Categories AlphaGraphs, Earnings, LATEST, Technology
Qutoutiao Inc. (NASDAQ: QTT): Q3 2019 Earnings Snapshot
— China-based tech firm Qutoutiao Inc. (NASDAQ: QTT) reported an adjusted loss of $0.46 per ADS for the third quarter of 2019, vs. a $0.35 per ADS loss expected.
— Net loss attributable shareholders was RMB 891.8 million ($124.8 million), compared to a loss of RMB 1.06 billion a year earlier
— Net revenues increased 44% annually to RMB 1.41 billion ($196.8 million) during the three-month period, vs. $196.4 million expected
— Advertising and marketing revenues climbed 54% to RMB 1.38 billion, while other revenues declined 69%
— In the third quarter, combined average MAUs more than doubled year-over-year to 133.9 million, and combined average DAUs surged 98% to 42.1 million
— Average daily time spent per DAU was 61.3 minutes, up from 55.9 minutes reported in the third quarter of 2018
— Expects net revenues to be between RMB 1.60 billion and RMB 1.62 billion in the fourth quarter of 2019
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
