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.  


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

INTU Earnings: Intuit reports higher revenue and profit for Q2 2024

Financial technology company Intuit Inc. (NASDAQ: INTU) reported higher adjusted earnings and revenues for the second quarter of 2024. Earnings also exceeded Wall Street's projection. At $3.39 billion, second-quarter revenues

Nvidia (NVDA) looks set to thrive on AI power in the long term

Nvidia Corporation (NASDAQ: NVDA) this week reported blockbuster results for the fourth quarter of 2024, aided by the graphic card behemoth’s booming AI business. The Q4 outcome matched its blowout

What to look for when Lowe’s (LOW) reports Q4 2023 earnings

Shares of Lowe's Companies, Inc. (NYSE: LOW) stayed green on Wednesday. The stock has gained 15% over the past three months. The home improvement retailer is scheduled to report its

Add Comment
Viewing Highlight