
Total shareholders' equity               2,017,401    1,989,182    279,420 
                                 -----------------  -----------  --------- 
 
Total liabilities, mezzanine 
 equity and shareholders' 
 equity                                  5,504,301    4,980,646    699,629 
                                 =================  ===========  ========= 
 
 
CHEETAH MOBILE INC. 
Condensed Consolidated Statements of Comprehensive Loss 
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and 
per 
share (or ADS) data) 
 
                               For The Three Months Ended                    For The Nine Months Ended 
                       -------------------------------------------  ------------------------------------------- 
                       September 30,  September 30,  September 30,  September 30,  September 30,  September 30, 
                            2024           2025           2025           2024           2025           2025 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
                            RMB            RMB            USD            RMB            RMB            USD 
Revenues                     192,083        287,369         40,367        569,788        841,593        118,217 
    Internet business        134,287        142,407         20,004        357,036        459,385         64,529 
    AI and others             57,796        144,962         20,363        212,752        382,208         53,688 
Cost of revenues (a)        (61,714)       (73,005)       (10,255)      (197,365)      (212,936)       (29,911) 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Gross profit                 130,369        214,364         30,112        372,423        628,657         88,306 
 
Operating income and 
expenses: 
Research and 
 development (a)            (66,269)       (67,962)        (9,547)      (177,885)      (196,289)       (27,573) 
Selling and marketing 
 (a)                        (89,038)       (82,806)       (11,632)      (237,570)      (290,078)       (40,747) 
General and 
 administrative (a)         (47,349)       (60,170)        (8,452)      (188,104)      (179,421)       (25,203) 
Other operating 
 income, net                     278            506             71          1,014          3,465            487 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Total operating 
 income and expenses       (202,378)      (210,432)       (29,560)      (602,545)      (662,323)       (93,036) 
 
Operating 
 (loss)/income              (72,009)          3,932            552      (230,122)       (33,666)        (4,730) 
Other 
income/(expenses): 
Interest income, net           9,471          9,560          1,343         34,560         25,145          3,532 
Foreign exchange 
 gains                        21,351          8,628          1,212         10,510         16,627          2,336 
Other 
 income/(expense), 
 net                           1,738       (12,318)        (1,730)       (57,469)       (34,171)        (4,800) 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
 
(Loss)/income before 
 income taxes               (39,449)          9,802          1,377      (242,521)       (26,065)        (3,662) 
Income tax 
 (expenses)/benefits         (2,387)       (13,506)        (1,897)          3,806       (22,191)        (3,117) 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Net loss                    (41,836)        (3,704)          (520)      (238,715)       (48,256)        (6,779) 
Less: net income 
 attributable to 
 noncontrolling 
 interests                     5,061          7,270          1,021         12,058         18,718          2,629 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Net loss attributable 
 to Cheetah Mobile 
 shareholders               (46,897)       (10,974)        (1,541)      (250,773)       (66,974)        (9,408) 
                       =============  =============  =============  =============  =============  ============= 
 
Net loss per share 
Basic                       (0.0323)       (0.0085)       (0.0012)       (0.1711)       (0.0480)       (0.0067) 
Diluted                     (0.0323)       (0.0086)       (0.0012)       (0.1711)       (0.0483)       (0.0067) 
 
Net loss per ADS 
Basic                       (1.6150)       (0.4236)       (0.0600)       (8.5542)       (2.4019)       (0.3350) 
Diluted                     (1.6150)       (0.4296)       (0.0600)       (8.5569)       (2.4130)       (0.3350) 
 
Weighted average 
number of shares 
outstanding 
Basic                  1,509,057,830  1,548,248,444  1,548,248,444  1,499,799,151  1,527,699,928  1,527,699,928 
Diluted                1,509,057,830  1,548,248,444  1,548,248,444  1,499,799,151  1,527,699,928  1,527,699,928 
Weighted average 
number of ADSs 
outstanding 
Basic                     30,181,157     30,964,969     30,964,969     29,995,983     30,553,999     30,553,999 
Diluted                   30,181,157     30,964,969     30,964,969     29,995,983     30,553,999     30,553,999 
 
Other comprehensive 
income/(loss) , net 
of tax of nil 
Foreign currency 
 translation 
 adjustments                (32,036)       (16,996)        (2,387)        (2,622)       (24,911)        (3,499) 
Unrealized 
 gains/(losses) on 
 available-for-sale 
 securities, net               2,799          3,814            536        (4,635)          6,662            936 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Other comprehensive 
 loss                       (29,237)       (13,182)        (1,851)        (7,257)       (18,249)        (2,563) 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Total comprehensive 
 loss                       (71,073)       (16,886)        (2,371)      (245,972)       (66,505)        (9,342) 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Less: Total 
 comprehensive income 
 attributable to 
 noncontrolling 
 interests                     7,346          5,774            811         11,890         19,549          2,746 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Total comprehensive 
 loss attributable to 
 Cheetah Mobile 
 shareholders               (78,419)       (22,660)        (3,182)      (257,862)       (86,054)       (12,088) 
                       =============  =============  =============  =============  =============  ============= 
 
 
 
                               For The Three Months Ended                    For The Nine Months Ended 
                       -------------------------------------------  ------------------------------------------- 
                       September 30,  September 30,  September 30,  September 30,  September 30,  September 30, 
                            2024           2025           2025           2024           2025           2025 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
(a) Share-based 
compensation 
expenses                    RMB            RMB            USD            RMB            RMB            USD 
Cost of revenues                  92              4              1            541             14              2 
Research and 
 development                     236          (172)           (24)            644            186             26 
Selling and marketing          (277)            183             26          (167)            483             68 
General and 
 administrative                4,863          2,714            381         19,939          9,991          1,403 
                       -------------  -------------  -------------  -------------  -------------  ------------- 
Total                          4,914          2,729            384         20,957         10,674          1,499 
                       =============  =============  =============  =============  =============  ============= 
 
 
CHEETAH MOBILE INC. 
Reconciliation of GAAP and Non-GAAP Results 
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data) 
 
                       For The Three Months Ended September 30, 2025                For The Nine Months Ended September 30, 2025 
                 ----------------------------------------------------------  ---------------------------------------------------------- 
                                          Amortization                                                Amortization 
                   GAAP     Share-based        of            Non-GAAP          GAAP     Share-based        of            Non-GAAP 
                                           intangible                                                  intangible 
                  Result    Compensation     assets*          Result          Result    Compensation     assets*          Result 
                 ---------  ------------  ------------  -------------------  ---------  ------------  ------------  ------------------- 
                    RMB         RMB           RMB          RMB       USD        RMB         RMB           RMB          RMB       USD 
Revenues           287,369             -             -    287,369    40,367    841,593             -             -    841,593   118,217 
Cost of 
 revenues         (73,005)             4             -   (73,001)  (10,254)  (212,936)            14             -  (212,922)  (29,909) 
                 ---------  ------------  ------------  ---------  --------  ---------  ------------  ------------  ---------  -------- 
Gross profit       214,364             4             -    214,368    30,113    628,657            14             -    628,671    88,308 
 
Research and 
 development      (67,962)         (172)         6,388   (61,746)   (8,674)  (196,289)           186        18,700  (177,403)  (24,920) 
Selling and 
 marketing        (82,806)           183         2,070   (80,553)  (11,315)  (290,078)           483         3,008  (286,587)  (40,257) 
General and 
 administrative   (60,170)         2,714             -   (57,456)   (8,071)  (179,421)         9,991             -  (169,430)  (23,800) 
Other operating 
 income, net           506             -             -        506        71      3,465             -             -      3,465       487 
                 ---------  ------------  ------------  ---------  --------  ---------  ------------  ------------  ---------  -------- 
Total operating 
 income and 
 expenses        (210,432)         2,725         8,458  (199,249)  (27,989)  (662,323)        10,660        21,708  (629,955)  (88,490) 
 
Operating 
 income/(loss)       3,932         2,729         8,458     15,119     2,124   (33,666)        10,674        21,708    (1,284)     (182) 
Net 
 (loss)/income 
 attributable 
 to Cheetah 
 Mobile 
 shareholders     (10,974)         2,729         8,458        213        31   (66,974)        10,674        21,708   (34,592)   (4,860) 
 
Diluted losses 
 per ordinary 
 share (RMB)      (0.0086)        0.0018        0.0054   (0.0014)             (0.0483)        0.0070        0.0141   (0.0272) 
Diluted losses 
 per ADS (RMB)    (0.4296)        0.0900        0.2696   (0.0700)             (2.4130)        0.3500        0.7030   (1.3600) 
Diluted losses 
 per ADS (USD)    (0.0600)        0.0126        0.0376   (0.0098)             (0.3350)        0.0492        0.0948   (0.1910) 
 
 
                  For The Three Months Ended September 30, 2024      For The Nine Months Ended September 30, 2024 
                 ------------------------------------------------  ------------------------------------------------ 
                                          Amortization                                      Amortization 
                   GAAP     Share-based        of       Non-GAAP     GAAP     Share-based        of       Non-GAAP 
                                           intangible                                        intangible 
                  Result    Compensation     assets*     Result     Result    Compensation     assets*     Result 
                 ---------  ------------  ------------  ---------  ---------  ------------  ------------  --------- 
                    RMB         RMB           RMB          RMB        RMB         RMB           RMB          RMB 
Revenues           192,083             -             -    192,083    569,788             -             -    569,788 
Cost of 
 revenues         (61,714)            92             -   (61,622)  (197,365)           541             -  (196,824) 
                 ---------  ------------  ------------  ---------  ---------  ------------  ------------  --------- 
Gross profit       130,369            92             -    130,461    372,423           541             -    372,964 
 
Research and 
 development      (66,269)           236         6,156   (59,877)  (177,885)           644        18,468  (158,773) 
Selling and 
 marketing        (89,038)         (277)           469   (88,846)  (237,570)         (167)         1,407  (236,330) 
General and 
 administrative   (47,349)         4,863             -   (42,486)  (188,104)        19,939             -  (168,165) 
Other operating 
 income, net           278             -             -        278      1,014             -             -      1,014 
                 ---------  ------------  ------------  ---------  ---------  ------------  ------------  --------- 
Total operating 
 income and 
 expenses        (202,378)         4,822         6,625  (190,931)  (602,545)        20,416        19,875  (562,254) 
 
Operating loss    (72,009)         4,914         6,625   (60,470)  (230,122)        20,957        19,875  (189,290) 
Net loss 
 attributable 
 to Cheetah 
 Mobile 
 shareholders     (46,897)         4,914         6,625   (35,358)  (250,773)        20,957        19,875  (209,941) 
 
Diluted losses 
 per ordinary 
 share (RMB)      (0.0323)        0.0033        0.0044   (0.0246)   (0.1711)        0.0140        0.0132   (0.1439) 
Diluted losses 
 per ADS (RMB)    (1.6150)        0.1650        0.2200   (1.2300)   (8.5569)        0.7000        0.6619   (7.1950) 
 
* This represents amortization of intangible assets resulting from business 
acquisitions. 
 
 
CHEETAH MOBILE INC. 
Information about Segment 
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for 
percentage) 
 
                   For The Three Months Ended September     For The Nine Months Ended September 
                                 30, 2025                                30, 2025 
                  ---------------------------------------  ------------------------------------- 
                  Internet   AI and                        Internet   AI and 
                  Business   others      Consolidated      Business   others     Consolidated 
                  --------  --------  -------------------  --------  --------  ----------------- 
                    RMB       RMB       RMB        USD       RMB       RMB       RMB       USD 
Revenues           142,407   144,962   287,369     40,367   459,385   382,208   841,593  118,217 
Operating Costs 
and expenses 
Cost of 
 revenues(i)        25,999    47,002    73,001     10,254    75,306   137,616   212,922   29,909 
Selling and 
 marketing(i)       45,371    37,252    82,623     11,606   174,986   114,609   289,595   40,679 
Research and 
 development(i)     33,441    34,693    68,134      9,571    99,693    96,410   196,103   27,547 
Other segment 
 items(i)           16,252    40,698    56,950      8,000    41,199   124,766   165,965   23,313 
Adjusted 
 operating 
 income/(loss)      21,344  (14,683)     6,661        936    68,201  (91,193)  (22,992)  (3,231) 
Unallocated 
 amounts-share 
 based 
 compensations                         (2,729)      (384)                      (10,674)  (1,499) 
Operating 
 income/(loss)                           3,932        552                      (33,666)  (4,730) 
Reconciliation 
of segment 
profit/(loss) 
Interest income, 
 net                                     9,560      1,343                        25,145    3,532 
Foreign exchange 
 gains, net                              8,628      1,212                        16,627    2,336 
Other expense , 
 net                                  (12,318)    (1,730)                      (34,171)  (4,800) 
Income/(loss) 
 before income 
 taxes                                   9,802      1,377                      (26,065)  (3,662) 
 
 
                        For The Three Months Ended         For The Nine Months Ended 
                            September 30, 2024                September 30, 2024 
                     --------------------------------  --------------------------------- 
                     Internet   AI and                 Internet   AI and 
                     Business   others   Consolidated  Business   others    Consolidated 
                     --------  --------  ------------  --------  ---------  ------------ 
                       RMB       RMB         RMB         RMB        RMB         RMB 
Revenues              134,287    57,796       192,083   357,036    212,752       569,788 
Operating Costs 
and expenses 
Cost of revenues(i)    19,687    41,935        61,622    58,638    138,186       196,824 
Selling and 
 marketing(i)          53,113    36,202        89,315   130,702    107,035       237,737 
Research and 
 development(i)        32,594    33,439        66,033    84,825     92,416       177,241 
Other segment 
 items(i)              15,088    27,120        42,208    46,245    120,906       167,151 
Adjusted operating 
 income/(losses)       13,805  (80,900)      (67,095)    36,626  (245,791)     (209,165) 
Unallocated 
 amounts-share 
 based 
 compensations                                (4,914)                           (20,957) 
Operating loss                               (72,009)                          (230,122) 
Reconciliation of 
segment 
profit/(loss) 
Interest income, 
 net                                            9,471                             34,560 
Foreign exchange 
 gains, net                                    21,351                             10,510 
Other 
 income/(expense), 
 net                                            1,738                           (57,469) 
Loss before income 
 taxes                                       (39,449)                          (242,521) 
 
(i) Share-based compensations were not allocated to segments. Other segment items 
include general and administrative expenses and other operating expenses allocated to 
the respective segments. 
 
 
CHEETAH MOBILE INC. 
Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted 
EBITDA (Non-GAAP) 
(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) 
 
                          For The Three Months Ended        For The Nine Months Ended 
                        -------------------------------  ------------------------------- 
                        September  September  September  September  September  September 
                        30, 2024   30, 2025   30, 2025   30, 2024   30, 2025   30, 2025 
                        ---------  ---------  ---------  ---------  ---------  --------- 
                           RMB        RMB        USD        RMB        RMB        USD 
Net loss attributable 
 to Cheetah Mobile 
 shareholders            (46,897)   (10,974)    (1,541)  (250,773)   (66,974)    (9,408) 
Add: 
 Income tax 
  expenses/(benefits)       2,387     13,506      1,897    (3,806)     22,191      3,117 
 Interest income, net     (9,471)    (9,560)    (1,343)   (34,560)   (25,145)    (3,532) 
 Depreciation and 
  other amortization       12,205     12,270      1,724     36,834     32,809      4,609 
 Net income 
  attributable to 
  noncontrolling 
  interests                 5,061      7,270      1,021     12,058     18,718      2,629 
 Other (income)/ 
  expense, net           (23,089)      3,690        518     46,959     17,544      2,464 
 Share-based 
  compensation              4,914      2,729        384     20,957     10,674      1,499 
Adjusted EBITDA          (54,890)     18,931      2,660  (172,331)      9,817      1,378 
                        ---------  ---------  ---------  ---------  ---------  --------- 
 

View original content:https://www.prnewswire.com/news-releases/cheetah-mobile-announces-third-quarter-2025-unaudited-consolidated-financial-results-302626564.html

SOURCE Cheetah Mobile

Revenue grew 57.5% year-over-year in Q2 2025, with gross profit up 85% and net loss narrowing by 81.7%. AI and others segment surged 86.4%, now 46.5% of total revenue. Strong liquidity and ongoing investment in AI and robotics support future growth.

Original document: Cheetah Mobile, Inc. ADR Class A [CMCM] SEC 6-K Current Report — Sep. 11 2025