Categories Analysis, Technology

Earnings preview: What the street expects from Qutoutiao in Q1

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.

Qutoutiao active users' trend.

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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%

Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted

Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results

Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to

ACN Earnings: Key quarterly highlights from Accenture’s Q4 2022 financial results

Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top