China's Scienjoy Q2 revenue, net income down

Reuters08-27
China's Scienjoy <a href="https://laohu8.com/S/QTWO">Q2</a> revenue, net income down

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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