Overview
Chinese live entertainment mobile streaming platform Scienjoy Q2 2025 revenue decreased due to fewer paying users in China
Net income declined due to lower fair value of investment
Gross margin improved to 18.2% from 17.3% despite revenue drop
Outlook
Company plans to scale live streaming and AI Vista businesses
Scienjoy focuses on global expansion to diversify revenue streams
Company aims to enhance user experience with AI and big data
Scienjoy to invest in content, technology, and global reach for growth
Result Drivers
PAYING USERS DECLINE - Decrease in total revenues attributed to a decline in paying users due to competitive landscape in China's mobile live streaming market
COST MANAGEMENT - Gross margin increased to 18.2% from 17.3% due to higher average revenue per paying user and lower revenue sharing fees
INVESTMENT LOSS - Net income impacted by a RMB 13.7 mln decrease in the fair value of investment in a publicly traded company
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | RMB 349 mln (US$48.7 million) | ||
Q2 Adjusted Net Income | RMB 24.90 mln | ||
Q2 Net Income | RMB 22.70 mln | ||
Q2 Gross Profit | RMB 63.70 mln | ||
Q2 Income from Operations | RMB 23.30 mln | ||
Q2 Operating Expenses | RMB 40.40 mln |
Press Release: ID:nPn6VFs5Ma
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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