Cheetah Mobile’s third quarter revenue was RMB 365 million and net profit was RMB 266 million.

Tencent Securities News on November 24, Cheetah Mobile announced its third-quarter financial report that total revenue was 365 million yuan, exceeding the previous quarter's guidance. Tools business revenue was 186 million yuan, basically the same as last quarter. The revenue of mobile entertainment business was 158 million yuan, which was continuously affected by Google's overseas cooperation suspension of advertising cooperation, which decreased by 12.1% from the previous month. The AI ​​business achieved revenue of 21.3 million yuan, an increase of 9.5% from the previous month.

In the third quarter, Non-GAAP net profit attributable to shareholders of Cheetah Mobile was 266 million yuan.

Non-GAAP net profit attributable to shareholders of Cheetah Mobile is 266 million yuan, with cash reserves and long-term investments of 3.849 billion yuan.

, Non-GAAP costs and expenses fell 57.9% year-on-year. Among them, Non-GAAP costs fell 69.0% year-on-year to 113 million yuan; Non-GAAP research and development expenses fell 46.9% year-on-year to 113 million yuan, and Non-GAAP marketing and marketing expenses fell 58.0% year-on-year to 167 million yuan.

This quarter, Non-GAAP gross profit margin still reached 69.0%, compared with 60.3% in the same period last year. At the same time, starting from the third quarter of 2019, the company's Non-GAAP operating loss has been narrowed quarter-on-quarter for four consecutive quarters, and this quarter's Non-GAAP operating loss has narrowed by 10.4% quarter-on-quarter. Among them, the operating profit of Non-GAAP tools was 51.2 million yuan, the non-GAAP mobile entertainment business turned losses, and the operating profit was 20.3 million yuan.

In addition, due to the disposal of part of the business and assets of the company this quarter, non-operating income was 378 million yuan, and the non-GAAP net profit attributable to the shareholders of Cheetah Mobile was 266 million yuan. After

paid a dividend of 200 million US dollars, as of September 30, 2020, Cheetah Mobile has cash and cash equivalents, restricted funds and short-term investments of 1.595 billion yuan, and long-term investments of 2.254 billion yuan.