Cheetah Mobile (CMCM) Company Report

Analyst Coverage

Research analysts who have asked questions during Cheetah Mobile earnings calls.

Becky Wei

Citi

1 question for CMCM

Ben Kai Hsiao

CICC

1 question for CMCM

Ben Sheng Wu

CS Global

1 question for CMCM

Brenda Zhang

China International Capital Corporation Limited

1 question for CMCM

Chengru Li

Guoyuan Securities

1 question for CMCM

GG Zhang

GF Securities Co., Ltd.

1 question for CMCM

Guang Peng Zhang

Sealian Securities

1 question for CMCM

Jack Yang

Mizuho Securities

1 question for CMCM

Joanna Ma

CMBI

1 question for CMCM

Also covers: HSAI

Johanna Ma

CMB International

1 question for CMCM

Also covers: BZUN

Min Son

UOB

1 question for CMCM

Nancy Liu

JPMorgan Chase & Co.

1 question for CMCM

Thomas Zhang

Jefferies

1 question for CMCM

Also covers: NTES

Yanlin Chen

CITIC Securities

1 question for CMCM

Yan Peng Zhao

Guotai Haitong Securities

1 question for CMCM

Zhang Group Lee

Guotai Junan Securities Co., Ltd.

1 question for CMCM

Zhang Huang

China Everbright Securities Company Limited

1 question for CMCM

Latest news

Recent press releases and 8-K filings for CMCM.

Cheetah Mobile Announces Strong Q3 2025 Financial Results with First Quarterly Operating Profit in Six Years

CMCM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Cheetah Mobile Inc. reported total revenues of RMB287.4 million (US$40.4 million) for the third quarter of 2025, representing a 49.6% year-over-year increase.
The company achieved its first quarterly operating profit in six years, reaching RMB3.9 million (US$0.6 million) in Q3 2025, a significant improvement from an operating loss of RMB72.0 million in the prior year quarter.
The AI and others segment was a primary growth driver, with revenues increasing 150.8% year-over-year and accounting for 50.4% of total revenues in Q3 2025.
Non-GAAP operating profit reached RMB15.1 million (US$2.1 million) in Q3 2025, compared to a non-GAAP operating loss of RMB60.5 million in the same period last year.
Net loss attributable to Cheetah Mobile shareholders improved to RMB11.0 million (US$1.5 million) in Q3 2025, from RMB46.9 million in the year-ago quarter, with non-GAAP net income attributable to shareholders of RMB0.2 million (US$0.03 million).

Nov 26, 2025, 11:22 AM

6-K

Cheetah Mobile Reports First Quarterly Operating Profit in Six Years, Driven by AI Segment Growth

CMCM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Cheetah Mobile reported its first quarterly operating profit in six years in Q3 2025, reaching RMB 4 million (GAAP) and RMB 50 million (non-GAAP). The company anticipates approaching break-even for the full year 2025.
Total revenue for Q3 2025 increased 50% year-over-year to RMB 287 million, primarily driven by the AI and other segments, which grew 151% year-over-year and now represent 50% of total revenues.
The AI robotic business contributed approximately 15% of total revenue in Q3 2025, growing 100% year-over-year and 40% quarter-over-quarter. Revenue from voice-enabled wheel robots doubled year-over-year, making up about 5% of total revenues.
The Internet business remained stable with 6% year-over-year revenue growth and delivered an adjusted operating profit of approximately RMB 21 million, up 55% year-over-year. User payment revenue, accounting for about 70% of internet revenue, is projected to grow over 10% year-over-year in Q4 2025.
As of September 30, 2024, the company maintained a strong financial position with approximately $224 million in cash and cash equivalents and $107 million in long-term investments.

Nov 26, 2025, 11:00 AM

Transcript

Cheetah Mobile Announces Q3 2025 Financial Results

CMCM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Cheetah Mobile reported total revenues of RMB287.4 million (US$40.4 million) for the third quarter of 2025, representing a 49.6% year-over-year increase.
The company achieved its first quarterly operating profit in six years, reaching RMB3.9 million (US$0.6 million) in Q3 2025, significantly improving from an operating loss of RMB72.0 million in the same period last year.
The AI and others segment was a primary growth driver, with revenues increasing 150.8% year-over-year and contributing 50.4% of total revenues in the third quarter of 2025.
Gross profit increased by 64.4% year-over-year to RMB214.4 million (US$30.1 million), with a gross margin of 74.6% in the third quarter of 2025.

Nov 26, 2025, 9:00 AM

Press Release

Cheetah Mobile Reports Strong Q2 2025 Results Driven by AI and Robotics Growth

CMCM

Earnings

Revenue Acceleration/Inflection

M&A

Cheetah Mobile reported strong Q2 2025 financial results, with total revenue growing 58% year-over-year to RMB 295 million and significantly narrowing its operating loss by 86% year-over-year.
Revenue growth was primarily driven by an 86% year-over-year increase in the AI and other segments and a 39% year-over-year increase in the internet business, where subscriptions now account for approximately 60% of revenues.
A key strategic move in Q2 2025 was the acquisition of UFactory, a profitable robotic arm company, in late July, further strengthening the AI and robotics business.
The company is on track to reach overall profitability in the near term, supported by a strong cash position of $282 million and zero debt as of June 30, 2024, and anticipates approximately 100% year-over-year revenue growth in its AI and other segments for the second half of 2025.

Sep 11, 2025, 11:00 AM

Transcript

Cheetah Mobile Reports Strong Q2 2025 Results Driven by AI and Internet Business Growth

CMCM

Earnings

Revenue Acceleration/Inflection

M&A

Cheetah Mobile reported strong financial results for Q2 2025, with total revenue growing 58% year-over-year to RMB 295 million and operating loss decreasing 86% year-over-year.
This growth was primarily driven by a 39% year-over-year increase in the internet business and an 86% year-over-year increase in AI and other segments, including approximately 100% growth in voice-enabled robot revenue in China.
The company completed the acquisition of UFactory One, a profitable robotic arm company, in late July, which is expected to contribute to revenue in the second half of 2025.
Cheetah Mobile is on track to reach profitability in the near term, supported by a disciplined, ROI-focused AI strategy and a strong balance sheet with $282 million in cash and cash equivalents as of June 30, 2024.

Sep 11, 2025, 11:00 AM

Transcript

Cheetah Mobile Announces Second Quarter 2025 Unaudited Consolidated Financial Results

CMCM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Cheetah Mobile reported total revenues of RMB295.2 million (US$41.2 million) for the second quarter of 2025, representing a 57.5% year-over-year increase and 14.0% quarter-over-quarter acceleration.
The company significantly improved its profitability, with operating loss reducing by 85.7% year-over-year to RMB11.1 million (US$1.5 million) and net loss attributable to Cheetah Mobile Shareholders decreasing by 81.7% year-over-year to RMB22.6 million (US$3.2 million) in Q2 2025.
The AI and others segment was a strong growth driver, with its revenue growing 86.4% year-over-year and contributing 46.5% to total revenue, while its adjusted operating losses declined 62.8% year-over-year.
Cheetah Mobile is undergoing a strategic transformation, including the planned addition of UFACTORY, a recently acquired robotic arm business, to enhance its robotics capabilities and expand its addressable market.
As of June 30, 2025, the company maintained strong liquidity with cash and cash equivalents totaling RMB2,019.6 million (US$281.9 million).

Sep 11, 2025, 10:30 AM

6-K

Cheetah Mobile Announces Q2 2025 Unaudited Consolidated Financial Results

CMCM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Cheetah Mobile reported total revenues of RMB295.2 million (US$41.2 million) for the second quarter of 2025, representing a 57.5% year-over-year increase.
The company achieved a gross profit of RMB224.8 million (US$31.4 million), an 85.0% year-over-year increase, with a gross margin of 76.1% in Q2 2025.
Operating loss was significantly reduced by 85.7% year-over-year to RMB11.1 million (US$1.5 million), and net loss attributable to Cheetah Mobile shareholders decreased by 81.7% year-over-year to RMB22.6 million (US$3.2 million).
Revenue from the AI and others segment grew 86.4% year-over-year and accounted for 46.5% of total revenue, while adjusted operating losses from this segment declined 62.8% year-over-year.
As of June 30, 2025, the company had cash and cash equivalents of RMB2,019.6 million (US$281.9 million) and generated RMB361.7 million (US$50.5 million) from operating activities during the quarter.