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

Earnings Preview: FedEx looks set to report mixed results for Q4 2025

FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the

How Ulta Beauty’s (ULTA) new strategy is fueling growth

Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025

Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results

The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,

Comments

  1. Pingback: itme.xyz
  2. Pingback: micro frenchie
  3. Pingback: live sex cams
  4. Pingback: sex shows
  5. Pingback: dog papers
  6. Pingback: Bentley
  7. Pingback: amateur webcams
  8. Pingback: cheap cam girls
  9. Pingback: 스포츠분석
  10. Pingback: 라이브스코어
  11. Pingback: 스포츠중계
  12. Pingback: esports
  13. Pingback: candy factory
  14. Pingback: lilac frenchies
  15. Pingback: 늑대닷컴
  16. Pingback: house of ho
  17. Pingback: 늑대닷컴
  18. Pingback: wix seo
  19. Pingback: linh hoang
  20. Pingback: brazil crop top
  21. Pingback: nepo hat
  22. Pingback: french bulldog
  23. Pingback: Dog Papers
  24. Pingback: Dog Registry
  25. Pingback: Dog Papers
  26. Pingback: Dog Papers
  27. Pingback: Dog Papers
  28. Pingback: french pitbull dog
  29. Pingback: playnet casino
  30. Pingback: playnet app
  31. Pingback: bjj houston tx
  32. Pingback: mexican candy shop
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top