CMCMNYSEServices-Prepackaged SoftwareUS GAAP · USD

Cheetah Mobile Inc.

Cheetah Mobile Inc. is a China-based software and internet company listed on the New York Stock Exchange. It develops PC and mobile software products, AI agent tools, cloud and AI infrastructure services, advertising services, and robotic products for users and business customers across global markets.

Kysy yhtiöstä
Liikevaihto1 150milj. USD
+42,6 %v/v
Liikevoitto (EBIT)−179milj. USD
+59,0 %v/v
EBIT-marginaali−15,6%
+38,6 %-yks.v/v
Nettotulos−258milj. USD
+58,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 000−50005001 0001 5002 000milj. USD2020: 1 553 milj. USD2020: EBIT −531 milj. USD20202021: 785 milj. USD2021: EBIT −230 milj. USD20212022: 884 milj. USD2022: EBIT −226 milj. USD20222023: 670 milj. USD2023: EBIT −210 milj. USD20232024: 807 milj. USD2024: EBIT −437 milj. USD20242025: 1 150 milj. USD2025: EBIT −179 milj. USD20251 150−179
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Internet software products35 %

Consumer and prosumer software applications for PCs and mobile devices.

Advertising services25 %

Advertising solutions sold to advertisers and monetized through digital traffic.

Premium memberships10 %

Paid subscriptions and value-added services sold to software users.

AI and cloud infrastructure20 %

Cloud management, AI infrastructure, and enterprise service offerings.

Robotic products10 %

Robotics hardware and related solutions for international customers.

Asiakkaat

Cheetah Mobile serves both consumer users and business customers. Its software products are used by PC and mobile users seeking productivity, device optimization, editing, and browsing tools, while advertisers buy media and traffic solutions and companies buy cloud, AI, and management services.

Consumer software users

Users of PC and mobile applications for document processing, optimization, editing, and browsing.

Advertisers

Brands and app marketers buying advertising services across international markets.

Enterprise cloud and AI customers

Companies purchasing cloud management, AI infrastructure, and related software services.

Premium members

End users paying for upgraded features and value-added software services.

Robotics clients

International customers buying robotic products and related solutions.

Strategia

Cheetah Mobile's strategy centers on applying AI capabilities across its software, cloud, and robotics offerings. The company is building a diversified product mix to broaden monetization beyond legacy software into enterprise services and new technology categories.

AI product expansionKeskipitkä aikaväli

AI is the core technology layer across software, cloud, and robotics offerings.

Diversified monetizationKeskipitkä aikaväli

Multiple revenue streams reduce dependence on any single product category.

Enterprise service growthKeskipitkä aikaväli

Business customers can support larger, recurring, and more scalable revenue streams.

Product portfolio innovationPitkä aikaväli

New products help maintain user engagement and open additional markets.

Maantiede

2025

The company is China-based but operates and sells internationally, with software, advertising, cloud, AI, and robotics reaching users and customers worldwide. It is listed in the United States on the New York Stock Exchange, while its operating base and development footprint are tied to China and other global markets.

Kina39 %
Europe28 %
Other countries (US filing)13 %
Japan12 %
USA8,6 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The company faces execution risk from relying on fast-changing software and AI markets, where product relevance and user engagement can shift quickly. It also faces concentration risk in advertising and platform monetization, as well as technology and impairment risks tied to acquired intangibles, goodwill, and ongoing product investment.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Product relevance and user engagement risk1Advertising monetization volatility2Goodwill and intangible asset impairment3International regulatory and geopolitical exposure4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Product relevance and user engagement riskVaikutus: KorkeaTodennäköisyys: Korkea

    Consumer software and AI tools can be displaced by better alternatives quickly.

    KohdistuuPC and mobile softwareAI agents
  2. Advertising monetization volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Ad revenue depends on traffic, advertiser budgets, and platform demand.

    Kohdistuu: Advertising services

  3. Goodwill and intangible asset impairmentVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company has reported impairment charges, showing value depends on future performance.

    Kohdistuu: Acquisitions and acquired technology

  4. International regulatory and geopolitical exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The business serves global customers while operating from China and listing in the US.

    Kohdistuu: China and worldwide customers

Kirjanpito

Harkinnanvaraiset erät
Share-based compensation

Non-GAAP measures exclude it, so it affects comparability with GAAP results.

Vaikutus: Reported profit and non-GAAP margins

Goodwill and intangible impairment

Impairment charges can sharply reduce operating income when acquired assets underperform.

Vaikutus: Operating income and net loss

Amortization of acquired intangibles

Acquisition-related intangibles create recurring non-cash expense.

Vaikutus: Operating expenses and adjusted earnings

Multi-stream revenue recognition

Advertising, memberships, cloud services, and robotics may follow different recognition patterns.

Vaikutus: Revenue timing and quarterly comparability

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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iHuman Inc.

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Xiao-I Corp

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GMTech Inc.

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Päivitetty: 28.9.2026