AI-based news feed app Qutoutiao Inc (NASDAQ: QTT) is slated to report first-quarter 2019 earnings results after the closing bell on Monday, May 20. Analysts expect the Chinese firm to report a loss of 41 cents per share on revenues of $161.9 million.
Qutoutiao, which went public in September last year, has so far shown exceptional operational growth for such a young company. In 2018, the company reported a 485% year-over-year jump in revenues to $440 million.
The top-line growth was backed by steady and consistent user engagement. In the last-reported quarter, average daily active users soared 224% to 30.9 million, while average monthly active users jumped 286% to 93.8 million.
However, owing to the rising expenses required to improve the budding platform, net loss widened more than ten times to $145 million. Shares fell 14% on the mixed Q4 results.
The highly volatile stock is down 20% in the year-to-date period. After hitting a 2019-high in mid-March the stock fell as much as 64% after the company announced plans to offer new stock for $10 per share. Investors did not take lightly the stock offer coming only half a year after its IPO.
READ: IQIYI BEATS ON BOTTOM-LINE IN Q1, KEEPS ADDING USERS
Qutoutiao has not yet been able to recover from the fall. The management is likely to provide more clarifications during the earnings conference call.
QTT has a 12-month average price target of $12.20, suggesting 115% upside from its last close.
Founded in 2016, Qutoutiao aggregates articles and short videos and presents customized feeds to users.
Most Popular
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
Comments